China - Trucks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTruck Prices in China
China Truck Export Price in August 2022
In August 2022, the truck price amounted to $4.1 per unit (FOB, China), with a decrease of -2.5% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2022 when the average export price increased by 3.6% month-to-month. The export price peaked at $4.4 per unit in February 2022; however, from March 2022 to August 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In August 2022, the country with the highest price was Australia ($8.0 per unit), while the average price for exports to Tanzania ($2.6 per unit) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
China Truck Export Prices by Type
Average prices varied somewhat for the major types of exported product. In August 2022, the product with the highest price was goods vehicles, with spark-ignition internal combustion piston engine ($5.8 per unit), while the average price for exports of goods vehicles, with compression-ignition internal combustion piston engine totaled $3.9 per unit.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: goods vehicle, with compression-ignition internal combustion piston engine (-0.2%).
China Truck Exports
In August 2022, after five months of growth, there was decline in shipments abroad of trucks, when their volume decreased by -2.9% to 185M units. Over the period under review, total exports indicated tangible growth from January 2022 to August 2022: its volume increased at an average monthly rate of +4.7% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports increased by +88.4% against February 2022 indices. The pace of growth appeared the most rapid in March 2022 when exports increased by 49% against the previous month. Over the period under review, the exports hit record highs at 190M units in July 2022, and then shrank modestly in the following month.
In value terms, truck exports contracted to $756M (IndexBox estimates) in August 2022. In general, total exports indicated a perceptible expansion from January 2022 to August 2022: its value increased at an average monthly rate of +4.0% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports increased by +77.4% against February 2022 indices. The growth pace was the most rapid in March 2022 when exports increased by 40% against the previous month. Over the period under review, the exports reached the peak figure at 800M units in July 2022, and then shrank in the following month.
China Truck Exports by Type
Goods vehicles, with compression-ignition internal combustion piston engine (166M units) was the largest type of truck exported from China, with a 90% share of total exports. Moreover, goods vehicles, with compression-ignition internal combustion piston engine exceeded the volume of the second product type, goods vehicles, with spark-ignition internal combustion piston engine (18M units), ninefold.
From January 2022 to August 2022, the average monthly growth rate of the volume of export of goods vehicles, with compression-ignition internal combustion piston engine totaled +5.1%.
In value terms, goods vehicles, with compression-ignition internal combustion piston engine ($651M) remains the largest type of truck exported from China, comprising 86% of total exports. The second position in the ranking was held by goods vehicles, with spark-ignition internal combustion piston engine ($106M), with a 14% share of total exports.
From January 2022 to August 2022, the average monthly rate of growth in terms of the export volume of goods vehicles, with compression-ignition internal combustion piston engine stood at +4.9%.
China Truck Exports by Country
Russia (41M units) was the main destination for truck exports from China, with a 22% share of total exports. Moreover, truck exports to Russia exceeded the volume sent to the second major destination, the Philippines (14M units), threefold. The third position in this ranking was held by Mexico (10M units), with a 5.6% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume to Russia amounted to +19.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the Philippines (+4.4% per month) and Mexico (+11.3% per month).
In value terms, Russia ($127M), Australia ($70M) and Mexico ($61M) were the largest markets for truck exported from China worldwide, with a combined 34% share of total exports. the Philippines, South Africa, Vietnam, Ecuador, Indonesia, Colombia, Djibouti, Tanzania, Nigeria and Congo lagged somewhat behind, together comprising a further 32%.
In terms of the main countries of destination, Nigeria, with a CAGR of +29.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the truck market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
664
This report provides an in-depth analysis of the truck market in China.
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This report provides an in-depth analysis of the global petroleum-engine cargo trucks market.
664
This report provides an in-depth analysis of the truck market in China.
378
This report provides an in-depth analysis of the off-highway dumper market in China.
271
This report provides an in-depth analysis of the petroleum-engine cargo trucks market in China.
3114
This report provides an in-depth analysis of the global truck market.
218
In value terms, petroleum-engine cargo trucks exports skyrocketed to $81M in April 2023.
3190
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
760
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
218
In value terms, petroleum-engine cargo trucks exports skyrocketed to $81M in April 2023.
3190
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
760
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
