Southern Asia: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Southern Asia

The South Asian scrapers excavator market fell slightly to $X in 2022, standing approx. at the previous year. In general, consumption showed a deep slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Scrapers Excavator Production in Southern Asia

In value terms, scrapers excavator production shrank modestly to $X in 2022 estimated in export price. Overall, production saw a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of 8.4% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Scrapers Excavator Exports

Exports in Southern Asia

In 2022, after three years of decline, there was significant growth in overseas shipments of scrapers earth moving, excavating, extracting machinery (not self-propelled), when their volume increased by 87% to X units. Over the period under review, exports, however, saw a noticeable setback. The pace of growth was the most pronounced in 2017 when exports increased by 221% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, scrapers excavator exports shrank to $X in 2022. In general, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 214% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, amounting to X units, which was near 95% of total exports in 2022. Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to scrapers excavator exports from India stood at -4.8%. At the same time, Bangladesh (+17.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +17.6% from 2012-2022. From 2012 to 2022, the share of Bangladesh increased by +3.4 percentage points.

In value terms, India ($X) remains the largest scrapers excavator supplier in Southern Asia, comprising 91% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India totaled -10.1%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, waning by -48.4% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2014 an increase of 23%. As a result, the export price attained the peak level of $X per unit. From 2015 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 Bangladesh ($X per unit), while India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.4%).

Scrapers Excavator Imports

Imports in Southern Asia

In 2022, supplies from abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) increased by 56% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 342% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, scrapers excavator imports declined remarkably to $X in 2022. Over the period under review, imports, however, recorded a sharp contraction. The growth pace was the most rapid in 2017 with an increase of 288% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India dominates imports structure, recording X units, which was near 88% of total imports in 2022. It was distantly followed by Bangladesh (X units), mixing up a 7.1% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to scrapers excavator imports into India stood at -16.4%. At the same time, Bangladesh (+11.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +11.9% from 2012-2022. From 2012 to 2022, the share of Bangladesh increased by +6.7 percentage points.

In value terms, India ($X) constitutes the largest market for imported scrapers earth moving, excavating, extracting machinery (not self-propelled) in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 12% share of total imports.

In India, scrapers excavator imports shrank by an average annual rate of -23.7% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, declining by -53.6% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the import price increased by 12%. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, 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 Bangladesh ($X per unit), while India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (-2.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :