Asia: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Asia

The Asian pedestrian-controlled tractor market totaled $X.3B in 2022, almost unchanged from the previous year. In general, consumption, however, showed a slight curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X.6B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pedestrian-Controlled Tractor Production in Asia

In value terms, pedestrian-controlled tractor production reached $X.9B in 2022 estimated in export price. Overall, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X.8B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Pedestrian-Controlled Tractor Exports

Exports in Asia

After three years of growth, overseas shipments of pedestrian-controlled tractors decreased by X% to X units in 2022. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X units in 2021, and then fell in the following year.

In value terms, pedestrian-controlled tractor exports declined to $X in 2022. Over the period under review, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand (X units) and China (X units) dominates exports structure, together making up X% of total exports. It was distantly followed by Kuwait (X units), constituting 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 Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pedestrian-controlled tractor supplying countries in Asia were China ($X), Thailand ($X) and Kuwait ($X), with a combined X% share of total exports.

Kuwait, 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat 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 China ($X per unit), while Kuwait ($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 a decline in the export price figures.

Pedestrian-Controlled Tractor Imports

Imports in Asia

In 2022, approx. X units of pedestrian-controlled tractors were imported in Asia; rising by X% on the previous year. Total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, pedestrian-controlled tractor imports declined slightly to $X in 2022. Over the period under review, imports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Bangladesh (X units) and Cambodia (X units) were the main importers of pedestrian-controlled tractors in Asia, together resulting at approx. X% of total imports. It was distantly followed by Lao People's Democratic Republic (X units), mixing up a X% share of total imports. The following importers - Myanmar (X units), Nepal (X units), Kuwait (X units), Iran (X units), the United Arab Emirates (X units), Turkey (X units) and Vietnam (X units) - together made up X% of total imports.

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

In value terms, the largest pedestrian-controlled tractor importing markets in Asia were Bangladesh ($X), Cambodia ($X) and Myanmar ($X), with a combined X% share of total imports. Nepal, Lao People's Democratic Republic, Kuwait, Vietnam, Iran, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to 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 stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the 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 Myanmar ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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