EU: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in the EU

In 2021, the EU road tractor for semi-trailer market increased by 24% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, saw a mild reduction. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Road Tractors For Semi-Trailers in the EU

In value terms, road tractor for semi-trailer production stood at $X in 2021 estimated in export price. In general, production, however, saw a pronounced decline. The pace of growth was the most pronounced in 2014 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Road Tractors For Semi-Trailers

Exports in the EU

After two years of decline, overseas shipments of road tractors for semi-trailers increased by 21% to X units in 2021. Over the period under review, exports, however, continue to indicate a slight decrease. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, road tractor for semi-trailer exports soared to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X units), Germany (X units), Belgium (X units), France (X units), Poland (X units), Spain (X units) and Sweden (X units) represented roughly 85% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +18.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), together comprising 58% of total exports. These countries were followed by France, Sweden, Spain and Poland, which together accounted for a further 34%.

In terms of the main exporting countries, Spain, with a CAGR of +19.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, increasing by 17% against the previous year. Export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of 32%. The level of export peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+11.4%), while the other leaders experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports in the EU

In 2021, overseas purchases of road tractors for semi-trailers were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, road tractor for semi-trailer imports soared to $X in 2021. The total import value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X units), followed by Italy (X units), Germany (X units), France (X units), the Netherlands (X units), Ireland (X units), Slovakia (X units), Lithuania (X units) and Belgium (X units) represented the major importers of road tractors for semi-trailers, together generating 79% of total imports. The following importers - Spain (X units), Austria (X units), the Czech Republic (X units) and Romania (X units) - together made up 12% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ireland (with a CAGR of +43.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2021, together comprising 41% of total imports. Germany, Lithuania, Belgium, Spain, the Netherlands, Austria, the Czech Republic, Romania, Slovakia and Ireland lagged somewhat behind, together accounting for a further 48%.

Ireland, with a CAGR of +20.5%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, falling by -10.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2018 when the import price increased by 11%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was France ($X per unit), while Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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