Asia-Pacific: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Asia-Pacific

The Asia-Pacific trailer and semi-trailer market was estimated at $X in 2022, approximately equating the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the market value increased by 7.8%. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Trailer And Semi-Trailer Production in Asia-Pacific

In value terms, trailer and semi-trailer production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 9.6% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Trailer And Semi-Trailer Exports

Exports in Asia-Pacific

After two years of growth, shipments abroad of cargo trailers and semi-trailers decreased by -5.2% to X units in 2022. Overall, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 69%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced in the following year.

In value terms, trailer and semi-trailer exports rose rapidly to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +55.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 46%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X units) represented roughly 96% of total exports in 2022.

China was also the fastest-growing in terms of the cargo trailers and semi-trailers exports, with a CAGR of +15.6% from 2012 to 2022. While the share of China (+20 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest trailer and semi-trailer supplier in Asia-Pacific.

From 2012 to 2022, the average annual growth rate of value in China stood at +7.0%.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, growing by 20% against the previous year. In general, the export price, however, saw a deep reduction. The growth pace was the most rapid in 2014 an increase of 22%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -7.4% per year.

Trailer And Semi-Trailer Imports

Imports in Asia-Pacific

After two years of growth, supplies from abroad of cargo trailers and semi-trailers decreased by -12.2% to X units in 2022. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, trailer and semi-trailer imports fell to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X units) was the main importer of cargo trailers and semi-trailers, constituting 54% of total imports. New Zealand (X units) ranks second in terms of the total imports with an 11% share, followed by Afghanistan (4.8%). The following importers - Indonesia (X units), Japan (X units), Vietnam (X units), the Philippines (X units), India (X units) and Thailand (X units) - together made up 18% of total imports.

From 2012 to 2022, average annual rates of growth with regard to trailer and semi-trailer imports into Australia stood at +6.0%. At the same time, Vietnam (+8.7%), Thailand (+5.6%), New Zealand (+5.1%) and India (+1.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +8.7% from 2012-2022. Japan experienced a relatively flat trend pattern. By contrast, Afghanistan (-3.1%), the Philippines (-4.4%) and Indonesia (-7.6%) illustrated a downward trend over the same period. While the share of Australia (+20 p.p.), New Zealand (+3.6 p.p.) and Vietnam (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Philippines (-2.5 p.p.), Afghanistan (-2.6 p.p.) and Indonesia (-6.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cargo trailers and semi-trailers in Asia-Pacific, comprising 35% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia stood at +6.8%. In the other countries, the average annual rates were as follows: Vietnam (+16.1% per year) and Japan (+7.6% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2014 when the import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

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 Vietnam ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform