South-Eastern Asia: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in South-Eastern Asia

The Southeast Asian road tractor for semi-trailer market skyrocketed to $X in 2021, increasing by 56% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Road Tractors For Semi-Trailers in South-Eastern Asia

In value terms, road tractor for semi-trailer production soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 28%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Road Tractors For Semi-Trailers

Exports in South-Eastern Asia

In 2021, road tractor for semi-trailer exports in South-Eastern Asia soared to X units, jumping by 150% on the previous year. In general, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, road tractor for semi-trailer exports skyrocketed to $X in 2021. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 184%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Thailand (X units) was the main exporter of road tractors for semi-trailers, comprising 70% of total exports. It was distantly followed by Malaysia (X units) and Lao People's Democratic Republic (X units), together generating a 26% share of total exports. Myanmar (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to road tractor for semi-trailer exports from Thailand stood at +27.8%. At the same time, Lao People's Democratic Republic (+82.1%), Myanmar (+42.3%) and Malaysia (+6.3%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +82.1% from 2012-2021. While the share of Thailand (+35 p.p.), Lao People's Democratic Republic (+12 p.p.) and Myanmar (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-23.7 p.p.) displayed negative dynamics.

In value terms, the largest road tractor for semi-trailer supplying countries in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Lao People's Democratic Republic ($X), with a combined 97% share of total exports.

Lao People's Democratic Republic, with a CAGR of +55.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, reducing by -39.7% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Road Tractors For Semi-Trailers

Imports in South-Eastern Asia

In 2021, the amount of road tractors for semi-trailers imported in South-Eastern Asia surged to X units, with an increase of 113% on the previous year. Over the period under review, imports recorded a resilient increase. 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 skyrocketed to $X in 2021. In general, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam was the major importing country with an import of about X units, which accounted for 52% of total imports. The Philippines (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (9.8%), Indonesia (5.3%) and Lao People's Democratic Republic (5.2%). The following importers - Cambodia (X units) and Thailand (X units) - each resulted at a 6.5% share of total imports.

Imports into Vietnam increased at an average annual rate of +25.3% from 2012 to 2021. At the same time, Lao People's Democratic Republic (+35.6%), Cambodia (+19.3%), the Philippines (+13.0%) and Malaysia (+1.9%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +35.6% from 2012-2021. By contrast, Indonesia (-7.2%) and Thailand (-13.2%) illustrated a downward trend over the same period. While the share of Vietnam (+38 p.p.), the Philippines (+4.8 p.p.), Lao People's Democratic Republic (+4.5 p.p.) and Cambodia (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-7.4 p.p.), Indonesia (-16.1 p.p.) and Thailand (-20.6 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported road tractors for semi-trailers in South-Eastern Asia, comprising 54% of total imports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total imports. It was followed by the Philippines, with a 6.7% share.

In Vietnam, road tractor for semi-trailer imports increased at an average annual rate of +28.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+2.2% per year) and the Philippines (+14.0% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, picking up by 9.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 11% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Malaysia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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