Southern Asia: Crawler Dozer Market 2024

Crawler Dozer Market Size in Southern Asia

The South Asian crawler dozer market contracted dramatically to $X in 2022, declining by -44.9% against the previous year. In general, consumption continues to indicate a mild descent. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Crawler Dozer Production in Southern Asia

In value terms, crawler dozer production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Crawler Dozer Exports

Exports in Southern Asia

In 2022, approx. X units of crawler dozers were exported in Southern Asia; shrinking by -40.3% compared with the year before. Over the period under review, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 250%. As a result, the exports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, crawler dozer exports surged to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India prevails in exports structure, resulting at X units, which was approx. 87% of total exports in 2022. It was distantly followed by Afghanistan (X units), committing a 5.6% share of total exports. Pakistan (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the crawler dozers exports, with a CAGR of +10.4% from 2012 to 2022. Pakistan and Afghanistan experienced a relatively flat trend pattern. From 2012 to 2022, the share of India increased by +30 percentage points.

In value terms, India ($X) remains the largest crawler dozer supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 1.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +10.0%. In the other countries, the average annual rates were as follows: Pakistan (+6.1% per year) and Afghanistan (-2.3% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, jumping by 409% against the previous year. Overall, the export price saw a tangible expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Pakistan (+6.1%), while the other leaders experienced a decline in the export price figures.

Crawler Dozer Imports

Imports in Southern Asia

Crawler dozer imports expanded markedly to X units in 2022, surging by 9.9% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 62%. 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, crawler dozer imports expanded sharply to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 85% 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

Pakistan (X units) and India (X units) represented roughly 72% of total imports in 2022. Bangladesh (X units) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (6.8%). The following importers - Nepal (X units) and Afghanistan (X units) - each reached a 4.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Nepal (with a CAGR of +4.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported crawler dozers in Southern Asia, comprising 56% of total imports. The second position in the ranking was held by Pakistan ($X), with a 22% share of total imports. It was followed by Bangladesh, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+6.3% per year) and Bangladesh (+0.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, surging by 2.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 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 India ($X per unit), while Sri Lanka ($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 (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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