Eastern Asia: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in Eastern Asia

In 2022, the East Asian petroleum-engine cargo trucks market decreased by X% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption showed a perceptible decrease. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Petroleum-Engine Cargo Trucks Production in Eastern Asia

In value terms, petroleum-engine cargo trucks production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Petroleum-Engine Cargo Trucks Exports

Exports in Eastern Asia

In 2022, overseas shipments of goods vehicles, with spark-ignition internal combustion piston engine increased by X% to X units, rising for the fifth year in a row after four years of decline. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, petroleum-engine cargo trucks exports rose slightly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the key exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Japan (X units), mixing up a X% share of total exports.

China was also the fastest-growing in terms of the goods vehicles, with spark-ignition internal combustion piston engine exports, with a CAGR of X% from 2012 to 2022. Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) and Japan ($X) were the countries with the highest levels of exports in 2022.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Petroleum-Engine Cargo Trucks Imports

Imports in Eastern Asia

Petroleum-engine cargo trucks imports skyrocketed to X units in 2022, jumping by X% compared with the previous year. Total imports indicated a modest expansion 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. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, petroleum-engine cargo trucks imports skyrocketed to $X in 2022. Overall, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X units) and China (X units) were the key importers of goods vehicles, with spark-ignition internal combustion piston engine in Eastern Asia, together accounting for near X% of total imports. It was distantly followed by South Korea (X units) and Taiwan (Chinese) (X units), together constituting a X% share of total imports. Democratic People's Republic of Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest petroleum-engine cargo trucks importing markets in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total imports.

South Korea, with a CAGR of X%, recorded 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

In 2022, the import price in Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Import price indicated strong growth from 2012 to 2022: its price 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, petroleum-engine cargo trucks import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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