Vietnam: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Vietnam

The Vietnamese wheeled dozer market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, saw a pronounced contraction. Wheeled dozer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wheeled Dozer Production in Vietnam

In value terms, wheeled dozer production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 85,872,000% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Wheeled Dozer Exports

Exports from Vietnam

In 2022, overseas shipments of wheeled dozers decreased by 0% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a mild contraction. The pace of growth appeared the most rapid in 2017 with an increase of 225%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, wheeled dozer exports reduced markedly to $X in 2022. In general, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 12,543% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Philippines (X units), Lao People's Democratic Republic (X units) and Myanmar (X units) were the main destinations of wheeled dozer exports from Vietnam, with a combined 38% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X), Malaysia ($X) and Singapore ($X) constituted the largest markets for wheeled dozer exported from Vietnam worldwide, with a combined 83% share of total exports.

Lao People's Democratic Republic, with a CAGR of -21.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average wheeled dozer export price stood at $X per unit in 2022, declining by -20.1% against the previous year. Over the period under review, the export price showed a precipitous decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 3,790% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to the United States ($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 Lao People's Democratic Republic (-21.6%), while the prices for the other major destinations experienced a decline.

Wheeled Dozer Imports

Imports into Vietnam

In 2022, purchases abroad of wheeled dozers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 81%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wheeled dozer imports soared to $X in 2022. Overall, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 854% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of wheeled dozer to Vietnam, accounting for a 22% share of total imports. Moreover, wheeled dozer imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. The third position in this ranking was held by Indonesia (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.6% per year) and Indonesia (+7.2% per year).

In value terms, the United States ($X) constituted the largest supplier of wheeled dozers to Vietnam, comprising 33% of total imports. The second position in the ranking was held by Indonesia ($X), with a 7.6% share of total imports. It was followed by New Zealand, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+2.2% per year) and New Zealand (+17.0% per year).

Import Prices by Country

In 2022, the average wheeled dozer import price amounted to $X per unit, with an increase of 23% against the previous year. Overall, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average import price increased by 427% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+38.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :