United Kingdom - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTruck Price in the UK - 2023
Contents:
- Truck Price in the UK (CIF) - 2023
- Truck Price in the UK (FOB) - 2023
- Truck Imports in the UK
- Truck Exports in the UK
Truck Price in the UK (CIF) - 2023
In May 2023, the average truck import price amounted to $42,586 per unit, flattening at the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 when the average import price increased by 9.9% against the previous month. Over the period under review, average import prices reached the maximum at $43,778 per unit in May 2022; afterwards, it flattened through to May 2023.
Average prices varied somewhat amongst the major supplying countries. In May 2023, the countries with the highest prices were Japan ($49,670 per unit) and Turkey ($48,108 per unit), while the price for France ($36,496 per unit) and Spain ($37,172 per unit) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Truck Price in the UK (FOB) - 2023
In May 2023, the average truck export price amounted to $26,056 per unit, dropping by -4.1% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 30% against the previous month. The export price peaked at $34,292 per unit in August 2022; afterwards, it flattened through to May 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($58,984 per unit), while the average price for exports to Namibia ($9,776 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Truck Imports in the UK
In 2022, the amount of trucks imported into the UK fell markedly to 211K units, reducing by -18.3% compared with the previous year's figure. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Over the period under review, imports attained the maximum at 268K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, truck imports reduced to $8.5B in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of $8.6B, and then fell slightly in the following year.
| Import of Truck in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 769 | 695 | 2,682 | 2,149 | 40.9% |
| Germany | 1,411 | 859 | 1,735 | 1,196 | -5.4% |
| France | 1,092 | 629 | 1,002 | 1,023 | -2.2% |
| Italy | 707 | 495 | 363 | 982 | 11.6% |
| South Africa | 428 | 163 | 700 | 740 | 20.0% |
| Poland | 54.8 | 81.9 | 13.4 | 726 | 136.6% |
| Spain | 1,411 | 714 | 695 | 657 | -22.5% |
| Netherlands | 1,744 | 1,198 | 771 | 327 | -42.8% |
| Japan | 0.5 | 0.1 | 6.1 | 149 | 567.9% |
| Others | 1,006 | 907 | 670 | 515 | -20.0% |
| Total | 8,622 | 5,742 | 8,638 | 8,464 | -0.6% |
Top Suppliers of Truck to the UK in 2022:
- Turkey (52.6K units)
- Italy (30.3K units)
- Germany (26.8K units)
- France (25.7K units)
- Poland (22.1K units)
- South Africa (20.8K units)
- Spain (18.7K units)
- Japan (3.8K units)
- Netherlands (1.3K units)
Truck Exports in the UK
In 2022, the amount of trucks exported from the UK surged to 55K units, jumping by 30% against 2021 figures. The total export volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, truck exports surged to $1.5B in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Truck in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 74.4 | 129 | 187 | 288 | 57.0% |
| Netherlands | 86.6 | 68.0 | 222 | 271 | 46.3% |
| Germany | 48.7 | 40.5 | 64.4 | 89.2 | 22.4% |
| Ireland | 143 | 129 | 79.3 | 70.5 | -21.0% |
| Spain | 24.2 | 32.1 | 42.4 | 62.3 | 37.1% |
| Italy | 36.7 | 20.7 | 30.7 | 61.0 | 18.5% |
| Belgium | 82.2 | 83.1 | 57.2 | 53.9 | -13.1% |
| Turkey | 6.4 | 4.7 | 12.1 | 40.5 | 85.0% |
| Namibia | 17.9 | 19.7 | 33.6 | 36.5 | 26.8% |
| Sweden | 51.6 | 25.5 | 16.8 | 18.9 | -28.5% |
| Guyana | 6.3 | 7.1 | 12.3 | 17.6 | 40.8% |
| Zimbabwe | 12.4 | 14.8 | 14.7 | 8.6 | -11.5% |
| Denmark | 13.0 | 19.0 | 9.9 | 6.9 | -19.0% |
| Others | 370 | 358 | 302 | 429 | 5.1% |
| Total | 973 | 951 | 1,084 | 1,453 | 14.3% |
Top Export Markets for Truck from the UK in 2022:
- France (15.0K units)
- Germany (4.4K units)
- Netherlands (3.6K units)
- Namibia (3.6K units)
- Spain (3.1K units)
- Italy (3.0K units)
- Turkey (2.8K units)
- Belgium (2.6K units)
- Ireland (2.0K units)
- Guyana (0.9K units)
- Zimbabwe (0.9K units)
- Sweden (0.8K units)
- Denmark (0.4K units)
This report provides an in-depth analysis of the truck market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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236
The import value of trucks surged to $1 billion in May 2023.
78
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
3322
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
813
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
236
The import value of trucks surged to $1 billion in May 2023.
78
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
3322
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
813
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
