China: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in China

In 2022, the Chinese special vehicle body market decreased by X% to $X, falling for the second consecutive year after nine years of growth. In general, the total consumption 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Special Vehicle Body Production in China

In value terms, special vehicle body production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Special vehicle body production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Special Vehicle Body Exports

Exports from China

In 2022, the amount of bodies for special purpose motor vehicles exported from China rose rapidly to X units, with an increase of X% compared with the previous year's figure. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, special vehicle body exports stood at $X in 2022. Overall, exports recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Iran (X units), Italy (X units) and Hong Kong SAR (X units) were the main destinations of special vehicle body exports from China, with a combined X% share of total exports. The United Arab Emirates, Australia, the Philippines, Brazil, Lao People's Democratic Republic, Myanmar, the United States, Taiwan (Chinese), India and Vietnam lagged somewhat behind, together accounting for a further X%.

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

In value terms, Hong Kong SAR ($X), the United Arab Emirates ($X) and Iran ($X) appeared to be the largest markets for special vehicle body exported from China worldwide, together accounting for X% of total exports.

Among the main countries of destination, the United Arab Emirates, 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

In 2022, the average special vehicle body export price amounted to $X per unit, dropping by X% against the previous year. In general, the export price continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (X%), while the prices for the other major destinations experienced mixed trend patterns.

Special Vehicle Body Imports

Imports into China

In 2022, supplies from abroad of bodies for special purpose motor vehicles increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, special vehicle body imports skyrocketed to $X in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the UK (X units) constituted the largest special vehicle body supplier to China, accounting for a X% share of total imports. Moreover, special vehicle body imports from the UK exceeded the figures recorded by the second-largest supplier, Uzbekistan (X units), threefold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and the United States (X% per year).

In value terms, the UK ($X) constituted the largest supplier of bodies for special purpose motor vehicles to China, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with an X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Austria (X% per year).

Import Prices by Country

The average special vehicle body import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Russia ($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 UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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