ASEAN: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in ASEAN

The ASEAN transportation vehicle body market contracted to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, continues to indicate a prominent increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Transportation Vehicle Body Production in ASEAN

In value terms, transportation vehicle body production dropped to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in overseas shipments of bodies for motor vehicles for the transporting people, when their volume decreased by X% to X units. In general, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, transportation vehicle body exports expanded modestly to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand was the major exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Malaysia (X units), creating a X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Malaysia (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest transportation vehicle body supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total exports.

In Thailand, transportation vehicle body exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price posted a prominent expansion. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Transportation Vehicle Body Imports

Imports in ASEAN

In 2022, overseas purchases of bodies for motor vehicles for the transporting people increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, transportation vehicle body imports fell to $X in 2022. Overall, imports posted a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Malaysia (X units) and Myanmar (X units) prevails in imports structure, together committing X% of total imports. The Philippines (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%).

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest transportation vehicle body importing markets in ASEAN were Malaysia ($X), Thailand ($X) and the Philippines ($X), with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 ASEAN stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 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 2022, 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 Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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