South-Eastern Asia: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in South-Eastern Asia

The Southeast Asian wheeled dozer market fell to $X in 2022, declining by -5.5% against the previous year. Over the period under review, consumption showed a tangible increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Wheeled Dozer Production in South-Eastern Asia

In value terms, wheeled dozer production reduced to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 -34.0% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 52%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Wheeled Dozer Exports

Exports in South-Eastern Asia

In 2022, exports of wheeled dozers in South-Eastern Asia dropped dramatically to X units, declining by -70.9% on the previous year. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 1,479%. As a result, the exports attained the peak of X units, and then fell rapidly in the following year.

In value terms, wheeled dozer exports shrank notably to $X in 2022. Overall, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 140% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar was the key exporter of wheeled dozers in South-Eastern Asia, with the volume of exports recording X units, which was near 82% of total exports in 2022. It was distantly followed by Singapore (X units), committing a 13% share of total exports. Malaysia (X units) followed a long way behind the leaders.

Myanmar was also the fastest-growing in terms of the wheeled dozers exports, with a CAGR of +79.1% from 2012 to 2022. Malaysia (-21.2%) and Singapore (-26.8%) illustrated a downward trend over the same period. Myanmar (+82 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Singapore saw its share reduced by -6.1% and -72.4% from 2012 to 2022, respectively.

In value terms, Singapore ($X), Myanmar ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 70% share of total exports.

Myanmar, with a CAGR of +78.0%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, surging by 139% against the previous year. Overall, the export price, however, saw a perceptible contraction. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.1%), while the other leaders experienced mixed trends in the export price figures.

Wheeled Dozer Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of wheeled dozers increased by 20% to X units, rising for the second year in a row after two years of decline. In general, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by 325% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, wheeled dozer imports skyrocketed to $X in 2022. Overall, imports, however, recorded a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 210% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Philippines represented the key importer of wheeled dozers in South-Eastern Asia, with the volume of imports accounting for X units, which was near 42% of total imports in 2022. Thailand (X units) took the second position in the ranking, distantly followed by Myanmar (X units), Indonesia (X units), Singapore (X units) and Cambodia (X units). All these countries together took approx. 51% share of total imports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to wheeled dozer imports into the Philippines stood at -2.0%. At the same time, Thailand (+11.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +11.4% from 2012-2022. By contrast, Vietnam (-2.4%), Cambodia (-6.1%), Myanmar (-10.7%), Singapore (-15.4%) and Indonesia (-22.2%) illustrated a downward trend over the same period. While the share of the Philippines (+24 p.p.), Thailand (+16 p.p.), Vietnam (+2.3 p.p.) and Cambodia (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-6.2 p.p.) and Indonesia (-30.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported wheeled dozers in South-Eastern Asia, comprising 45% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 21% share of total imports. It was followed by Cambodia, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Philippines stood at -2.3%. In the other countries, the average annual rates were as follows: Indonesia (-20.6% per year) and Cambodia (-9.4% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, with a decrease of -3.7% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 634%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, 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 Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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