China: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in China

The Chinese road tractor for semi-trailer market stood at $X.9B in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a resilient increase. Road tractor for semi-trailer consumption peaked at $X.5B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in China

In value terms, road tractor for semi-trailer production stood at $X.7B in 2022 estimated in export price. Over the period under review, production recorded a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Road tractor for semi-trailer production peaked at $X.7B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Road Tractors For Semi-Trailers

Exports from China

Road tractor for semi-trailer exports from China reduced sharply to X units in 2022, falling by X% compared with 2021. Overall, exports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then declined rapidly in the following year.

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

Exports by Country

Vietnam (X units), Mongolia (X units) and Nigeria (X units) were the main destinations of road tractor for semi-trailer exports from China, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for road tractors for semi-trailers exports from China, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with an X% share of total exports. It was followed by Mongolia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Mongolia (X% per year).

Export Prices by Country

The average road tractor for semi-trailer export price stood at $X per unit in 2022, approximately reflecting the previous year. Overall, the export price saw a slight curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Mongolia ($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 Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into China

In 2022, supplies from abroad of road tractors for semi-trailers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports shrank to $X in 2022. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X units), Sweden (X units) and Belgium (X units) were the main suppliers of road tractor for semi-trailer imports to China, with a combined X% share of total imports.

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

In value terms, the Netherlands ($X), Sweden ($X) and Belgium ($X) appeared to be the largest road tractor for semi-trailer suppliers to China, with a combined X% share of total imports.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average road tractor for semi-trailer import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price saw a pronounced slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Sweden ($X per unit), while the price for Belgium ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :