South-Eastern Asia: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in South-Eastern Asia

The Southeast Asian transportation vehicle body market contracted to $X in 2022, waning by -2% against the previous year. Overall, consumption, however, posted a prominent increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Transportation Vehicle Body Production in South-Eastern Asia

In value terms, transportation vehicle body production contracted to $X in 2022 estimated in export price. In general, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 72% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Transportation Vehicle Body Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of bodies for motor vehicles for the transporting people, when their volume decreased by -10.3% to X units. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 62%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, transportation vehicle body exports surged to $X in 2022. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 43% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Thailand (X units) was the largest exporter of bodies for motor vehicles for the transporting people, achieving 77% of total exports. Malaysia (X units) ranks second in terms of the total exports with a 13% share, followed by Indonesia (10%).

From 2012 to 2022, average annual rates of growth with regard to transportation vehicle body exports from Thailand stood at -6.8%. At the same time, Indonesia (+52.9%) and Malaysia (+45.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +52.9% from 2012-2022. From 2012 to 2022, the share of Malaysia and Indonesia increased by +13 and +10 percentage points, respectively.

In value terms, Thailand ($X) remains the largest transportation vehicle body supplier in South-Eastern Asia, comprising 65% of total exports. The second position in the ranking was held by Indonesia ($X), with a 31% share of total exports.

In Thailand, transportation vehicle body exports increased at an average annual rate of +8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+58.4% per year) and Malaysia (+20.2% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, increasing by 33% against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2019 when the export price increased by 92% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Malaysia ($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 (+15.9%), while the other leaders experienced mixed trends in the export price figures.

Transportation Vehicle Body Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of bodies for motor vehicles for the transporting people increased by 22% to X units, rising for the second consecutive year after three years of decline. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 343%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, transportation vehicle body imports contracted sharply to $X in 2022. Over the period under review, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 106%. The level of import peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

Myanmar represented the largest importer of bodies for motor vehicles for the transporting people in South-Eastern Asia, with the volume of imports resulting at X units, which was near 50% of total imports in 2022. Malaysia (X units) took the second position in the ranking, distantly followed by Thailand (X units) and the Philippines (X units). All these countries together took approx. 49% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +74.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 98% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +51.8%, saw 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

The import price in South-Eastern Asia stood at $X per unit in 2022, falling by -43.5% against the previous year. Over the period under review, the import price saw a noticeable descent. The pace of growth appeared the most rapid in 2016 an increase of 227%. The level of import peaked at $X per unit in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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