Eastern Asia: Special Vehicle Body Market 2025

Special Vehicle Body Market Size in Eastern Asia

In 2022, the East Asian special vehicle body market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Special Vehicle Body Production in Eastern Asia

In value terms, special vehicle body production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Special Vehicle Body Exports

Exports in Eastern Asia

In 2022, the amount of bodies for special purpose motor vehicles exported in Eastern Asia expanded significantly to X units, increasing by X% against the previous year. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, special vehicle body exports soared to $X in 2022. Overall, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China represented the key exporter of bodies for special purpose motor vehicles in Eastern Asia, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Japan (X units), creating a X% share of total exports.

China was also the fastest-growing in terms of the bodies for special purpose motor vehicles exports, with a CAGR of X% from 2012 to 2022. At the same time, Japan (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Japan ($X) and China ($X) constituted the countries with the highest levels of exports in 2022.

Japan, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, special vehicle body export price increased by X% against 2020 indices. The growth pace was the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Special Vehicle Body Imports

Imports in Eastern Asia

Special vehicle body imports dropped to X units in 2022, with a decrease of X% compared with the previous year. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then reduced in the following year.

In value terms, special vehicle body imports reduced slightly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

Taiwan (Chinese) prevails in imports structure, recording X units, which was near X% of total imports in 2022. It was distantly followed by China (X units), Japan (X units) and Hong Kong SAR (X units), together achieving a X% share of total imports. South Korea (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to special vehicle body imports into Taiwan (Chinese) stood at X%. At the same time, South Korea (X%), China (X%), Hong Kong SAR (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China, South Korea and Hong Kong SAR increased by X, X and X percentage points, respectively.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported bodies for special purpose motor vehicles in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In Taiwan (Chinese), special vehicle body imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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