Asia-Pacific: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Asia-Pacific

The Asia-Pacific off-highway dumper market contracted to $X,442.3B in 2022, shrinking by X% against the previous year. Overall, consumption showed buoyant growth. As a result, consumption reached the peak level of $X,860.6B. From 2020 to 2022, the growth of the market failed to regain momentum.

Off-Highway Dumper Production in Asia-Pacific

In value terms, off-highway dumper production declined modestly to $X,404.7B in 2022 estimated in export price. Over the period under review, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X,558.4B. From 2020 to 2022, production growth remained at a lower figure.

Off-Highway Dumper Exports

Exports in Asia-Pacific

In 2022, overseas shipments of dumpers for off-highway use increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a modest expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, off-highway dumper exports surged to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

China (X units) and Japan (X units) represented roughly X% of total exports in 2022. Thailand (X units) ranks next in terms of the total exports with a X% share, followed by India (X%). The following exporters - Singapore (X units) and Australia (X units) - each amounted to a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest off-highway dumper supplying countries in Asia-Pacific were China ($X), Japan ($X) and India ($X), with a combined X% share of total exports. Thailand, Singapore and Australia lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price, however, showed a mild reduction. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 India ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Off-Highway Dumper Imports

Imports in Asia-Pacific

In 2022, overseas purchases of dumpers for off-highway use increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, off-highway dumper imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a deep downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia dominates imports structure, amounting to X units, which was near X% of total imports in 2022. Malaysia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (X%) and Australia (X%). The following importers - Pakistan (X units), Singapore (X units) and Papua New Guinea (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to off-highway dumper imports into Indonesia stood at X%. At the same time, Malaysia (X%), Pakistan (X%), Singapore (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Australia (X%) and Papua New Guinea (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Indonesia (X p.p.), the Philippines (X p.p.) and Pakistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Papua New Guinea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Australia ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Malaysia, Singapore, Pakistan and Papua New Guinea lagged somewhat behind, together comprising a further X%.

Pakistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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