China: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in China

The Chinese market for motor vehicle chassis fitted with engines rose notably to $X in 2022, growing by 5.3% against the previous year. Overall, consumption, however, recorded a slight curtailment. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in China

In value terms, production of motor vehicle chassis fitted with engines expanded significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 28% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from China

Exports of motor vehicle chassis fitted with engines from China surged to X units in 2022, increasing by 45% against the year before. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 114% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of motor vehicle chassis fitted with engines stood at $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 261%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India (X units), Mexico (X units) and Turkey (X units) were the main destinations of exports of motor vehicle chassis fitted with engines from China, with a combined 52% share of total exports. The UK, Iran, Israel, Colombia, Malaysia, Indonesia, Venezuela, Vietnam, Tanzania and Ecuador lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +137.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Israel ($X) and India ($X) constituted the largest markets for motor vehicle chassis fitted with engines exported from China worldwide, together accounting for 62% of total exports.

In terms of the main countries of destination, Israel, with a CAGR of +127.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, waning by -30.6% against the previous year. Overall, the export price, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 when the average export price increased by 93%. As a result, the export price reached the peak level of $X per unit, and then fell rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Vietnam ($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 Colombia (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into China

In 2022, overseas purchases of motor vehicle chassis fitted with engines increased by 22% to X units for the first time since 2016, thus ending a five-year declining trend. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 69% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines rose notably to $X in 2022. In general, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 69%. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X units) constituted the largest supplier of motor vehicle chassis fitted with engines to China, accounting for a 74% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from Sweden exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden amounted to -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.6% per year) and Japan (-28.5% per year).

In value terms, Sweden ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to China, comprising 75% of total imports. The second position in the ranking was taken by Spain ($X), with a 6.7% share of total imports. It was followed by Tanzania, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-1.0% per year) and Tanzania (0.0% per year).

Import Prices by Country

In 2022, the average import price for motor vehicle chassis fitted with engines amounted to $X per unit, falling by -9.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 74% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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