Eastern Asia: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in Eastern Asia

The East Asian full-rotation excavator market reduced to $X,781.5B in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X,255.3B in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Full-Rotation Excavator Production in Eastern Asia

In value terms, full-rotation excavator production contracted slightly to $X,686.7B in 2022 estimated in export price. Overall, production, however, showed a slight reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X,832.5B in 2014; however, from 2015 to 2022, production remained at a lower figure.

Full-Rotation Excavator Exports

Exports in Eastern Asia

In 2022, shipments abroad of self-propelled full-rotation excavators and bulldozers increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, full-rotation excavator exports skyrocketed to $X in 2022. Over the period under review, exports showed a moderate expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Japan (X units) and China (X units) represented the largest exporters of self-propelled full-rotation excavators and bulldozers in Eastern Asia, together constituting X% of total exports. It was distantly followed by South Korea (X units), comprising a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest full-rotation excavator supplying countries in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), together accounting for X% of total exports.

Among the main exporting countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, showed a perceptible decline. The pace of growth was the most pronounced in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

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

Full-Rotation Excavator Imports

Imports in Eastern Asia

In 2022, overseas purchases of self-propelled full-rotation excavators and bulldozers decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, full-rotation excavator imports declined rapidly to $X in 2022. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), Hong Kong SAR (X units), China (X units) and South Korea (X units) represented roughly X% of total imports in 2022. It was distantly followed by Japan (X units), making up a X% share of total imports.

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

In value terms, Taiwan (Chinese) ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Hong Kong SAR and Japan lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Eastern Asia amounted to $X per unit, leveling off at the previous year. Overall, the import price saw a perceptible reduction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, 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 China ($X per unit), while Hong Kong SAR ($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 a decline in the import price figures.

Source: IndexBox Platform

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