Eastern Asia: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in Eastern Asia

In 2022, the East Asian snow motor vehicle market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Snow Motor Vehicle Production in Eastern Asia

In value terms, snow motor vehicle production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 40% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Snow Motor Vehicle Exports

Exports in Eastern Asia

After two years of growth, shipments abroad of motor vehicles for travelling on snow or golf cars decreased by -24.9% to X units in 2022. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, the exports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, snow motor vehicle exports rose rapidly to $X in 2022. Over the period under review, exports, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 102% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was near 96% of total exports in 2022. Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars exports, with a CAGR of +7.0% from 2012 to 2022. Taiwan (Chinese) (-4.2%) illustrated a downward trend over the same period. China (+9.5 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) saw its share reduced by -5.4% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest snow motor vehicle supplier in Eastern Asia, comprising 98% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.4% share of total exports.

In China, snow motor vehicle exports expanded at an average annual rate of +16.5% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, rising by 48% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, snow motor vehicle export price increased by +94.4% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%).

Snow Motor Vehicle Imports

Imports in Eastern Asia

In 2022, the amount of motor vehicles for travelling on snow or golf cars imported in Eastern Asia fell notably to X units, reducing by -26.9% compared with the year before. In general, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, snow motor vehicle imports expanded rapidly to $X in 2022. Overall, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X units) and Japan (X units) dominates imports structure, together comprising 83% of total imports. China (X units) held the next position in the ranking, followed by Taiwan (Chinese) (X units). All these countries together took approx. 15% share of total imports. Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +6.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, South Korea ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 93% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 6.4%.

Taiwan (Chinese), with a CAGR of +5.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, jumping by 46% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 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 China ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :