Eastern Asia: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Eastern Asia

In 2021, the East Asian road tractor for semi-trailer market decreased by -0.8% to $X, falling for the fourth consecutive year after six years of growth. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.6% against 2017 indices. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Eastern Asia

In value terms, road tractor for semi-trailer production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 23%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Road Tractors For Semi-Trailers

Exports in Eastern Asia

Road tractor for semi-trailer exports surged to X units in 2021, picking up by 68% compared with 2020 figures. Overall, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, road tractor for semi-trailer exports skyrocketed to $X in 2021. In general, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was near 88% of total exports in 2021. It was distantly followed by Japan (X units), constituting an 8.6% share of total exports. South Korea (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the road tractors for semi-trailers exports, with a CAGR of +13.5% from 2012 to 2021. At the same time, South Korea (+1.5%) displayed positive paces of growth. By contrast, Japan (-6.8%) illustrated a downward trend over the same period. China (+29 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Japan saw its share reduced by -2.9% and -25.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest road tractor for semi-trailer supplier in Eastern Asia, comprising 86% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.4% share of total exports.

In China, road tractor for semi-trailer exports increased at an average annual rate of +13.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-5.1% per year) and South Korea (+3.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, increasing by 7% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 10%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the other leaders experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports in Eastern Asia

In 2021, supplies from abroad of road tractors for semi-trailers increased by 47% to X units, rising for the second consecutive year after three years of decline. Total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.2% against 2019 indices. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 41% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) and South Korea (X units) represented the largest importers of road tractors for semi-trailers in Eastern Asia, together achieving 78% of total imports. Japan (X units) held the next position in the ranking, distantly followed by Taiwan (Chinese) (X units). All these countries together took approx. 20% share of total imports. Hong Kong SAR (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +12.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 90% of total imports.

In terms of the main importing countries, China, with a CAGR of +13.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, waning by -9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2017 an increase of 37%. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :