South-Eastern Asia: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in South-Eastern Asia

The Southeast Asian self-propelled excavating machinery market contracted to $X in 2023, with a decrease of X% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Self-Propelled Excavating Machinery Production in South-Eastern Asia

In value terms, self-propelled excavating machinery production shrank to $X in 2023 estimated in export price. Over the period under review, production saw a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in South-Eastern Asia

After two years of decline, overseas shipments of self-propelled earth moving, excavating machinery decreased by X% to X units in 2023. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, self-propelled excavating machinery exports contracted rapidly to $X in 2023. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Singapore (X units), Vietnam (X units), Malaysia (X units) and Thailand (X units) represented roughly X% of total exports in 2023. The Philippines (X units) and Brunei Darussalam (X units) took a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X) remains the largest self-propelled excavating machinery supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Singapore totaled X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, which is down by X% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (X%), while the other leaders experienced more modest paces of growth.

Self-Propelled Excavating Machinery Imports

Imports in South-Eastern Asia

In 2023, supplies from abroad of self-propelled earth moving, excavating machinery increased by X% to X units, rising for the third consecutive year after two years of decline. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, self-propelled excavating machinery imports declined to $X in 2023. Overall, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Thailand was the largest importing country with an import of around X units, which finished at X% of total imports. It was distantly followed by Indonesia (X units), Malaysia (X units) and Vietnam (X units), together mixing up a X% share of total imports. Lao People's Democratic Republic (X units), the Philippines (X units) and Singapore (X units) held a little share of total imports.

Thailand was also the fastest-growing in terms of the self-propelled earth moving, excavating machinery imports, with a CAGR of X% from 2012 to 2023. At the same time, Lao People's Democratic Republic (X%) and the Philippines (X%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. By contrast, Vietnam (X%), Indonesia (X%) and Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Lao People's Democratic Republic (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Singapore and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported self-propelled earth moving, excavating machinery in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Indonesia, self-propelled excavating machinery imports shrank by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2023, waning by X% against the previous year. Overall, the import price showed a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, 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 Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform