Europe: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in Europe

The Europe transportation vehicle body market rose sharply to $X in 2022, picking up by 11% against the previous year. In general, consumption continues to indicate a significant increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Transportation Vehicle Body Production in Europe

In value terms, transportation vehicle body production declined to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.1% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Transportation Vehicle Body Exports

Exports in Europe

In 2022, shipments abroad of bodies for motor vehicles for the transporting people increased by 24% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, transportation vehicle body exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) and the UK (X units) were the major exporters of bodies for motor vehicles for the transporting people in 2022, resulting at approx. 23% and 20% of total exports, respectively. Italy (X units) took the next position in the ranking, followed by Spain (X units), Germany (X units), Belgium (X units), Slovenia (X units) and Poland (X units). All these countries together held near 41% share of total exports. The Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +94.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest transportation vehicle body supplier in Europe, comprising 53% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 12% share of total exports. It was followed by Italy, with a 5.3% share.

In Germany, transportation vehicle body exports contracted by an average annual rate of -1.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (-4.4% per year) and Italy (+8.0% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, with a decrease of -5.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 125% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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 Germany ($X per unit), while France ($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 (+17.7%), while the other leaders experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports in Europe

In 2022, overseas purchases of bodies for motor vehicles for the transporting people increased by 23% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, saw a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 127% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, transportation vehicle body imports declined markedly to $X in 2022. Over the period under review, imports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 96%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X units), the UK (X units) and Spain (X units) was the major importer of bodies for motor vehicles for the transporting people in Europe, making up 60% of total import. Russia (X units) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (9.3%) and Greece (5.2%). Italy (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +31.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported bodies for motor vehicles for the transporting people in Europe, comprising 72% of total imports. The second position in the ranking was held by the UK ($X), with a 13% share of total imports. It was followed by Italy, with a 3.4% share.

In Russia, transportation vehicle body imports shrank by an average annual rate of -7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+3.4% per year) and Italy (+6.8% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, declining by -32.6% against the previous year. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2020 when the import price increased by 144%. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood 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 Russia ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform