EU: Truck Market 2025

Truck Market Size in the EU

The EU truck market totaled $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Truck Production in the EU

In value terms, truck production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% 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 2019 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Truck Exports

Exports in the EU

In 2022, exports of trucks in the European Union fell to X units, which is down by -13.4% against 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 11% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, truck exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the five major exporters of trucks, namely Italy, France, Poland, Germany and Spain, represented more than two-thirds of total export. It was distantly followed by Belgium (X units), committing a 5.3% share of total exports. The Netherlands (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +7.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest truck supplying countries in the European Union were Germany ($X), France ($X) and Spain ($X), with a combined 49% share of total exports. Italy, Poland, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 34%.

In terms of the main exporting countries, Poland, with a CAGR of +7.8%, saw the highest rates of growth with regard to 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

In 2022, the export price in the European Union amounted to $X per unit, increasing by 2.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by 4.9% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Italy ($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 Netherlands (+7.4%), while the other leaders experienced more modest paces of growth.

Truck Imports

Imports in the EU

In 2022, the amount of trucks imported in the European Union declined to X units, reducing by -10.8% on 2021. The total import volume increased at an average annual rate of +2.4% over the period 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 2016 with an increase of 20%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, truck imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

France (X units) and Germany (X units) represented roughly 39% of total imports in 2022. Italy (X units) held an 8% share (based on physical terms) of total imports, which put it in second place, followed by Spain (7.4%), Belgium (7%), Poland (5.7%) and the Netherlands (5.6%). Sweden (X units), the Czech Republic (X units), Denmark (X units), Portugal (X units), Ireland (X units) and Romania (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 48% share of total imports. The Netherlands, Spain, Belgium, Poland, Sweden, Denmark, the Czech Republic, Ireland, Romania and Portugal lagged somewhat behind, together accounting for a further 38%.

In terms of the main importing countries, Spain, with a CAGR of +12.9%, saw the highest growth rate of 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 2022, the import price in the European Union amounted to $X per unit, remaining stable against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 7.5%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat 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 the Netherlands ($X per unit), while Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :