Eastern Asia: Crawler Tractor Market 2024

Crawler Tractor Market Size in Eastern Asia

The East Asian crawler tractor market reached $X,138.2B in 2022, flattening at the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X,374.4B. From 2019 to 2022, the growth of the market failed to regain momentum.

Crawler Tractor Production in Eastern Asia

In value terms, crawler tractor production contracted modestly to $X,021.1B in 2022 estimated in export price. Overall, production, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X,458.8B. From 2019 to 2022, production growth remained at a somewhat lower figure.

Crawler Tractor Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded growth in overseas shipments of crawler tractors, which increased by X% to X units in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, crawler tractor exports skyrocketed to $X in 2022. In general, exports, however, recorded a dramatic curtailment. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China was the key exporter of crawler tractors in Eastern Asia, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Japan (X units), mixing up a X% share of total exports.

China was also the fastest-growing in terms of the crawler tractors exports, with a CAGR of X% from 2012 to 2022. Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest crawler tractor supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with an X% share of total exports.

In China, crawler tractor exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 stood at $X per unit.

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

Crawler Tractor Imports

Imports in Eastern Asia

In 2022, overseas purchases of crawler tractors decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, crawler tractor imports reduced rapidly to $X in 2022. Over the period under review, imports faced a deep slump. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China represented the major importing country with an import of about X units, which reached X% of total imports. Hong Kong SAR (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%), Japan (X%) and South Korea (X%). Democratic People's Republic of Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the crawler tractors imports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR experienced a relatively flat trend pattern. Taiwan (Chinese) (X%), South Korea (X%), Democratic People's Republic of Korea (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.), Hong Kong SAR (X p.p.), Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, dropping by X% against the previous year. Overall, the import price continues to indicate a slight slump. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while Taiwan (Chinese) ($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 more modest paces of growth.

Source: IndexBox Platform

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