South-Eastern Asia: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in South-Eastern Asia

The Southeast Asian pedestrian-controlled tractor market stood at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pedestrian-Controlled Tractor Production in South-Eastern Asia

In value terms, pedestrian-controlled tractor production expanded remarkably to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.9% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of pedestrian-controlled tractors decreased by -26% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 97% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted sharply in the following year.

In value terms, pedestrian-controlled tractor exports reduced to $X in 2022. In general, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 80% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand dominates exports structure, accounting for X units, which was approx. 97% of total exports in 2022. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pedestrian-controlled tractor exports from Thailand stood at +23.4%. At the same time, Indonesia (+25.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +25.1% from 2012-2022. While the share of Thailand (+16 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest pedestrian-controlled tractor supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by Indonesia ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand was relatively modest.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, with an increase of 28% against the previous year. In general, the export price, however, recorded a deep contraction. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-7.2%).

Pedestrian-Controlled Tractor Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of pedestrian-controlled tractors decreased by -7.5% to X units, falling for the second year in a row after two years of growth. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 123%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor imports shrank sharply to $X in 2022. Over the period under review, imports saw a mild shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 86% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Cambodia represented the major importing country with an import of about X units, which amounted to 60% of total imports. It was distantly followed by Lao People's Democratic Republic (X units), Myanmar (X units) and Vietnam (X units), together constituting a 35% share of total imports. Thailand (X units) took a relatively small share of total imports.

Imports into Cambodia increased at an average annual rate of +11.3% from 2012 to 2022. At the same time, Lao People's Democratic Republic (+36.4%), Vietnam (+17.1%), Thailand (+15.2%) and Myanmar (+4.1%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +36.4% from 2012-2022. Lao People's Democratic Republic (+17 p.p.), Cambodia (+16 p.p.) and Vietnam (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Myanmar saw its share reduced by -4.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cambodia ($X), Myanmar ($X) and Lao People's Democratic Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined 83% share of total imports.

Lao People's Democratic Republic, with a CAGR of +27.6%, 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, reducing by -13.4% against the previous year. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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