China: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in China

The Chinese off-highway dumper market stood at $X in 2023, increasing by X% against the previous year. Overall, consumption, however, showed a resilient expansion. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Off-Highway Dumper Production in China

In value terms, off-highway dumper production expanded rapidly to $X in 2023 estimated in export price. In general, production continues to indicate a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Off-Highway Dumper Exports

Exports from China

Off-highway dumper exports from China surged to X units in 2023, with an increase of X% on 2022 figures. Over the period under review, exports showed a mild expansion. The pace of growth appeared the most rapid in 2021 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 immediate term.

In value terms, off-highway dumper exports soared to $X in 2023. In general, exports saw a buoyant expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in years to come.

Exports by Country

Indonesia (X units), Russia (X units) and Liberia (X units) were the main destinations of off-highway dumper exports from China, together comprising X% of total exports. Mongolia, Australia, Malaysia, Oman, Lao People's Democratic Republic, Peru, South Africa, Zambia, Myanmar and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Indonesia ($X) and Mongolia ($X) appeared to be the largest markets for off-highway dumper exported from China worldwide, together comprising X% of total exports. South Africa, Saudi Arabia, Lao People's Democratic Republic, Malaysia, Zambia, Peru, Myanmar, Australia, Liberia and Oman lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average off-highway dumper export price stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the export price, however, showed prominent growth. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then fell in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Oman ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into China

In 2023, purchases abroad of dumpers for off-highway use decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, off-highway dumper imports declined sharply to $X in 2023. In general, imports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Japan (X units) constituted the largest supplier of off-highway dumper to China, accounting for a X% share of total imports. Moreover, off-highway dumper imports from Japan exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Thailand (X% per year).

In value terms, Japan ($X), Thailand ($X) and Sweden ($X) were the largest off-highway dumper suppliers to China, with a combined X% share of total imports.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price, however, saw a abrupt setback. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform