Asia-Pacific: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Asia-Pacific

The Asia-Pacific non-propelled vehicle market fell significantly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a noticeable decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Propelled Vehicle Production in Asia-Pacific

In value terms, non-propelled vehicle production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Non-Propelled Vehicle Exports

Exports in Asia-Pacific

In 2022, after five years of growth, there was significant decline in overseas shipments of vehicles not mechanically propelled, when their volume decreased by X% to X units. Total exports indicated a tangible expansion 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, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped in the following year.

In value terms, non-propelled vehicle exports rose remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The biggest shipments were from China (X units), together recording X% of total export.

China was also the fastest-growing in terms of the vehicles not mechanically propelled exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-propelled vehicle supplier in Asia-Pacific.

In China, non-propelled vehicle exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up 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 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Non-Propelled Vehicle Imports

Imports in Asia-Pacific

In 2022, purchases abroad of vehicles not mechanically propelled decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Total imports indicated measured 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 2013 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 declined in the following year.

In value terms, non-propelled vehicle imports reached $X in 2022. Total imports indicated a resilient 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 growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

Australia represented the major importing country with an import of around X units, which accounted for X% of total imports. Taiwan (Chinese) (X units) ranks second in terms of the total imports with an X% share, followed by Thailand (X%), South Korea (X%), Malaysia (X%), Singapore (X%) and Indonesia (X%). Japan (X units), New Zealand (X units), Hong Kong SAR (X units), India (X units), the Philippines (X units) and Cambodia (X units) took a little share of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, Cambodia (X%), Thailand (X%), India (X%), Indonesia (X%), South Korea (X%), Taiwan (Chinese) (X%), New Zealand (X%), the Philippines (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Malaysia (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Taiwan (Chinese) (X p.p.), South Korea (X p.p.), Indonesia (X p.p.), India (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total imports, while Australia, Japan, Hong Kong SAR and Malaysia 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, Japan ($X), Australia ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Thailand, Singapore, New Zealand, Taiwan (Chinese), Malaysia, Indonesia, India, the Philippines, Cambodia and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

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 Japan ($X per unit), while Hong Kong SAR ($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

Frequently Asked Questions (FAQ) :