United Kingdom - Trucks - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSignificant Surge in UK Truck Imports Reaches $1B in May 2023
United Kingdom Truck Imports
In May 2023, the amount of trucks imported into the UK skyrocketed to 24K units, growing by 47% on April 2023 figures. In general, total imports indicated a slight increase from May 2022 to May 2023: its volume increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, imports increased by +46.8% against April 2023 indices. The most prominent rate of growth was recorded in December 2022 with an increase of 70% against the previous month. Over the period under review, imports hit record highs in May 2023.
In value terms, truck imports skyrocketed to $1B (IndexBox estimates) in May 2023. Over the period under review, total imports indicated mild growth from May 2022 to May 2023: its value increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, imports increased by +46.8% against April 2023 indices. The growth pace was the most rapid in December 2022 with an increase of 64% m-o-m. Over the period under review, imports attained the maximum in May 2023. 
| COUNTRY | Import Value of Truck in United Kingdom (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
| Turkey | 218 | 113 | 159 | 192 | 127 | 68.4 | 61.9 | 169 | 171 | 140 | 134 | 205 | 290 |
| France | 98.3 | 75.5 | 105 | 86.7 | 34.0 | 44.7 | 77.4 | 145 | 195 | 93.4 | 132 | 75.8 | 204 |
| Germany | 115 | 117 | 112 | 76.5 | 92.8 | 72.6 | 90.5 | 126 | 83.7 | 90.6 | 118 | 106 | 167 |
| Spain | 76.0 | 33.2 | 54.7 | 38.4 | 31.9 | 17.0 | 34.6 | 50.7 | 95.8 | 115 | 96.2 | 87.8 | 113 |
| Poland | 68.5 | 82.4 | 57.0 | 35.4 | 55.3 | 31.0 | 78.2 | 89.0 | 77.1 | 86.7 | 83.8 | 47.6 | 81.1 |
| Italy | 95.8 | 74.0 | 31.8 | 18.3 | 23.6 | 39.0 | 43.8 | 43.3 | 75.7 | 46.4 | 62.9 | 72.2 | 78.8 |
| South Africa | 62.1 | 50.0 | 29.8 | 76.1 | 24.6 | 95.5 | 32.3 | 91.8 | 29.9 | 67.3 | 36.4 | 30.0 | 26.7 |
| Others | 123 | 78.1 | 72.7 | 59.2 | 77.4 | 98.8 | 72.2 | 88.9 | 89.4 | 69.4 | 94.3 | 83.1 | 78.3 |
| Total | 856 | 622 | 622 | 583 | 467 | 467 | 491 | 803 | 817 | 708 | 757 | 707 | 1,039 |
Imports by Country
Turkey (6K units), France (5.6K units) and Germany (3.6K units) were the main suppliers of truck imports to the UK, together accounting for 62% of total imports.
From May 2022 to May 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +8.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest truck suppliers to the UK were Turkey ($290M), France ($204M) and Germany ($167M), with a combined 64% share of total imports.
France, with a CAGR of +6.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In May 2023, diesel or semi-diesel trucks of a g.v.w. under 5 tonnes (24K units) was the main type of truck supplied to the UK, with a 96% share of total imports. It was followed by diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes (401 units), with a 1.6% share of total imports. Diesel or semi-diesel trucks of a g.v.w. over 20 tonnes (179 units) ranked third in terms of total imports with a 0.7% share.
From May 2022 to May 2023, the average monthly rate of growth in terms of the volume of import of diesel or semi-diesel trucks of a g.v.w. under 5 tonnes stood at +2.0%. With regard to the other supplied products, the following average monthly rates of growth were recorded: diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes (+1.3% per month) and diesel or semi-diesel trucks of a g.v.w. over 20 tonnes (-6.0% per month).
In value terms, diesel or semi-diesel trucks of a g.v.w. under 5 tonnes ($895M) constituted the largest type of truck supplied to the UK, comprising 86% of total imports. The second position in the ranking was held by diesel or semi-diesel trucks of a g.v.w. over 20 tonnes ($63M), with a 6.1% share of total imports. It was followed by diesel or semi-diesel trucks of a g.v.w. from 5 to 20 tonnes, with a 5.1% share.
Import Prices by Country
In May 2023, the truck price stood at $42,590 per unit, therefore (CIF, United Kingdom), remained relatively stable against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 9.9% against the previous month. Over the period under review, average import prices attained the peak figure at $43,774 per unit in May 2022; however, from June 2022 to May 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In May 2023, the countries with the highest prices were Japan ($49,670 per unit) and Turkey ($48,108 per unit), while the price for France ($36,496 per unit) and Spain ($37,172 per unit) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Italy (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the truck market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 29104110 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight . 5 tonnes (excluding dumpers for off-highway use)
- Prodcom 29104130 - Goods vehicles with a diesel or semi-diesel engine, of a gross vehicle weight > 5 tonnes but . .20 tonnes (including vans) (excluding dumpers for off-highway use, tractors)
- Prodcom 29104140 - Goods vehicles with compression-ignition internal combustion piston engine (diesel or semi-diesel), of a gross vehicle weight > .20 tonnes (excluding dumpers designed for offhighway use)
- Prodcom 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
