Singapore: Crawler Dozer Market 2024

Crawler Dozer Market Size in Singapore

In 2022, after two years of growth, there was significant decline in the Singaporean crawler dozer market, when its value decreased by X% to $X. Over the period under review, consumption, however, posted a significant expansion. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Crawler Dozer Production in Singapore

In value terms, crawler dozer production dropped remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X,157,700% against the previous year. Crawler dozer production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Crawler Dozer Exports

Exports from Singapore

In 2022, shipments abroad of crawler dozers decreased by X% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a deep downturn. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, crawler dozer exports expanded sharply to $X in 2022. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units), China (X units) and Indonesia (X units) were the main destinations of crawler dozer exports from Singapore, together comprising X% of total exports.

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

In value terms, the largest markets for crawler dozer exported from Singapore were Australia ($X), China ($X) and Indonesia ($X), together comprising X% of total exports. New Zealand, Hong Kong SAR, Greece and Malaysia lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 crawler dozer export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Malaysia ($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 Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Dozer Imports

Imports into Singapore

In 2022, purchases abroad of crawler 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, saw a pronounced downturn. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, crawler dozer imports soared to $X in 2022. Over the period under review, imports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X units), the UK (X units) and the United States (X units) were the main suppliers of crawler dozer imports to Singapore, with a combined X% share of total imports. Moreover, crawler dozer imports in Thailand exceeded the figures recorded by the second-largest supplier, the UK, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constituted the largest supplier of crawler dozers to Singapore, comprising X% of total imports. The second position in the ranking was taken by the UK ($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 rate of growth in terms of value from Thailand totaled 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

In 2022, the average crawler dozer import price amounted to $X per unit, flattening at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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