Vietnam: Self-Propelled Bulldozer Market 2025

Self-Propelled Bulldozer Market Size in Vietnam

In 2021, the Vietnamese self-propelled bulldozer market was finally on the rise to reach $X after four years of decline. Over the period under review, consumption, however, continues to indicate significant growth. Self-propelled bulldozer consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Bulldozer Exports

Exports from Vietnam

Self-propelled bulldozer exports from Vietnam reduced to X units in 2021, declining by -2% on the year before. Overall, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 325%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, self-propelled bulldozer exports rose notably to $X in 2021. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 447%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Bangladesh (X units), Canada (X units) and Lao People's Democratic Republic (X units) were the main destinations of self-propelled bulldozer exports from Vietnam, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +267.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Canada ($X) and Lao People's Democratic Republic ($X) appeared to be the largest markets for self-propelled bulldozer exported from Vietnam worldwide, together comprising 76% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +92.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average self-propelled bulldozer export price amounted to $X per unit, increasing by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 29% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($X per unit) and Cambodia ($X per unit), while the average price for exports to Mozambique ($X per unit) and Bangladesh ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports into Vietnam

In 2021, overseas purchases of self-propelled bulldozers and excavators decreased by -4% to X units, falling for the fifth year in a row after three years of growth. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 2,631%. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer imports expanded notably to $X in 2021. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 3,831%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest self-propelled bulldozer supplier to Vietnam, accounting for a 67% share of total imports. Moreover, self-propelled bulldozer imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. The third position in this ranking was taken by China (X units), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+40.9% per year) and China (+43.4% per year).

In value terms, Japan ($X) constituted the largest supplier of self-propelled bulldozers and excavators to Vietnam, comprising 67% of total imports. The second position in the ranking was held by South Korea ($X), with an 18% share of total imports. It was followed by China, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +46.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+43.2% per year) and China (+45.1% per year).

Import Prices by Country

The average self-propelled bulldozer import price stood at $X per unit in 2021, increasing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2014 an increase of 44% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Thailand ($X per unit) and South Korea ($X per unit), while the price for the United States ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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