EU: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in the EU

In 2022, the EU trailer and semi-trailer market increased by 50% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Trailer And Semi-Trailer Production in the EU

In value terms, trailer and semi-trailer production expanded remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The level of production peaked in 2022 and is likely to continue growth in the immediate term.

Trailer And Semi-Trailer Exports

Exports in the EU

In 2022, overseas shipments of cargo trailers and semi-trailers increased by 2.1% to X units, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by 22%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, trailer and semi-trailer exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Poland (X units), distantly followed by Germany (X units), the Netherlands (X units) and Belgium (X units) were the largest exporters of cargo trailers and semi-trailers, together generating 66% of total exports. The following exporters - France (X units), Estonia (X units), Slovakia (X units), Denmark (X units), Lithuania (X units), Italy (X units), the Czech Republic (X units), Slovenia (X units) and Hungary (X units) - together made up 25% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +7.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest trailer and semi-trailer supplier in the European Union, comprising 43% of total exports. The second position in the ranking was taken by Poland ($X), with an 11% share of total exports. It was followed by the Netherlands, with an 11% share.

In Germany, trailer and semi-trailer exports expanded at an average annual rate of +2.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+9.3% per year) and the Netherlands (+8.1% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, with an increase of 4.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2018 when the export price increased by 13%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.3%), while the other leaders experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports in the EU

In 2022, approx. X units of cargo trailers and semi-trailers were imported in the European Union; shrinking by -7.3% compared with 2021. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% 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 +19.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, trailer and semi-trailer imports expanded significantly to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +45.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X units), followed by France (X units), Poland (X units), Greece (X units), the Netherlands (X units), Sweden (X units), Denmark (X units) and Lithuania (X units) were the main importers of cargo trailers and semi-trailers, together comprising 61% of total imports. The Czech Republic (X units), Romania (X units), Spain (X units), Italy (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Greece (with a CAGR of +11.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Poland ($X) were the countries with the highest levels of imports in 2022, together comprising 38% of total imports. France, Italy, Denmark, Belgium, Lithuania, Sweden, Romania, the Czech Republic, Spain and Greece lagged somewhat behind, together comprising a further 43%.

Italy, with a CAGR of +14.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, surging by 15% against the previous year. Over the period under review, the import price recorded a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform