ASEAN: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in ASEAN

The ASEAN non-propelled vehicle market dropped sharply to $X in 2022, reducing by X% against the previous year. Overall, consumption recorded a perceptible curtailment. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Non-Propelled Vehicle Production in ASEAN

In value terms, non-propelled vehicle production totaled $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Propelled Vehicle Exports

Exports in ASEAN

In 2022, exports of vehicles not mechanically propelled in ASEAN soared to X units, growing by X% against 2021. In general, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, non-propelled vehicle exports soared to $X in 2022. Over the period under review, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Vietnam (X units) represented the largest exporter of vehicles not mechanically propelled, making up X% of total exports. Thailand (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%) and Malaysia (X%). The following exporters - the Philippines (X units) and Cambodia (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-propelled vehicle supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), together comprising X% of total exports. Singapore, Cambodia and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Thailand ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Non-Propelled Vehicle Imports

Imports in ASEAN

In 2022, the amount of vehicles not mechanically propelled imported in ASEAN reduced to X units, dropping by X% compared with 2021 figures. Total imports indicated a buoyant increase from 2012 to 2022: its volume 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%. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, non-propelled vehicle imports dropped to $X in 2022. Total imports indicated buoyant 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Thailand (X units), distantly followed by Malaysia (X units), Singapore (X units), Indonesia (X units), the Philippines (X units) and Cambodia (X units) represented the largest importers of vehicles not mechanically propelled, together generating X% of total imports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Indonesia, Vietnam, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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