Southern Asia: Bulldozer Market 2024

Bulldozer Market Size in Southern Asia

The South Asian bulldozer market skyrocketed to $X in 2022, jumping by 73% against the previous year. Over the period under review, consumption showed a strong increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Bulldozer Production in Southern Asia

In value terms, bulldozer production declined to $X in 2022 estimated in export price. In general, production, however, saw a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 115%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Bulldozer Exports

Exports in Southern Asia

In 2022, bulldozer exports in Southern Asia dropped notably to X units, which is down by -33.1% against 2021. Overall, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2021 when exports increased by 169%. As a result, the exports attained the peak of X units, and then fell markedly in the following year.

In value terms, bulldozer exports soared to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 109%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

India was the key exporting country with an export of about X units, which reached 60% of total exports. Sri Lanka (X units) held the second position in the ranking, followed by Pakistan (X units). All these countries together held near 34% share of total exports. Afghanistan (X units) and Nepal (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the bulldozers and angle dozers exports, with a CAGR of +7.2% from 2012 to 2022. At the same time, Sri Lanka (+5.8%) displayed positive paces of growth. Afghanistan experienced a relatively flat trend pattern. By contrast, Nepal (-4.0%) and Pakistan (-7.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Sri Lanka increased by +24 and +5.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest bulldozer supplier in Southern Asia, comprising 90% of total exports. The second position in the ranking was held by Pakistan ($X), with a 5.6% share of total exports. It was followed by Sri Lanka, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value in India stood at +8.2%. In the other countries, the average annual rates were as follows: Pakistan (+5.6% per year) and Sri Lanka (-4.2% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, picking up by 139% against the previous year. Overall, the export price saw a noticeable increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 178%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+14.4%), while the other leaders experienced mixed trends in the export price figures.

Bulldozer Imports

Imports in Southern Asia

In 2022, the amount of bulldozers and angle dozers imported in Southern Asia skyrocketed to X units, rising by 24% compared with 2021. In general, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 44% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, bulldozer imports soared to $X in 2022. Overall, imports posted a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 60% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

India represented the key importing country with an import of around X units, which finished at 54% of total imports. It was distantly followed by Pakistan (X units) and Bangladesh (X units), together comprising a 37% share of total imports. Sri Lanka (X units), Nepal (X units) and Afghanistan (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +10.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported bulldozers and angle dozers in Southern Asia, comprising 77% of total imports. The second position in the ranking was held by Pakistan ($X), with an 11% share of total imports. It was followed by Bangladesh, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value in India stood at +7.9%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+7.8% per year) and Bangladesh (+2.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, rising by 8.2% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bulldozer import price decreased by -3.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 34%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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