Malaysia: Market for Road Tractors For Semi-Trailers 2025

Market Size for Road Tractors For Semi-Trailers in Malaysia

In 2021, after two years of decline, there was significant growth in the Malaysian road tractor for semi-trailer market, when its value increased by 91% to $X. Over the period under review, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Road tractor for semi-trailer consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Road Tractors For Semi-Trailers

Exports from Malaysia

In 2021, shipments abroad of road tractors for semi-trailers decreased by -7.9% to X units, falling for the second year in a row after two years of growth. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by 153% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer exports reduced to $X in 2021. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 193% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X units), the Philippines (X units) and South Korea (X units) were the main destinations of road tractor for semi-trailer exports from Malaysia, with a combined 58% share of total exports. These countries were followed by Sri Lanka, Australia, Turkey and Mexico, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +150.0%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), South Korea ($X) and the Philippines ($X) constituted the largest markets for road tractor for semi-trailer exported from Malaysia worldwide, with a combined 58% share of total exports. Australia, Sri Lanka, Turkey and Mexico lagged somewhat behind, together comprising a further 35%.

Turkey, with a CAGR of +69.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other 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 3.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2020 an increase of 61%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per unit) and Mexico ($X per unit), while the average price for exports to Vietnam ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into Malaysia

In 2021, purchases abroad of road tractors for semi-trailers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.9% against 2018 indices. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, road tractor for semi-trailer imports surged to $X in 2021. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.0% against 2018 indices. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and Brazil (X units) were the main suppliers of road tractor for semi-trailer imports to Malaysia, together accounting for 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer suppliers to Malaysia were Thailand ($X), Brazil ($X) and China ($X), together comprising 71% of total imports.

Among the main suppliers, Thailand, with a CAGR of +51.4%, 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 2021, the average road tractor for semi-trailer import price amounted to $X per unit, picking up by 8.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 27% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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