Europe: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Europe

In 2021, the Europe road tractor for semi-trailer market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, saw a slight contraction. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in Europe

In value terms, road tractor for semi-trailer production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 9.5%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Road Tractors For Semi-Trailers

Exports in Europe

In 2021, shipments abroad of road tractors for semi-trailers was finally on the rise to reach X units after two years of decline. In general, exports, however, showed a pronounced descent. The growth pace was the most rapid in 2018 with an increase of 20%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

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 +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X units), Germany (X units), Belgium (X units), France (X units), Poland (X units), Spain (X units) and Sweden (X units) was the largest exporter of road tractors for semi-trailers in Europe, constituting 82% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +18.6%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Belgium ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 57% share 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 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

The export price in Europe stood at $X per unit in 2021, picking up by 18% against the previous year. Export price indicated tangible 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 most prominent rate of growth was recorded in 2015 an increase of 31%. The level of export peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Europe

In 2021, overseas purchases of road tractors for semi-trailers were finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X units), followed by Italy (X units), the UK (X units), Germany (X units), France (X units), the Netherlands (X units) and Ireland (X units) represented the main importers of road tractors for semi-trailers, together comprising 57% of total imports. The following importers - Russia (X units), Slovakia (X units), Lithuania (X units), Ukraine (X units), Belgium (X units) and Spain (X units) - together made up 24% 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, the UK ($X), Poland ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 36% share of total imports. These countries were followed by Italy, Germany, Russia, Lithuania, Belgium, Spain, the Netherlands, Slovakia, Ukraine and Ireland, which together accounted for a further 42%.

Ireland, with a CAGR of +20.5%, 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

In 2021, the import price in Europe amounted to $X per unit, dropping by -2.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 8.7%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per unit), while Ireland ($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