Asia: Wheeled Loader Market 2024

Wheeled Loader Market Size in Asia

The Asian wheeled loader market declined modestly to $X.6B in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption showed a deep contraction. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. The level of consumption peaked at $X,890.5B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Wheeled Loader Production in Asia

In value terms, wheeled loader production declined modestly to $X.7B in 2022 estimated in export price. Overall, production continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X,067.4B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Wheeled Loader Exports

Exports in Asia

In 2022, shipments abroad of wheeled loaders, crawler shovel loaders, front-end loaders increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, wheeled loader exports soared to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China was the largest exporter of wheeled loaders, crawler shovel loaders, front-end loaders in Asia, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. Japan (X units) took the second position in the ranking, distantly followed by South Korea (X units). All these countries together held near X% share of total exports. India (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

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

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. India and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, India, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Wheeled Loader Imports

Imports in Asia

In 2022, the amount of wheeled loaders, crawler shovel loaders, front-end loaders imported in Asia rose significantly to X units, surging by X% compared with the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, wheeled loader imports totaled $X in 2022. Over the period under review, imports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Philippines (X units), Thailand (X units), Kazakhstan (X units), Indonesia (X units), the United Arab Emirates (X units), Saudi Arabia (X units), Japan (X units), Israel (X units), India (X units), Turkey (X units), Vietnam (X units) and South Korea (X units) represented roughly X% of total imports in 2022. Iraq (X units) held a relatively small share of total imports.

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

In value terms, Turkey ($X), Indonesia ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Saudi Arabia, Japan, Kazakhstan, India, Israel, Thailand, South Korea, Vietnam, the Philippines and Iraq lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, India, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, showed a mild descent. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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