South-Eastern Asia: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in South-Eastern Asia

After five years of decline, the Southeast Asian self-propelled bulldozer market increased by 3.5% to $X in 2021. Overall, consumption, however, saw a pronounced descent. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Bulldozer Production in South-Eastern Asia

In value terms, self-propelled bulldozer production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 3.7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Self-Propelled Bulldozer Exports

Exports in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of self-propelled bulldozers and excavators, when their volume increased by 33% to X units. Over the period under review, exports, however, recorded a slight slump. The most prominent rate of growth was recorded in 2017 when exports increased by 119% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, self-propelled bulldozer exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 102% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore prevails in exports structure, resulting at X units, which was approx. 89% of total exports in 2021. The following exporters - Malaysia (X units), Indonesia (X units), Vietnam (X units) and Thailand (X units) - together made up 11% of total exports.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of self-propelled bulldozers and excavators. At the same time, Vietnam (+19.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +19.4% from 2012-2021. By contrast, Indonesia (-3.4%), Malaysia (-3.5%) and Thailand (-12.7%) illustrated a downward trend over the same period. Singapore (+5.9 p.p.) and Vietnam (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -3.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest self-propelled bulldozer supplier in South-Eastern Asia, comprising 59% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 18% share of total exports. It was followed by Indonesia, with a 9.7% share.

In Singapore, self-propelled bulldozer exports contracted by an average annual rate of -14.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+0.6% per year) and Indonesia (-5.0% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2014 when the export price increased by 31%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Bulldozer Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of self-propelled bulldozers and excavators was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a perceptible decrease. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, self-propelled bulldozer imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Philippines (X units) represented the major importer of self-propelled bulldozers and excavators, committing 39% of total imports. Vietnam (X units) held the second position in the ranking, distantly followed by Singapore (X units), Malaysia (X units), Myanmar (X units), Thailand (X units) and Cambodia (X units). All these countries together took near 59% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +41.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported self-propelled bulldozers and excavators in South-Eastern Asia, comprising 45% of total imports. The second position in the ranking was held by Singapore ($X), with a 20% share of total imports. It was followed by the Philippines, with a 9.2% share.

In Vietnam, self-propelled bulldozer imports expanded at an average annual rate of +43.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-13.2% per year) and the Philippines (-5.1% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, dropping by -9.7% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the import price increased by 1.6%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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