ASEAN: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in ASEAN

In 2022, the ASEAN snow motor vehicle market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Snow Motor Vehicle Production in ASEAN

In value terms, snow motor vehicle production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Snow Motor Vehicle Exports

Exports in ASEAN

In 2022, overseas shipments of motor vehicles for travelling on snow or golf cars increased by X% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, snow motor vehicle exports skyrocketed to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam represented the main exporter of motor vehicles for travelling on snow or golf cars in ASEAN, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. Thailand (X units) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%).

Vietnam was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Thailand increased by X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest snow motor vehicle supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports.

In Vietnam, snow motor vehicle exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price posted a pronounced expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices remained at a lower figure.

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 Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Snow Motor Vehicle Imports

Imports in ASEAN

In 2022, overseas purchases of motor vehicles for travelling on snow or golf cars 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 continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, snow motor vehicle imports surged to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Thailand (X units) represented the major importer of motor vehicles for travelling on snow or golf cars, generating X% of total imports. The Philippines (X units) ranks second in terms of the total imports with a X% share, followed by Singapore (X%). Vietnam (X units), Malaysia (X units) and Indonesia (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Vietnam (X%), Indonesia (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (X p.p.), Indonesia (X p.p.), Singapore (X p.p.) and Malaysia (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) constitutes the largest market for imported motor vehicles for travelling on snow or golf cars in ASEAN, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. The level of import peaked 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 Vietnam ($X per unit), while Thailand ($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 more modest paces of growth.

Source: IndexBox Platform

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