Asia: Special Vehicle Body Market 2025

Special Vehicle Body Market Size in Asia

The Asian special vehicle body market amounted to $X in 2022, growing by X% against the previous year. The total consumption indicated strong 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, consumption increased by X% against 2012 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Special Vehicle Body Production in Asia

In value terms, special vehicle body production fell to $X in 2022 estimated in export price. Over the period under review, production posted a moderate expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Special Vehicle Body Exports

Exports in Asia

In 2022, overseas shipments of bodies for special purpose motor vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a abrupt setback. Over the period under review, the exports reached 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 soared to $X in 2022. Total exports indicated a resilient expansion 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

In 2022, Thailand (X units), distantly followed by China (X units), India (X units), Japan (X units) and Turkey (X units) were the largest exporters of bodies for special purpose motor vehicles, together generating X% of total exports.

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

In value terms, Japan ($X), China ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Japan, with a CAGR of X%, saw 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.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

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

Special Vehicle Body Imports

Imports in Asia

In 2022, the amount of bodies for special purpose motor vehicles imported in Asia declined modestly to X units, with a decrease of X% against the previous year's figure. Overall, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, special vehicle body imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Myanmar was the major importing country with an import of about X units, which amounted to 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 Kazakhstan (X%), India (X%), Taiwan (Chinese) (X%) and Thailand (X%). Malaysia (X units), Indonesia (X units), Azerbaijan (X units), Bangladesh (X units) and Iran (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to special vehicle body imports into Myanmar stood at X%. At the same time, Azerbaijan (X%), Kazakhstan (X%), Indonesia (X%), India (X%), Taiwan (Chinese) (X%), Bangladesh (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. Myanmar (X p.p.), Kazakhstan (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total imports, while Iran, Malaysia, Thailand and the Philippines saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest special vehicle body importing markets in Asia were Kazakhstan ($X), Taiwan (Chinese) ($X) and India ($X), with a combined X% share of total imports. Indonesia, Malaysia, Thailand, the Philippines, Iran, Bangladesh, Azerbaijan and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Azerbaijan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price, however, showed a perceptible decline. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 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 Taiwan (Chinese) ($X per unit), while Myanmar ($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

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