Singapore: Bulldozer Market 2024

Bulldozer Market Size in Singapore

The Singaporean bulldozer market expanded rapidly to $X in 2022, growing by X% against the previous year. Over the period under review, consumption saw resilient growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Bulldozer Production in Singapore

In value terms, bulldozer production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Bulldozer production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Bulldozer Exports

Exports from Singapore

In 2022, overseas shipments of bulldozers and angle dozers decreased by X% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a drastic downturn. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bulldozer exports declined to $X in 2022. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units), China (X units) and Myanmar (X units) were the main destinations of bulldozer exports from Singapore, together accounting for X% of total exports.

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

In value terms, Australia ($X), China ($X) and Myanmar ($X) constituted the largest markets for bulldozer exported from Singapore worldwide, together comprising X% of total exports. Indonesia, Colombia, Malaysia, the Philippines and Papua New Guinea lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bulldozer export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

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

Bulldozer Imports

Imports into Singapore

In 2022, supplies from abroad of bulldozers and angle dozers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, bulldozer imports expanded markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2016 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, Thailand (X units) constituted the largest supplier of bulldozer to Singapore, accounting for a X% share of total imports. Moreover, bulldozer imports from Thailand exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of bulldozers and angle dozers to Singapore, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and the United States (X% per year).

Import Prices by Country

The average bulldozer import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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