South-Eastern Asia: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in South-Eastern Asia

The Southeast Asian non-propelled vehicle market dropped notably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a pronounced setback. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Non-Propelled Vehicle Production in South-Eastern Asia

In value terms, non-propelled vehicle production stood at $X in 2022 estimated in export price. Over the period under review, production showed a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Non-Propelled Vehicle Exports

Exports in South-Eastern Asia

In 2022, the amount of vehicles not mechanically propelled exported in South-Eastern Asia soared to X units, jumping by X% against the year before. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, non-propelled vehicle exports skyrocketed to $X in 2022. Overall, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam represented the key exporting country with an export of around X units, which resulted at X% of total exports. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by Singapore (X%) and Malaysia (X%). The following exporters - the Philippines (X units) and Cambodia (X units) - together made up X% of total exports.

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

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Singapore, Cambodia and the Philippines lagged somewhat behind, together accounting for a further X%.

Cambodia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Non-Propelled Vehicle Imports

Imports in South-Eastern Asia

In 2022, non-propelled vehicle imports in South-Eastern Asia fell to X units, which is down by X% compared with 2021. Total imports indicated a prominent 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, non-propelled vehicle imports fell slightly to $X in 2022. Total imports indicated resilient growth 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 pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Thailand (X units), distantly followed by Malaysia (X units), Singapore (X units), Indonesia (X units), the Philippines (X units) and Cambodia (X units) represented the main importers of vehicles not mechanically propelled, together achieving X% of total imports. Vietnam (X units) held a minor share of total imports.

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

In value terms, the largest non-propelled vehicle importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Malaysia ($X), together comprising X% of total imports. Indonesia, Vietnam, the Philippines and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, saw 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

The import price in South-Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, 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 Vietnam ($X per unit), while Thailand ($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 more modest paces of growth.

Source: IndexBox Platform

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