South-Eastern Asia: Wheeled Loader Market 2024

Wheeled Loader Market Size in South-Eastern Asia

After two years of decline, the Southeast Asian wheeled loader market increased by 51% to $X in 2021. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wheeled Loader Production in South-Eastern Asia

In value terms, wheeled loader production soared to $X in 2021 estimated in export price. In general, production continues to indicate a resilient increase. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Wheeled Loader Exports

Exports in South-Eastern Asia

Wheeled loader exports rose modestly to X units in 2021, surging by 3.3% compared with the previous year. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 94%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, wheeled loader exports skyrocketed to $X in 2021. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 65%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand represented the key exporter of wheeled loaders, crawler shovel loaders, front-end loaders in South-Eastern Asia, with the volume of exports reaching X units, which was approx. 57% of total exports in 2021. Vietnam (X units) ranks second in terms of the total exports with a 15% share, followed by Singapore (13%) and Malaysia (11%). The Philippines (X units) held a relatively small share of total exports.

Thailand was also the fastest-growing in terms of the wheeled loaders, crawler shovel loaders, front-end loaders exports, with a CAGR of +16.7% from 2012 to 2021. At the same time, Vietnam (+3.0%) displayed positive paces of growth. The Philippines experienced a relatively flat trend pattern. By contrast, Malaysia (-3.4%) and Singapore (-14.5%) illustrated a downward trend over the same period. While the share of Thailand (+43 p.p.) and Vietnam (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-3.9 p.p.) and Singapore (-39.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest wheeled loader supplier in South-Eastern Asia, comprising 81% of total exports. The second position in the ranking was held by Singapore ($X), with a 15% share of total exports. It was followed by Vietnam, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand totaled +47.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-2.9% per year) and Vietnam (-5.6% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, jumping by 46% against the previous year. Overall, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 292% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+26.4%), while the other leaders experienced more modest paces of growth.

Wheeled Loader Imports

Imports in South-Eastern Asia

Wheeled loader imports soared to X units in 2021, increasing by 40% against the year before. Overall, imports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 when imports increased by 69% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, wheeled loader imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 27%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The Philippines represented the main importer of wheeled loaders, crawler shovel loaders, front-end loaders in South-Eastern Asia, with the volume of imports finishing at X units, which was approx. 47% of total imports in 2021. Thailand (X units) held the second position in the ranking, followed by Indonesia (X units), Vietnam (X units) and Malaysia (X units). All these countries together held approx. 46% share of total imports. The following importers - Cambodia (X units) and Myanmar (X units) - together made up 4.7% of total imports.

The Philippines was also the fastest-growing in terms of the wheeled loaders, crawler shovel loaders, front-end loaders imports, with a CAGR of +25.6% from 2012 to 2021. At the same time, Myanmar (+25.2%), Cambodia (+6.7%) and Thailand (+6.4%) displayed positive paces of growth. Vietnam experienced a relatively flat trend pattern. By contrast, Indonesia (-1.4%) and Malaysia (-6.5%) illustrated a downward trend over the same period. The Philippines (+38 p.p.), Thailand (+2.5 p.p.) and Myanmar (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Malaysia and Indonesia saw its share reduced by -3.2%, -9.3% and -10.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest wheeled loader importing markets in South-Eastern Asia were Indonesia ($X), Thailand ($X) and the Philippines ($X), with a combined 66% share of total imports. These countries were followed by Vietnam, Malaysia, Cambodia and Myanmar, which together accounted for a further 28%.

Myanmar, with a CAGR of +15.0%, 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, declining by -13.2% against the previous year. Overall, the import price showed a noticeable setback. The pace of growth appeared the most rapid in 2020 when the import price increased by 30% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Vietnam (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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