Asia: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Asia

The Asian road tractor for semi-trailer market rose slightly to $X.3B in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. The level of consumption peaked at $X.4B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Road Tractors For Semi-Trailers in Asia

In value terms, road tractor for semi-trailer production totaled $X.5B in 2022 estimated in export price. Overall, production posted strong growth. 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.9B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Road Tractors For Semi-Trailers

Exports in Asia

Road tractor for semi-trailer exports contracted sharply to X units in 2022, waning by X% against 2021 figures. Overall, exports, however, recorded a notable increase. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then dropped dramatically in the following year.

In value terms, road tractor for semi-trailer exports dropped significantly to $X in 2022. In general, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

China represented the largest exporter of road tractors for semi-trailers in Asia, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by Turkey (X units), Japan (X units) and India (X units), together achieving a X% share of total exports. The United Arab Emirates (X units), South Korea (X units) and Thailand (X units) held a little share of total exports.

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

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

Among the main exporting countries, Turkey, 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

The export price in Asia stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while India ($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 United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Road Tractors For Semi-Trailers

Imports in Asia

Road tractor for semi-trailer imports contracted dramatically to X units in 2022, waning by X% on 2021 figures. Total imports indicated moderate 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 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports dropped remarkably to $X in 2022. Total imports indicated a perceptible 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 pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

The countries with the highest levels of road tractor for semi-trailer imports in 2022 were Nepal (X units), Saudi Arabia (X units), Iran (X units), the Philippines (X units), Vietnam (X units), Turkey (X units), Afghanistan (X units), China (X units), Uzbekistan (X units), South Korea (X units), the United Arab Emirates (X units) and Malaysia (X units), together accounting for X% of total import. Pakistan (X units) held a little share of total imports.

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

In value terms, the largest road tractor for semi-trailer importing markets in Asia were Turkey ($X), Iran ($X) and China ($X), with a combined X% share of total imports. Vietnam, Saudi Arabia, South Korea, Uzbekistan, the United Arab Emirates, Afghanistan, Malaysia, Nepal, the Philippines and Pakistan lagged somewhat behind, together comprising a further X%.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Asia stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price saw a mild curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Turkey ($X per unit), while Nepal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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