Europe: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Europe

After three years of growth, the Europe trailer and semi-trailer market decreased by X% to $X in 2023. The total consumption indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2015 indices. The level of consumption peaked at $X in 2022, and then shrank modestly in the following year.

Trailer And Semi-Trailer Production in Europe

In value terms, trailer and semi-trailer production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2022, and then reduced slightly in the following year.

Trailer And Semi-Trailer Exports

Exports in Europe

In 2023, shipments abroad of cargo trailers and semi-trailers decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, trailer and semi-trailer exports stood at $X in 2023. Total exports indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

In 2023, Germany (X units), Poland (X units) and the Netherlands (X units) was the key exporter of cargo trailers and semi-trailers in Europe, achieving X% of total export. It was distantly followed by the UK (X units), mixing up a X% share of total exports. Spain (X units), Belgium (X units), France (X units), Estonia (X units), Lithuania (X units), the Czech Republic (X units), Slovenia (X units), Hungary (X units) and Denmark (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest trailer and semi-trailer supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per unit, jumping by X% against the previous year. Export price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, trailer and semi-trailer export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the other leaders experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports in Europe

In 2023, supplies from abroad of cargo trailers and semi-trailers decreased by X% to X units for the first time since 2017, thus ending a five-year rising trend. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs at X units in 2022, and then declined in the following year.

In value terms, trailer and semi-trailer imports stood at $X in 2023. Total imports indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

The UK represented the key importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by Germany (X units), France (X units), Belgium (X units) and the Czech Republic (X units), together achieving a X% share of total imports. The following importers - Greece (X units), the Netherlands (X units), Poland (X units), Croatia (X units), Ireland (X units), Sweden (X units), Ukraine (X units) and Switzerland (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to trailer and semi-trailer imports into the UK stood at X%. At the same time, Ireland (X%), Germany (X%), Croatia (X%), Belgium (X%), France (X%), the Czech Republic (X%), the Netherlands (X%), Ukraine (X%) and Poland (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Greece (X%), Switzerland (X%) and Sweden (X%) illustrated a downward trend over the same period. While the share of the UK (X p.p.), Germany (X p.p.), Belgium (X p.p.), France (X p.p.), the Czech Republic (X p.p.), Ireland (X p.p.) and Croatia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Switzerland (X p.p.), Sweden (X p.p.) and Greece (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Poland ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. The UK, France, Belgium, Ukraine, Sweden, the Czech Republic, Switzerland, Ireland, Croatia and Greece lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Europe stood at $X per unit in 2023, surging by X% against the previous year. Over the period under review, the import price, however, saw a mild reduction. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2023, 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 Poland ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Greece (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform