Japan: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in Japan

The Japanese transportation vehicle body market fell to $X in 2022, which is down by -10.5% against the previous year. In general, consumption, however, showed a strong expansion. Transportation vehicle body consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Transportation Vehicle Body Production in Japan

In value terms, transportation vehicle body production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a notable expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 72%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports from Japan

After two years of growth, shipments abroad of bodies for motor vehicles for the transporting people decreased by -30.2% to X units in 2022. Overall, exports continue to indicate a sharp slump. The growth pace was the most rapid in 2021 when exports increased by 176% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, transportation vehicle body exports reduced to $X in 2022. Over the period under review, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2016 when exports increased by 96% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Russia (X units) and China (X units) were the main destinations of transportation vehicle body exports from Japan, together comprising 12% of total exports. Turkey, India, Australia, the United Arab Emirates, Mexico, the UK, Belgium, Thailand and Uganda lagged somewhat behind, together accounting for a further 8.2%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +30.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and China ($X) appeared to be the largest markets for transportation vehicle body exported from Japan worldwide, together accounting for 58% of total exports.

Among the main countries of destination, India, with a CAGR of +26.9%, saw 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 average transportation vehicle body export price stood at $X per unit in 2022, with an increase of 33% against the previous year. Over the period under review, the export price recorded a slight expansion. The growth pace was the most rapid in 2013 an increase of 73% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Uganda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Transportation Vehicle Body Imports

Imports into Japan

In 2022, approx. X units of bodies for motor vehicles for the transporting people were imported into Japan; with a decrease of -12.2% on 2021. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 110%. As a result, imports reached the peak of X units, and then reduced in the following year.

In value terms, transportation vehicle body imports reached $X in 2022. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 63% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of transportation vehicle body to Japan, accounting for a 37% share of total imports. Moreover, transportation vehicle body imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. India (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.8% per year) and India (+24.6% per year).

In value terms, China ($X), Thailand ($X) and the United States ($X) were the largest transportation vehicle body suppliers to Japan, together comprising 80% of total imports. Indonesia, India and the UK lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Indonesia, with a CAGR of +33.1%, recorded 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 average transportation vehicle body import price amounted to $X per unit, with an increase of 18% against the previous year. Over the period under review, the import price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2020 an increase of 62%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+24.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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