South-Eastern Asia: Wheeled Loader Market 2024

Wheeled Loader Market Size in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in the Southeast Asian wheeled loader market, when its value decreased by X% to $X. In general, consumption saw a mild slump. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Wheeled Loader Production in South-Eastern Asia

In value terms, wheeled loader production declined sharply to $X in 2023 estimated in export price. Over the period under review, production saw a deep downturn. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Wheeled Loader Exports

Exports in South-Eastern Asia

Wheeled loader exports reduced remarkably to X units in 2023, with a decrease of X% compared with the year before. Overall, exports showed a mild decrease. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, wheeled loader exports fell sharply to $X in 2023. In general, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then declined significantly in the following year.

Exports by Country

In 2023, Singapore (X units) represented the major exporter of wheeled loaders, crawler shovel loaders, front-end loaders, achieving X% of total exports. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by Vietnam (X%). Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest wheeled loader supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Thailand, wheeled loader exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2023, falling by X% against the previous year. Overall, the export price, however, recorded strong growth. The growth pace was the most rapid in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2021; however, from 2022 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 ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Wheeled Loader Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of wheeled loaders, crawler shovel loaders, front-end loaders decreased by X% to X units in 2023. Over the period under review, imports, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, wheeled loader imports declined to $X in 2023. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, the Philippines (X units), Indonesia (X units) and Thailand (X units) was the major importer of wheeled loaders, crawler shovel loaders, front-end loaders in South-Eastern Asia, creating X% of total import. Vietnam (X units) ranks next in terms of the total imports with a X% share, followed by Malaysia (X%) and Singapore (X%). Cambodia (X units) followed a long way behind the leaders.

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

In value terms, Indonesia ($X) constitutes the largest market for imported wheeled loaders, crawler shovel loaders, front-end loaders in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Indonesia, wheeled loader imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Vietnam (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, surging by X% against the previous year. Overall, the import price, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform