Overview of the Global Market for Road Tractors For Semi-Trailers

Market Size for Road Tractors For Semi-Trailers

After four years of decline, the global road tractor for semi-trailer market increased by 15% to $X in 2021. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Global consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers

In value terms, road tractor for semi-trailer production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 7.4%. Global production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Road Tractors For Semi-Trailers

Exports

In 2021, global exports of road tractors for semi-trailers was estimated at X units, with an increase of 14% against 2020 figures. The total export volume increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by 19%. Over the period under review, the global exports reached the maximum at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, road tractor for semi-trailer exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Mexico (X units), distantly followed by the Netherlands (X units), Germany (X units), China (X units), Belgium (X units), France (X units), the United States (X units) and Poland (X units) represented the largest exporters of road tractors for semi-trailers, together constituting 78% of total exports. Spain (X units), Sweden (X units), Brazil (X units) and Lithuania (X units) followed a long way behind the leaders.

Exports from Mexico increased at an average annual rate of +15.2% from 2012 to 2021. At the same time, Poland (+18.6%), China (+13.5%), Lithuania (+10.1%), Spain (+9.6%) and Brazil (+2.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +18.6% from 2012-2021. France and the Netherlands experienced a relatively flat trend pattern. By contrast, Belgium (-1.1%), the United States (-3.4%), Sweden (-7.8%) and Germany (-10.7%) illustrated a downward trend over the same period. While the share of Mexico (+18 p.p.), China (+4.6 p.p.), Poland (+3.5 p.p.) and Spain (+2 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Belgium (-1.8 p.p.), the Netherlands (-2.1 p.p.), the United States (-2.9 p.p.), Sweden (-4.1 p.p.) and Germany (-19.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest road tractor for semi-trailer supplying countries worldwide were Mexico ($X), the Netherlands ($X) and Germany ($X), with a combined 49% share of global exports. These countries were followed by Belgium, France, the United States, Sweden, Spain, China, Poland, Brazil and Lithuania, which together accounted for a further 42%.

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

Export Prices by Country

The average road tractor for semi-trailer export price stood at $X per unit in 2021, picking up by 20% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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 ($X per unit), while Lithuania ($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 global leaders experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports

After two years of decline, purchases abroad of road tractors for semi-trailers increased by 55% to X units in 2021. The total import volume increased at an average annual rate of +1.3% over the period 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 +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units), followed by Canada (X units), Poland (X units) and Italy (X units) represented the major importers of road tractors for semi-trailers, together mixing up 33% of total imports. The UK (X units), Germany (X units), France (X units), the Netherlands (X units), the United Arab Emirates (X units), Ireland (X units), Russia (X units), Slovakia (X units) and Lithuania (X units) followed a long way behind the leaders.

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 global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported road tractors for semi-trailers worldwide, comprising 22% of global imports. The second position in the ranking was taken by the UK ($X), with a 7.4% share of global imports. It was followed by Poland, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +5.9%. In the other countries, the average annual rates were as follows: the UK (+7.8% per year) and Poland (+8.5% per year).

Import Prices by Country

The average road tractor for semi-trailer import price stood at $X per unit in 2021, shrinking by -6.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 5.2% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per unit), while Ireland ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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