Eastern Asia: Bulldozer Market 2024

Bulldozer Market Size in Eastern Asia

In 2022, the East Asian bulldozer market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a abrupt contraction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Bulldozer Production in Eastern Asia

In value terms, bulldozer production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bulldozer Exports

Exports in Eastern Asia

In 2022, overseas shipments of bulldozers and angle dozers increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, bulldozer exports surged to $X in 2022. Over the period under review, exports recorded a mild increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The shipments of the two major exporters of bulldozers and angle dozers, namely Japan and China, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%).

In value terms, Japan ($X) and China ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, waning by X% against the previous year. Overall, the export price recorded a mild shrinkage. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Bulldozer Imports

Imports in Eastern Asia

For the third year in a row, Eastern Asia recorded decline in supplies from abroad of bulldozers and angle dozers, which decreased by X% to X units in 2022. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bulldozer imports contracted to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Japan (X units) was the largest importer of bulldozers and angle dozers, generating X% of total imports. China (X units) ranks second in terms of the total imports with a X% share, followed by Hong Kong SAR (X%), South Korea (X%) and Democratic People's Republic of Korea (X%). Taiwan (Chinese) (X units) took a little share of total imports.

Japan was also the fastest-growing in terms of the bulldozers and angle dozers imports, with a CAGR of X% from 2012 to 2022. At the same time, Democratic People's Republic of Korea (X%) displayed positive paces of growth. Hong Kong SAR experienced a relatively flat trend pattern. By contrast, South Korea (X%), Taiwan (Chinese) (X%) and China (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), Hong Kong SAR (X p.p.), Democratic People's Republic of Korea (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported bulldozers and angle dozers in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Import price indicated moderate growth 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, bulldozer import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Democratic People's Republic of Korea ($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 more modest paces of growth.

Source: IndexBox Platform

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