Eastern Asia: Wheeled Loader Market 2024

Wheeled Loader Market Size in Eastern Asia

The East Asian wheeled loader market declined slightly to $X.2B in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, recorded a deep contraction. The level of consumption peaked at $X,722.9B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Wheeled Loader Production in Eastern Asia

In value terms, wheeled loader production fell slightly to $X.9B in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X,428.3B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Wheeled Loader Exports

Exports in Eastern Asia

Wheeled loader exports reached X units in 2022, increasing by X% compared with the previous year's figure. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, wheeled loader exports skyrocketed to $X in 2022. Total exports indicated a moderate 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%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, China (X units) was the main exporter of wheeled loaders, crawler shovel loaders, front-end loaders, making up X% of total exports. Japan (X units) ranks second in terms of the total exports with a X% share, followed by South Korea (X%).

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

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

Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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. In general, the export price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached 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 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.

Wheeled Loader Imports

Imports in Eastern Asia

In 2022, the amount of wheeled loaders, crawler shovel loaders, front-end loaders imported in Eastern Asia rose remarkably to X units, surging by X% compared with 2021. Total imports indicated a buoyant expansion from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, wheeled loader imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Japan was the key importing country with an import of about X units, which finished at X% of total imports. It was distantly followed by South Korea (X units), China (X units) and Taiwan (Chinese) (X units), together creating a X% share of total imports. The following importers - Democratic People's Republic of Korea (X units) and Hong Kong SAR (X units) - each reached 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, Japan ($X), South Korea ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Japan, with a CAGR of X%, saw the highest growth rate of 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 Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a noticeable descent. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Japan ($X per unit) and South Korea ($X per unit), while Democratic People's Republic of Korea ($X per unit) and Hong Kong SAR ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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