Southern Asia: Crawler Tractor Market 2025

Crawler Tractor Market Size in Southern Asia

In 2021, the South Asian crawler tractor market decreased by -13.9% to $X, falling for the sixth consecutive year after two years of growth. Overall, consumption recorded a pronounced reduction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Crawler Tractor Production in Southern Asia

In value terms, crawler tractor production expanded to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -35.4% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 49%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Crawler Tractor Exports

Exports in Southern Asia

In 2021, overseas shipments of crawler tractors increased by 42% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 1,099%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, crawler tractor exports skyrocketed to $X in 2021. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 1,516%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of crawler tractors, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the crawler tractors exports, with a CAGR of +31.2% from 2012 to 2021. While the share of India (+4.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest crawler tractor supplier in Southern Asia.

In India, crawler tractor exports increased at an average annual rate of +33.7% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, falling by -3.9% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 35%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +2.0% per year.

Crawler Tractor Imports

Imports in Southern Asia

In 2021, supplies from abroad of crawler tractors decreased by -37.7% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 339% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, crawler tractor imports fell dramatically to $X in 2021. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 202%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Nepal (X units) and India (X units) dominates imports structure, together constituting 75% of total imports. Afghanistan (X units) held the next position in the ranking, followed by Sri Lanka (X units) and Pakistan (X units). All these countries together took near 20% share of total imports. The following importers - Bangladesh (X units) and Maldives (X units) - each reached a 4% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +5.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nepal ($X) constitutes the largest market for imported crawler tractors in Southern Asia, comprising 66% of total imports. The second position in the ranking was held by Afghanistan ($X), with a 17% share of total imports. It was followed by India, with a 9.4% share.

In Nepal, crawler tractor imports shrank by an average annual rate of -5.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Afghanistan (-23.3% per year) and India (+24.3% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, growing by 22% against the previous year. Overall, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2014 when the import price increased by 33% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+19.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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