China: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in China

The Chinese off-highway dumper market contracted slightly to $X.3B in 2022, falling by X% against the previous year. Overall, consumption posted strong growth. As a result, consumption attained the peak level of $X.9B. From 2020 to 2022, the growth of the market failed to regain momentum.

Off-Highway Dumper Production in China

In value terms, off-highway dumper production contracted modestly to $X.3B in 2022 estimated in export price. Over the period under review, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X.6B. From 2020 to 2022, production growth failed to regain momentum.

Off-Highway Dumper Exports

Exports from China

In 2022, the amount of dumpers for off-highway use exported from China was estimated at X units, picking up by X% against 2021 figures. Over the period under review, exports showed a mild expansion. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, off-highway dumper exports soared to $X in 2022. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X units), Brazil (X units) and Russia (X units) were the main destinations of off-highway dumper exports from China, together accounting for X% of total exports. Vietnam, Malaysia, Democratic Republic of the Congo, Pakistan, South Africa, Peru, Zambia, Kazakhstan, India and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

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

In value terms, Indonesia ($X), Russia ($X) and Democratic Republic of the Congo ($X) constituted the largest markets for off-highway dumper exported from China worldwide, with a combined X% share of total exports.

Democratic Republic of the Congo, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average off-highway dumper export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price 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, off-highway dumper export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Peru ($X 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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into China

In 2022, after two years of growth, there was significant decline in overseas purchases of dumpers for off-highway use, when their volume decreased by X% to X units. Over the period under review, imports saw a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, off-highway dumper imports reduced dramatically to $X in 2022. Overall, imports saw a dramatic curtailment. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X units) constituted the largest off-highway dumper supplier to China, with a X% share of total imports. Moreover, off-highway dumper imports from India exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was taken by Sweden (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Sweden (X% per year).

In value terms, India ($X) constituted the largest supplier of dumpers for off-highway use to China, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by Finland, with an X% share.

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Finland (X% per year).

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Finland ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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