South-Eastern Asia: Special Vehicle Body Market 2025

Special Vehicle Body Market Size in South-Eastern Asia

The Southeast Asian special vehicle body market rose remarkably to $X in 2022, increasing by X% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Special Vehicle Body Production in South-Eastern Asia

In value terms, special vehicle body production rose notably to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Special Vehicle Body Exports

Exports in South-Eastern Asia

In 2022, after four years of decline, there was significant growth in overseas shipments of bodies for special purpose motor vehicles, when their volume increased by X% to X units. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, special vehicle body exports rose significantly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X units) represented the main exporter of bodies for special purpose motor vehicles in South-Eastern Asia, making up X% of total export.

Thailand was also the fastest-growing in terms of the bodies for special purpose motor vehicles exports, with a CAGR of X% from 2012 to 2022. Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) also remains the largest special vehicle body supplier in South-Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at X%.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, showed strong growth. The pace of growth appeared the most rapid in 2013 an increase of X%. The level of export peaked at $X per unit in 2021, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to X% per year.

Special Vehicle Body Imports

Imports in South-Eastern Asia

Special vehicle body imports fell to X units in 2022, reducing by X% against 2021. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, special vehicle body imports soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Myanmar was the key importing country with an import of around X units, which recorded X% of total imports. The Philippines (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%) and Malaysia (X%). Indonesia (X units) held a little share of total imports.

Myanmar was also the fastest-growing in terms of the bodies for special purpose motor vehicles imports, with a CAGR of X% from 2012 to 2022. At the same time, Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Thailand (X%) illustrated a downward trend over the same period. Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Thailand and the Philippines saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported bodies for special purpose motor vehicles in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

In Indonesia, special vehicle body imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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