Asia: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Asia

The Asian road tractor for semi-trailer market totaled $X in 2021, picking up by 7.4% against the previous year. The market value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Asia

In value terms, road tractor for semi-trailer production rose notably to $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.7% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 19% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Road Tractors For Semi-Trailers

Exports in Asia

In 2021, approx. X units of road tractors for semi-trailers were exported in Asia; rising by 63% against the previous year's figure. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +9.0% over the last nine-year period. 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 surged to $X in 2021. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 58%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near 76% of total exports in 2021. It was distantly followed by Japan (X units) and India (X units), together comprising a 12% share of total exports. The following exporters - South Korea (X units), Thailand (X units) and Turkey (X units) - together made up 6.9% of total exports.

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%), Turkey (+22.5%), India (+15.0%) and South Korea (+1.5%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, 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 +23, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest road tractor for semi-trailer supplier in Asia, comprising 59% of total exports. The second position in the ranking was taken by Turkey ($X), with a 27% share of total exports. It was followed by Japan, with a 6.4% share.

In China, road tractor for semi-trailer exports expanded at an average annual rate of +13.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (+29.8% per year) and Japan (-5.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, with a decrease of -9.6% against the previous year. Export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, road tractor for semi-trailer export price decreased by -27.1% against 2018 indices. The growth pace was the most rapid in 2018 when the export price increased by 20%. As a result, the export price attained the peak level of $X per unit. From 2019 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 Turkey ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.0%), while the other leaders experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports in Asia

In 2021, road tractor for semi-trailer imports in Asia surged to X units, with an increase of 66% on 2020 figures. Total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +79.8% against 2018 indices. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, road tractor for semi-trailer imports skyrocketed to $X in 2021. Total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.2% against 2018 indices. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units), Vietnam (X units), Saudi Arabia (X units), Afghanistan (X units), Kazakhstan (X units), China (X units), Turkey (X units), the Philippines (X units), South Korea (X units), Iran (X units), Georgia (X units) and Malaysia (X units) represented the largest importer of road tractors for semi-trailers in Asia, comprising 75% of total import. Oman (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +25.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 34% of total imports.

Vietnam, with a CAGR of +28.8%, recorded the highest growth rate of 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 stood at $X per unit in 2021, declining by -6.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 Turkey ($X per unit), while Georgia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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