South-Eastern Asia: Market for Mechanical Shovels, Excavators And Shovel Loaders 2025

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in South-Eastern Asia

In 2021, the Southeast Asian mechanical shovel and excavator market increased by 49% to $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in South-Eastern Asia

In value terms, mechanical shovel and excavator production rose markedly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in South-Eastern Asia

In 2021, overseas shipments of mechanical shovels, excavators and shovel loaders were finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2015 when exports increased by 294% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2012; afterwards, it flattened through to 2021.

Exports by Country

The shipments of the three major exporters of mechanical shovels, excavators and shovel loaders, namely Indonesia, Singapore and Thailand, represented more than two-thirds of total export. Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Indonesia (with a CAGR of +12.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Thailand ($X), Indonesia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 97% of total exports.

Among the main exporting countries, Indonesia, with a CAGR of +11.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, surging by 11% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 272% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in South-Eastern Asia

After two years of decline, supplies from abroad of mechanical shovels, excavators and shovel loaders increased by 48% to X units in 2021. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of mechanical shovels, excavators and shovel loaders, namely Indonesia, the Philippines, Thailand and Vietnam, represented more than two-thirds of total import. It was distantly followed by Malaysia (X units), creating a 7% share of total imports. Singapore (X units) and Myanmar (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +18.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 69% of total imports.

Vietnam, with a CAGR of +17.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, growing by 17% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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