Asia-Pacific: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Asia-Pacific

In 2021, the Asia-Pacific road tractor for semi-trailer market increased by 5.9% to $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Asia-Pacific

In value terms, road tractor for semi-trailer production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Road Tractors For Semi-Trailers

Exports in Asia-Pacific

In 2021, exports of road tractors for semi-trailers in Asia-Pacific surged to X units, growing by 70% against 2020. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, road tractor for semi-trailer exports soared to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near 78% of total exports in 2021. Japan (X units) held a 7.7% share (based on physical terms) of total exports, which put it in second place, followed by India (4.9%). South Korea (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to road tractor for semi-trailer exports from China stood at +13.5%. At the same time, Thailand (+27.8%), India (+15.0%) and South Korea (+1.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +27.8% from 2012-2021. By contrast, Japan (-6.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, India and Thailand increased by +26, +2 and +1.7 percentage points, respectively.

In value terms, China ($X) remains the largest road tractor for semi-trailer supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was taken by Japan ($X), with an 8.9% share of total exports. It was followed by South Korea, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +13.8%. In the other countries, the average annual rates were as follows: Japan (-5.1% per year) and South Korea (+3.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, with an increase of 5.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the export price increased by 13% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, 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 South Korea ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the other leaders experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports in Asia-Pacific

In 2021, supplies from abroad of road tractors for semi-trailers was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, road tractor for semi-trailer imports surged to $X in 2021. Total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X units), Australia (X units), Afghanistan (X units), China (X units), the Philippines (X units) and South Korea (X units) represented roughly 75% of total imports in 2021. Malaysia (X units), Pakistan (X units), Japan (X units), Indonesia (X units) and Lao People's Democratic Republic (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +35.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer importing markets in Asia-Pacific were Vietnam ($X), Australia ($X) and China ($X), with a combined 53% share of total imports. South Korea, Afghanistan, Malaysia, Japan, the Philippines, Pakistan, Lao People's Democratic Republic and Indonesia lagged somewhat behind, together accounting for a further 34%.

Lao People's Democratic Republic, with a CAGR of +38.3%, saw the highest growth rate of the value of imports, among 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

In 2021, the import price in Asia-Pacific amounted to $X per unit, dropping by -6.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 13%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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