ASEAN: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in ASEAN

In 2022, the ASEAN market for motor vehicle chassis fitted with engines decreased by -1.7% to $X, falling for the second consecutive year after two years of growth. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 -21.4% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in ASEAN

In value terms, production of motor vehicle chassis fitted with engines shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt downturn. The growth pace was the most rapid in 2014 when the production volume increased by 88%. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports in ASEAN

Exports of motor vehicle chassis fitted with engines surged to X units in 2022, picking up by 24% against 2021 figures. In general, exports, however, showed a deep slump. The growth pace was the most rapid in 2014 with an increase of 206%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines shrank notably to $X in 2022. Over the period under review, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2014 when exports increased by 112% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand was the key exporter of motor vehicle chassis fitted with engines in ASEAN, with the volume of exports accounting for X units, which was near 70% of total exports in 2022. It was distantly followed by Singapore (X units), achieving a 28% share of total exports.

Exports from Thailand decreased at an average annual rate of -13.6% from 2012 to 2022. Singapore (-4.2%) illustrated a downward trend over the same period. Singapore (+16 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -16.7% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest motor vehicle chassis fitted with engines supplier in ASEAN, comprising 74% of total exports. The second position in the ranking was held by Thailand ($X), with a 1.5% share of total exports.

In Singapore, exports of motor vehicle chassis fitted with engines contracted by an average annual rate of -12.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, waning by -46.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 750%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

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 Singapore ($X per unit), while Thailand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.1%).

Imports of Motor Vehicle Chassis Fitted With Engines

Imports in ASEAN

Imports of motor vehicle chassis fitted with engines expanded sharply to X units in 2022, increasing by 10% compared with 2021 figures. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 414%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines skyrocketed to $X in 2022. In general, imports, however, showed a abrupt decline. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The Philippines dominates engines structure, resulting at X units, which was approx. 97% of total imports in 2022. Malaysia (X units) took a little share of total imports.

The Philippines was also the fastest-growing in terms of the motor vehicle chassis fitted with engines imports, with a CAGR of +15.0% from 2012 to 2022. Malaysia (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines increased by +33 percentage points.

In value terms, Malaysia ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022.

The Philippines, with a CAGR of +22.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, surging by 12% against the previous year. Overall, the import price, however, recorded a sharp downturn. The growth pace was the most rapid in 2017 when the import price increased by 462%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the Philippines totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.3%).

Source: IndexBox Platform