China: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in China

After five years of decline, the Chinese snow motor vehicle market increased by 541% to $X in 2022. Over the period under review, consumption, however, saw a abrupt shrinkage. Snow motor vehicle consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Snow Motor Vehicle Production in China

In value terms, snow motor vehicle production dropped slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 47%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Snow Motor Vehicle Exports

Exports from China

After two years of growth, overseas shipments of motor vehicles for travelling on snow or golf cars decreased by -25.6% to X units in 2022. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of 56%. As a result, the exports reached the peak of X units, and then dropped notably in the following year.

In value terms, snow motor vehicle exports rose notably to $X in 2022. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 107%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for snow motor vehicle exports from China, with a 38% share of total exports. Moreover, snow motor vehicle exports to the United States exceeded the volume sent to the second major destination, Canada (X units), fivefold. The third position in this ranking was held by Mexico (X units), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+16.2% per year) and Mexico (+14.4% per year).

In value terms, the United States ($X) remains the key foreign market for motor vehicles for travelling on snow or golf cars exports from China, comprising 46% of total exports. The second position in the ranking was taken by Canada ($X), with a 6.4% share of total exports. It was followed by Vietnam, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+20.5% per year) and Vietnam (+59.9% per year).

Export Prices by Country

The average snow motor vehicle export price stood at $X per unit in 2022, rising by 50% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the Netherlands ($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 Australia (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into China

In 2022, overseas purchases of motor vehicles for travelling on snow or golf cars increased by 50% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, faced a abrupt shrinkage. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, snow motor vehicle imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a pronounced reduction. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X units) constituted the largest snow motor vehicle supplier to China, accounting for a 51% share of total imports. Moreover, snow motor vehicle imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico amounted to +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-0.1% per year) and the United States (-26.9% per year).

In value terms, Mexico ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to China, comprising 63% of total imports. The second position in the ranking was taken by Canada ($X), with a 15% share of total imports. It was followed by Finland, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value from Mexico amounted to +16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+0.2% per year) and Finland (+38.2% per year).

Import Prices by Country

The average snow motor vehicle import price stood at $X per unit in 2022, picking up by 13% against the previous year. Over the period under review, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 56%. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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