ASEAN: Special Vehicle Body Market 2025

Special Vehicle Body Market Size in ASEAN

The ASEAN special vehicle body market amounted to $X in 2022, picking up by X% against the previous year. The total consumption indicated a prominent increase 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, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Special Vehicle Body Production in ASEAN

In value terms, special vehicle body production reached $X in 2022 estimated in export price. The total production indicated moderate 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Special Vehicle Body Exports

Exports in ASEAN

In 2022, shipments abroad of bodies for special purpose motor vehicles was finally on the rise to reach X units after four years of decline. In general, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, special vehicle body exports expanded rapidly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of bodies for special purpose motor vehicles, namely Thailand, represented more than two-thirds of total export.

Thailand was also the fastest-growing in terms of the bodies for special purpose motor vehicles exports, with a CAGR of X% from 2012 to 2022. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest special vehicle body supplier in ASEAN.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled X%.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then reduced in the following year.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to X% per year.

Special Vehicle Body Imports

Imports in ASEAN

In 2022, the amount of bodies for special purpose motor vehicles imported in ASEAN dropped to X units, declining by X% on the previous year's figure. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, special vehicle body imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Myanmar represented the major importing country with an import of about X units, which accounted for X% of total imports. The Philippines (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%) and Malaysia (X%). Indonesia (X units) followed a long way behind the leaders.

Myanmar was also the fastest-growing in terms of the bodies for special purpose motor vehicles imports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. While the share of Myanmar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.), Thailand (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported bodies for special purpose motor vehicles in ASEAN, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform