China: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in China

The Chinese transportation vehicle body market reached $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption recorded a prominent increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Transportation Vehicle Body Production in China

In value terms, transportation vehicle body production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded prominent growth. The growth pace was the most rapid in 2019 when the production volume increased by 38%. Transportation vehicle body production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports from China

In 2022, overseas shipments of bodies for motor vehicles for the transporting people increased by 49% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 250% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, transportation vehicle body exports soared to $X in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 180%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Iran (X units) was the main destination for transportation vehicle body exports from China, accounting for a 48% share of total exports. Moreover, transportation vehicle body exports to Iran exceeded the volume sent to the second major destination, Russia (X units), twofold. Vietnam (X units) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Iran totaled +142.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+40.3% per year) and Vietnam (+94.8% per year).

In value terms, Iran ($X) remains the key foreign market for bodies for motor vehicles for the transporting people exports from China, comprising 81% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 4.5% share of total exports. It was followed by India, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Iran totaled +181.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+6.3% per year) and India (+20.8% per year).

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, growing by 41% against the previous year. In general, the export price, however, showed a slight reduction. The pace of growth appeared the most rapid in 2019 an increase of 81%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+43.4%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into China

Transportation vehicle body imports into China declined dramatically to X units in 2022, reducing by -72.4% compared with the year before. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, transportation vehicle body imports shrank remarkably to $X in 2022. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 153% against the previous year. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

The UK (X units), Japan (X units) and South Korea (X units) were the main suppliers of transportation vehicle body imports to China, together accounting for 64% of total imports. Germany, Spain, the United States and France lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +36.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to China, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to -13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-19.2% per year) and the UK (+14.1% per year).

Import Prices by Country

In 2022, the average transportation vehicle body import price amounted to $X per unit, waning by -24.3% against the previous year. In general, the import price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by 52%. As a result, import price reached the peak level of $X per unit, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for South Korea ($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 United States (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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