Report Update: May 1, 2024

China - Self-Propelled Earth Moving, Excavating Machinery - Market Analysis, Forecast, Size, Trends And Insights

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Self-Propelled Excavating Machinery Price in China - 2023

Self-Propelled Excavating Machinery Price in China (FOB) - 2022

In 2022, the average self-propelled excavating machinery export price amounted to $54,168 per unit, waning by -6.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 18%. Over the period under review, the average export prices attained the peak figure at $67,867 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($147,924 per unit), while the average price for exports to Fiji ($758 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 Nepal (+15.7%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Excavating Machinery Price in China (CIF) - 2022

The average self-propelled excavating machinery import price stood at $418,910 per unit in 2022, increasing by 141% against the previous year. In general, the import price enjoyed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($927,123 per unit), while the price for Poland ($30,809 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Self-Propelled Excavating Machinery Exports in China

After two years of decline, overseas shipments of self-propelled earth moving, excavating machinery increased by 55% to 6.4K units in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, self-propelled excavating machinery exports surged to $347M in 2022. Over the period under review, total exports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Self-Propelled Excavating Machinery in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	31.3	22.9	14.4	43.0	11.2%
Russia	68.1	40.4	27.3	39.0	-17.0%
India	17.7	13.2	24.6	33.8	24.1%
South Africa	14.2	4.0	8.8	19.3	10.8%
Indonesia	14.2	6.2	7.4	13.3	-2.2%
Egypt	1.1	2.3	3.4	7.1	86.2%
Kazakhstan	10.9	3.6	4.6	3.4	-32.2%
Guyana	N/A	N/A	0.3	3.1	933.3%
Nepal	0.4	0.9	1.0	2.0	71.0%
Liberia	0.6	2.5	N/A	1.3	29.4%
Guatemala	0.1	0.1	0.1	0.8	100.0%
Fiji	N/A	N/A	N/A	0.3	0%
Benin	N/A	N/A	N/A	0.3	0%
Others	154	114	147	180	5.3%
Total	313	210	239	347	3.5%

Top Export Markets for Self-Propelled Excavating Machinery from China in 2022:

Belgium (870.0 units)
Guyana (481.0 units)
India (439.0 units)
Indonesia (405.0 units)
Fiji (398.0 units)
Egypt (350.0 units)
Russia (269.0 units)
Liberia (243.0 units)
Benin (208.0 units)
Guatemala (181.0 units)
South Africa (130.0 units)
Nepal (127.0 units)
Kazakhstan (124.0 units)

Self-Propelled Excavating Machinery Imports in China

In 2022, supplies from abroad of self-propelled earth moving, excavating machinery decreased by -85.6% to 124 units, falling for the second year in a row after two years of growth. Overall, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2020 with an increase of 68%. As a result, imports attained the peak of 1.2K units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled excavating machinery imports shrank rapidly to $52M in 2022. Over the period under review, imports recorded a dramatic decline. The pace of growth was the most pronounced in 2020 when imports increased by 83%. As a result, imports reached the peak of $192M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Self-Propelled Excavating Machinery in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Sweden	6.0	11.0	20.1	38.2	85.3%
South Korea	82.2	165	116	5.1	-60.4%
United States	1.0	5.5	1.7	3.7	54.7%
Japan	0.3	0.6	0.8	2.2	94.3%
South Africa	N/A	N/A	N/A	1.8	0%
Poland	0.2	N/A	0.2	0.1	-20.6%
Canada	0.5	N/A	0.2	N/A	-36.8%
Others	14.7	9.7	10.8	0.7	-63.8%
Total	105	192	149	51.9	-20.9%

Top Suppliers of Self-Propelled Excavating Machinery to China in 2022:

Sweden (60.0 units)
South Korea (31.0 units)
Japan (21.0 units)
United States (4.0 units)
Poland (3.0 units)
South Africa (2.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the self-propelled excavating machinery market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28922750 - Self-propelled earth moving, excavating... machinery, n.e.c.

Country coverage:

China

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023