Asia-Pacific: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Asia-Pacific

The Asia-Pacific self-propelled excavating machinery market shrank to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a pronounced decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Self-Propelled Excavating Machinery Production in Asia-Pacific

In value terms, self-propelled excavating machinery production totaled $X in 2023 estimated in export price. Overall, production recorded a perceptible decline. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Self-Propelled Excavating Machinery Exports

Exports in Asia-Pacific

In 2023, overseas shipments of self-propelled earth moving, excavating machinery increased by X% to X units, rising for the seventh consecutive year after four years of decline. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, self-propelled excavating machinery exports surged to $X in 2023. Over the period under review, exports, however, showed a mild slump. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, recording X units, which was approx. X% of total exports in 2023. It was distantly followed by South Korea (X units), constituting an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to self-propelled excavating machinery exports from China stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of China and South Korea increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, declining by X% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Self-Propelled Excavating Machinery Imports

Imports in Asia-Pacific

In 2023, purchases abroad of self-propelled earth moving, excavating machinery was finally on the rise to reach X units for the first time since 2018, thus ending a four-year declining trend. In general, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 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 dropped to $X in 2023. Overall, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Thailand (X units) and India (X units) represented the main importers of self-propelled earth moving, excavating machinery in Asia-Pacific, together reaching near X% of total imports. Australia (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%) and China (X%). Fiji (X units), Malaysia (X units), New Zealand (X units), Vietnam (X units) and Lao People's Democratic Republic (X units) took a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Australia ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Indonesia, Malaysia, Thailand, New Zealand, Lao People's Democratic Republic, Fiji and Vietnam lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Asia-Pacific stood at $X per unit in 2023, shrinking by X% against the previous year. Over the period under review, the import price showed a perceptible descent. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform