Eastern Asia: Market for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles 2024

Market Size for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Eastern Asia

In 2021, the East Asian market for road-sweepers, mobile workshops and other special purpose vehicles increased by 3.1% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Eastern Asia

In value terms, production of road-sweepers, mobile workshops and other special purpose vehicles expanded markedly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth remained at a lower figure.

Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Exports in Eastern Asia

In 2021, approx. X units of road-sweepers, mobile workshops and other special purpose vehicles were exported in Eastern Asia; increasing by 32% against 2020. In general, exports, however, showed a slight decline. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles soared to $X in 2021. Overall, exports, however, showed a perceptible decrease. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X units) was the major exporter of road-sweepers, mobile workshops and other special purpose vehicles, creating 83% of total exports. It was distantly followed by South Korea (X units) and Japan (X units), together creating a 17% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of road-sweepers, mobile workshops and other special purpose vehicles. South Korea (-4.9%) and Japan (-8.4%) illustrated a downward trend over the same period. China (+8.4 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -3.7% and -4.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest road-sweepers, mobile workshops and other special purpose vehicles supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was held by South Korea ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -3.2%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-4.1% per year) and Japan (-6.6% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, with a decrease of -6.8% against the previous year. In general, the export price saw a mild slump. The pace of growth was the most pronounced in 2017 an increase of 11% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles

Imports in Eastern Asia

In 2021, overseas purchases of road-sweepers, mobile workshops and other special purpose vehicles decreased by -1.6% to X units, falling for the second consecutive year after four years of growth. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 21% against the previous year. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles dropped to $X in 2021. Over the period under review, imports showed a perceptible decline. The pace of growth appeared the most rapid in 2013 when imports increased by 29%. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Japan represented the major importing country with an import of about X units, which accounted for 39% of total imports. South Korea (X units) held a 21% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (18%), Taiwan (Chinese) (12%) and China (5%). Democratic People's Republic of Korea (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Hong Kong SAR ($X) and China ($X) were the countries with the highest levels of imports in 2021, together accounting for 73% of total imports.

In terms of the main importing countries, Hong Kong SAR, with a CAGR of +19.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, declining by -8.3% against the previous year. In general, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 when the import price increased by 26%. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+13.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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