South-Eastern Asia: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in South-Eastern Asia

The Southeast Asian transportation vehicle body market reduced to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, showed a remarkable increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Transportation Vehicle Body Production in South-Eastern Asia

In value terms, transportation vehicle body production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Transportation Vehicle Body Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of bodies for motor vehicles for the transporting people decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, transportation vehicle body exports stood at $X in 2022. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Thailand (X units) was the key exporter of bodies for motor vehicles for the transporting people, committing X% of total exports. It was distantly followed by Malaysia (X units), making up a X% share of total exports. Indonesia (X units) held a minor share of total exports.

Exports from Thailand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest transportation vehicle body supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with an X% share of total exports.

In Thailand, transportation vehicle body exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price posted a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced mixed trends in the export price figures.

Transportation Vehicle Body Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of bodies for motor vehicles for the transporting people increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, transportation vehicle body imports shrank to $X in 2022. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

Malaysia (X units) and Myanmar (X units) prevails in imports structure, together achieving X% of total imports. The Philippines (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

The Philippines, 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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