Asia-Pacific: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Asia-Pacific

The Asia-Pacific market for motor vehicle chassis fitted with engines totaled $X in 2022, growing by 4.4% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Motor Vehicle Chassis Fitted With Engines in Asia-Pacific

In value terms, production of motor vehicle chassis fitted with engines rose to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 18%. The level of production peaked 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 Asia-Pacific

After three years of decline, overseas shipments of motor vehicle chassis fitted with engines increased by 11% to X units in 2022. In general, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 25% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of motor vehicle chassis fitted with engines totaled $X in 2022. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Japan (X units), India (X units) and Thailand (X units), together reaching 85% of total export. Singapore (X units) took the next position in the ranking, followed by China (X units). All these countries together held approx. 13% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +15.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest motor vehicle chassis fitted with engines supplying countries in Asia-Pacific were China ($X), India ($X) and Japan ($X), with a combined 97% share of total exports.

China, with a CAGR of +24.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, increasing by 3.7% against the previous year. Over the period under review, the export price, however, showed a slight setback. The growth pace was the most rapid in 2021 an increase of 87%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports in Asia-Pacific

In 2022, imports of motor vehicle chassis fitted with engines in Asia-Pacific stood at X units, increasing by 6.6% against the year before. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 252%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of motor vehicle chassis fitted with engines contracted to $X in 2022. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, imports of hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

The Philippines dominates engines structure, finishing at X units, which was near 84% of total imports in 2022. It was distantly followed by Bangladesh (X units), mixing up a 4.6% share of total imports. India (X units), Taiwan (Chinese) (X units) and Malaysia (X units) took a relatively small 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. At the same time, India (+7.9%), Bangladesh (+4.1%) and Taiwan (Chinese) (+3.7%) displayed positive paces of growth. By contrast, Malaysia (-4.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines increased by +38 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motor vehicle chassis fitted with engines importing markets in Asia-Pacific were Taiwan (Chinese) ($X), Bangladesh ($X) and Malaysia ($X), together accounting for 36% of total imports. The Philippines and India lagged somewhat behind, together comprising a further 15%.

Among the main importing countries, the Philippines, with a CAGR of +22.2%, recorded the highest rates of growth with regard to 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-Pacific amounted to $X per unit, dropping by -13.1% against the previous year. Over the period under review, the import price recorded a abrupt setback. The pace of growth was the most pronounced in 2020 an increase of 239%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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