Vietnam: Crawler Dozer Market 2024

Crawler Dozer Market Size in Vietnam

The Vietnamese crawler dozer market declined rapidly to $X in 2022, with a decrease of -18.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a slight decrease. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Crawler Dozer Exports

Exports from Vietnam

Crawler dozer exports from Vietnam skyrocketed to X units in 2022, picking up by 40% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2019 when exports increased by 171% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, crawler dozer exports skyrocketed to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 990% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X units) was the main destination for crawler dozer exports from Vietnam, with a 64% share of total exports. Moreover, crawler dozer exports to Cambodia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+7.2% per year) and the Philippines (0.0% per year).

In value terms, Cambodia ($X) emerged as the key foreign market for crawler dozers exports from Vietnam, comprising 68% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+4.3% per year) and the Philippines (-11.3% per year).

Export Prices by Country

The average crawler dozer export price stood at $X per unit in 2022, with an increase of 34% against the previous year. Overall, the export price recorded a modest expansion. The pace of growth appeared the most rapid in 2017 an increase of 445% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (-2.1%), while the prices for the other major destinations experienced a decline.

Crawler Dozer Imports

Imports into Vietnam

After two years of growth, supplies from abroad of crawler dozers decreased by -15% to X units in 2022. Overall, imports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2018 when imports increased by 159%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, crawler dozer imports reduced to $X in 2022. In general, imports showed a slight downturn. The most prominent rate of growth was recorded in 2015 with an increase of 51% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of crawler dozer to Vietnam, accounting for a 66% share of total imports. Moreover, crawler dozer imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was held by Brazil (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.9% per year) and Brazil (+6.4% per year).

In value terms, Japan ($X) constituted the largest supplier of crawler dozers to Vietnam, comprising 67% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports. It was followed by Brazil, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.0% per year) and Brazil (+6.1% per year).

Import Prices by Country

The average crawler dozer import price stood at $X per unit in 2022, remaining constant against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 165%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and Japan ($X per unit), while the price for China ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+49.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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