Asia-Pacific: Special Vehicle Body Market 2025

Special Vehicle Body Market Size in Asia-Pacific

The Asia-Pacific special vehicle body market rose notably to $X in 2022, increasing by X% against the previous year. The total consumption indicated a buoyant 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 increased by X% against 2012 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Special Vehicle Body Production in Asia-Pacific

In value terms, special vehicle body production rose modestly to $X in 2022 estimated in export price. The total output 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 in certain years. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Special Vehicle Body Exports

Exports in Asia-Pacific

In 2022, overseas shipments of bodies for special purpose motor vehicles increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, special vehicle body exports surged to $X in 2022. Total exports 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain 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 Australia (X units) represented the largest exporters of bodies for special purpose motor vehicles, together comprising 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, the largest special vehicle body supplying countries in Asia-Pacific were Japan ($X), China ($X) and Thailand ($X), with a combined X% share of total exports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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-Pacific amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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-Pacific

In 2022, the amount of bodies for special purpose motor vehicles imported in Asia-Pacific contracted to X units, which is down by X% compared with 2021. Over the period under review, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, special vehicle body imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Myanmar (X units) was the main importer of bodies for special purpose motor vehicles, constituting X% of total imports. The Philippines (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by India (X%), Taiwan (Chinese) (X%) and Thailand (X%). The following importers - Malaysia (X units) and Australia (X units) - each finished at an X% share of total imports.

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, India (X%), Taiwan (Chinese) (X%) and the Philippines (X%) displayed positive paces of growth. By contrast, Malaysia (X%), Thailand (X%) and Australia (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.), Australia (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, Taiwan (Chinese) ($X), Australia ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

India, with a CAGR of X%, 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, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Australia ($X per unit), while Myanmar ($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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