Eastern Asia: Market for Motor Vehicle Chassis Fitted With Engines 2025

Market Size for Motor Vehicle Chassis Fitted With Engines in Eastern Asia

The East Asian market for motor vehicle chassis fitted with engines rose rapidly to $X in 2022, picking up by 5.1% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Motor Vehicle Chassis Fitted With Engines in Eastern Asia

In value terms, production of motor vehicle chassis fitted with engines totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by 20% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports in Eastern Asia

In 2022, overseas shipments of motor vehicle chassis fitted with engines increased by 13% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a perceptible slump. Over the period under review, the exports of reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, exports of motor vehicle chassis fitted with engines expanded markedly to $X in 2022. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 75%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan was the largest exporter of motor vehicle chassis fitted with engines in Eastern Asia, with the volume of exports resulting at X units, which was approx. 87% of total exports in 2022. It was distantly followed by China (X units), achieving a 12% share of total exports.

Exports from Japan decreased at an average annual rate of -4.9% from 2012 to 2022. At the same time, China (+15.6%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +15.6% from 2012-2022. From 2012 to 2022, the share of China increased by +10 percentage points.

In value terms, the largest motor vehicle chassis fitted with engines supplying countries in Eastern Asia were China ($X) and Japan ($X).

China, with a CAGR of +24.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, declining by -2.9% against the previous year. In general, the export price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when the export price increased by 72%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Japan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.0%).

Imports of Motor Vehicle Chassis Fitted With Engines

Imports in Eastern Asia

In 2022, imports of motor vehicle chassis fitted with engines in Eastern Asia shrank markedly to X units, waning by -19.8% on 2021. In general, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 74% against the previous year. Over the period under review, imports of reached the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines contracted slightly to $X in 2022. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 29% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X units) was the major importer of motor vehicle chassis fitted with engines, committing 71% of total imports. It was distantly followed by Hong Kong SAR (X units), China (X units) and Japan (X units), together generating a 29% share of total imports.

Imports into Taiwan (Chinese) increased at an average annual rate of +3.7% from 2012 to 2022. At the same time, Japan (+56.0%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +56.0% from 2012-2022. By contrast, Hong Kong SAR (-6.5%) and China (-12.4%) illustrated a downward trend over the same period. Taiwan (Chinese) (+29 p.p.) and Japan (+4.9 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and China saw its share reduced by -10.3% and -18.1% from 2012 to 2022, respectively.

In value terms, the largest motor vehicle chassis fitted with engines importing markets in Eastern Asia were Taiwan (Chinese) ($X), Hong Kong SAR ($X) and China ($X), with a combined 94% share of total imports. Japan lagged somewhat behind, accounting for a further 5.3%.

Japan, with a CAGR of +71.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, rising by 20% against the previous year. In general, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the import price increased by 52%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($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 (+9.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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