Eastern Asia: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Eastern Asia

The East Asian road tractor for semi-trailer market rose slightly to $X.2B in 2022, increasing by X% against the previous year. Overall, consumption posted a strong expansion. Over the period under review, the market hit record highs at $X.5B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Eastern Asia

In value terms, road tractor for semi-trailer production stood at $X.3B in 2022 estimated in export price. Over the period under review, production recorded a resilient increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Road Tractors For Semi-Trailers

Exports in Eastern Asia

Road tractor for semi-trailer exports contracted notably to X units in 2022, reducing by X% compared with the year before. Total exports indicated a pronounced increase 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. Based on 2022 figures, exports increased by X% against 2017 indices. 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 units, and then fell rapidly in the following year.

In value terms, road tractor for semi-trailer exports fell notably to $X in 2022. Total exports indicated a modest 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

China was the major exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Japan (X units), committing a X% share of total exports. South Korea (X units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the road tractors for semi-trailers exports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) displayed positive paces of growth. 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, China ($X) remains the largest road tractor for semi-trailer supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In China, road tractor for semi-trailer exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price recorded a slight decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Japan ($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.

Imports of Road Tractors For Semi-Trailers

Imports in Eastern Asia

After two years of growth, overseas purchases of road tractors for semi-trailers decreased by X% to X units in 2022. Total imports indicated notable growth 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. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 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 remained at a lower figure.

In value terms, road tractor for semi-trailer imports dropped to $X in 2022. Total imports indicated a notable 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units) and South Korea (X units) represented roughly X% of total imports in 2022. Japan (X units) ranks next in terms of the total imports with a X% share, followed by Taiwan (Chinese) (X%). Hong Kong SAR (X units) took a minor share of total imports.

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

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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, declining by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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