Asia: Market for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles 2024

Market Size for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Asia

The Asian market for road-sweepers, mobile workshops and other special purpose vehicles reached $X in 2021, rising by 3.5% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Asia

In value terms, production of road-sweepers, mobile workshops and other special purpose vehicles expanded rapidly to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -41.0% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 47%. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth remained at a somewhat lower figure.

Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Exports in Asia

In 2021, overseas shipments of road-sweepers, mobile workshops and other special purpose vehicles increased by 25% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a perceptible slump. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles surged to $X in 2021. Over the period under review, exports, however, saw a pronounced curtailment. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates vehicles structure, finishing at X units, which was approx. 64% of total exports in 2021. It was distantly followed by Turkey (X units) and South Korea (X units), together achieving an 18% share of total exports. The following exporters - India (X units), Japan (X units), Thailand (X units) and Pakistan (X units) - together made up 13% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of road-sweepers, mobile workshops and other special purpose vehicles. At the same time, Pakistan (+43.4%) and Thailand (+1.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +43.4% from 2012-2021. India experienced a relatively flat trend pattern. By contrast, Turkey (-3.4%), South Korea (-4.9%) and Japan (-8.4%) illustrated a downward trend over the same period. While the share of China (+7.7 p.p.) and Pakistan (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-2.6 p.p.) and Japan (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest road-sweepers, mobile workshops and other special purpose vehicles supplier in Asia, comprising 54% of total exports. The second position in the ranking was held by Turkey ($X), with a 16% share of total exports. It was followed by South Korea, with an 11% share.

In China, exports of road-sweepers, mobile workshops and other special purpose vehicles plunged by an average annual rate of -3.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (-0.7% per year) and South Korea (-4.1% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, waning by -3.5% against the previous year. Overall, the export price saw a mild decline. The pace of growth appeared the most rapid in 2014 an increase of 5.3% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+2.7%), while the other leaders experienced more modest paces of growth.

Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Imports in Asia

In 2021, imports of road-sweepers, mobile workshops and other special purpose vehicles in Asia fell rapidly to X units, with a decrease of -52.9% compared with the previous year. In general, imports saw a precipitous descent. The growth pace was the most rapid in 2020 with an increase of 77% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles skyrocketed to $X in 2021. Over the period under review, imports recorded a noticeable shrinkage. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Qatar (X units) was the major importer of road-sweepers, mobile workshops and other special purpose vehicles in Asia, generating 96% of total import.

Qatar was also the fastest-growing in terms of the road-sweepers, mobile workshops and other special purpose vehicles imports, with a CAGR of -21.0% from 2012 to 2021. While the share of Qatar (-3.6 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X) constitutes the largest market for imported road-sweepers, mobile workshops and other special purpose vehicles in Asia.

In Qatar, imports of road-sweepers, mobile workshops and other special purpose vehicles plunged by an average annual rate of -20.1% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, rising by 155% against the previous year. Over the period under review, the import price posted a significant expansion. The pace of growth was the most pronounced in 2019 an increase of 174%. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Qatar.

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to +1.1% per year.

Source: IndexBox Platform

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