Asia-Pacific: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in Asia-Pacific

In 2022, the Asia-Pacific petroleum-engine cargo trucks market decreased by X% to $X, falling for the third consecutive year after five years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Petroleum-Engine Cargo Trucks Production in Asia-Pacific

In value terms, petroleum-engine cargo trucks production contracted modestly to $X in 2022 estimated in export price. In general, production, however, showed a mild decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Petroleum-Engine Cargo Trucks Exports

Exports in Asia-Pacific

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. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, petroleum-engine cargo trucks exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of around X units, which finished at X% of total exports. Thailand (X units) held the second position in the ranking, followed by Japan (X units). All these countries together held near X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the goods vehicles, with spark-ignition internal combustion piston engine exports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%) displayed positive paces of growth. By contrast, Japan (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) and Thailand (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2017 an increase of X% against the previous year. 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 Indonesia ($X per unit), while China ($X per unit) was amongst the lowest.

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

Petroleum-Engine Cargo Trucks Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of goods vehicles, with spark-ignition internal combustion piston engine increased by X% to X units, rising for the third year in a row after two years of decline. Total imports indicated tangible growth 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 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, petroleum-engine cargo trucks imports surged to $X in 2022. Total imports 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Australia (X units) was the major importer of goods vehicles, with spark-ignition internal combustion piston engine, mixing up X% of total imports. Japan (X units) ranks second in terms of the total imports with an X% share, followed by China (X%), Thailand (X%) and South Korea (X%). Cambodia (X units), New Zealand (X units), Singapore (X units), the Philippines (X units) and Malaysia (X units) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Singapore (X%), Thailand (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. New Zealand, the Philippines and China experienced a relatively flat trend pattern. By contrast, Japan (X%) and Malaysia (X%) illustrated a downward trend over the same period. Australia (X p.p.), South Korea (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while New Zealand, Malaysia, China and Japan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported goods vehicles, with spark-ignition internal combustion piston engine in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

In Australia, petroleum-engine cargo trucks imports 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: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per unit), while Thailand ($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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