Eastern Asia: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Eastern Asia

The East Asian special vehicle body market fell modestly to $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Special Vehicle Body Production in Eastern Asia

In value terms, special vehicle body production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

Special Vehicle Body Exports

Exports in Eastern Asia

In 2022, overseas shipments of bodies for special purpose motor vehicles increased by X% to X units, rising for the fifth consecutive year after four years of decline. Over the period under review, exports enjoyed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, special vehicle body exports skyrocketed to $X in 2022. Overall, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of around X units, which amounted to X% of total exports. It was distantly followed by Japan (X units), constituting a X% share of total exports. Hong Kong SAR (X units) followed a long way behind the leaders.

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

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 Eastern Asia stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price saw a moderate expansion. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 Japan (X%), while the other leaders experienced a decline in the export price figures.

Special Vehicle Body Imports

Imports in Eastern Asia

Special vehicle body imports surged to X units in 2022, jumping by X% compared with the year before. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, special vehicle body imports soared to $X in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Taiwan (Chinese) prevails in imports structure, recording X units, which was near X% of total imports in 2022. China (X units) ranks second in terms of the total imports with a X% share, followed by Japan (X%). Hong Kong SAR (X units) and South Korea (X units) took a relatively small share of total imports.

Taiwan (Chinese) was also the fastest-growing in terms of the bodies for special purpose motor vehicles imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%), China (X%), Hong Kong SAR (X%) and Japan (X%) displayed positive paces of growth. From 2012 to 2022, the share of Taiwan (Chinese) increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported bodies for special purpose motor vehicles in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Taiwan (Chinese) amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

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 Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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