Asia-Pacific: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Asia-Pacific

The Asia-Pacific full-rotation excavator market shrank modestly to $X,031.9B in 2022, declining by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X,632B in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Full-Rotation Excavator Production in Asia-Pacific

In value terms, full-rotation excavator production fell modestly to $X,195.6B in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X,439.3B in 2014; however, from 2015 to 2022, production remained at a lower figure.

Full-Rotation Excavator Exports

Exports in Asia-Pacific

In 2022, shipments abroad of self-propelled full-rotation excavators and bulldozers increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, full-rotation excavator exports soared to $X in 2022. Overall, exports recorded a tangible increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Japan (X units) and China (X units) represented the key exporters of self-propelled full-rotation excavators and bulldozers in Asia-Pacific, together achieving X% of total exports. It was distantly followed by South Korea (X units), constituting a X% share of total exports. The following exporters - Indonesia (X units) and Thailand (X units) - each amounted to a X% share of total exports.

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

In value terms, the largest full-rotation excavator supplying countries in Asia-Pacific were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while China ($X per unit) was amongst the lowest.

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

Full-Rotation Excavator Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of self-propelled full-rotation excavators and bulldozers increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, full-rotation excavator imports surged to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Indonesia (X units), Australia (X units), the Philippines (X units) and Thailand (X units) represented the largest importer of self-propelled full-rotation excavators and bulldozers in Asia-Pacific, making up X% of total import. It was distantly followed by Malaysia (X units), constituting a X% share of total imports. New Zealand (X units), India (X units), Vietnam (X units), Taiwan (Chinese) (X units), Singapore (X units), Bangladesh (X units), Hong Kong SAR (X units) and China (X units) followed a long way behind the leaders.

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

In value terms, Indonesia ($X), Australia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Malaysia, the Philippines, Singapore, India, New Zealand, Vietnam, Taiwan (Chinese), China, Hong Kong SAR and Bangladesh lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, which is down by X% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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