Asia: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in Asia

In 2022, the Asian petroleum-engine cargo trucks market decreased by X% to $X, falling for the third consecutive year after three years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Petroleum-Engine Cargo Trucks Production in Asia

In value terms, petroleum-engine cargo trucks production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Petroleum-Engine Cargo Trucks Exports

Exports in Asia

In 2022, shipments abroad of goods vehicles, with spark-ignition internal combustion piston engine increased by X% to X units, rising for the fifth year in a row after four years of decline. Over the period under review, exports recorded temperate growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, petroleum-engine cargo trucks exports soared to $X in 2022. In general, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X units) was the main exporter of goods vehicles, with spark-ignition internal combustion piston engine, constituting X% of total exports. Thailand (X units) took the second position in the ranking, followed by Japan (X units), the United Arab Emirates (X units) and Turkey (X units). All these countries together held near X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Turkey (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and Thailand (X%) illustrated a downward trend over the same period. China (X p.p.), the United Arab Emirates (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest petroleum-engine cargo trucks supplying countries in Asia were China ($X), Japan ($X) and Thailand ($X), together accounting for X% of total exports. The United Arab Emirates, Turkey and Indonesia lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Asia amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price showed a noticeable decline. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 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 the United Arab Emirates ($X per unit), while China ($X per unit) was amongst the lowest.

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

Petroleum-Engine Cargo Trucks Imports

Imports in Asia

In 2022, overseas purchases of goods vehicles, with spark-ignition internal combustion piston engine increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, petroleum-engine cargo trucks imports stood at $X in 2022. In general, imports, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) represented the key importers of goods vehicles, with spark-ignition internal combustion piston engine in 2022, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Oman (X units), Kuwait (X units), Japan (X units), China (X units), Iraq (X units) and Thailand (X units), together comprising a X% share of total imports. Lebanon (X units), South Korea (X units), Cambodia (X units), Kazakhstan (X units) and Bahrain (X units) held a little share of total imports.

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

In value terms, China ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Kuwait, Oman, Japan, Iraq, South Korea, Cambodia, Lebanon, Kazakhstan, Bahrain and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, South Korea, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

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 China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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