South-Eastern Asia: Road Wheel Market 2025

Road Wheel Market Size in South-Eastern Asia

The Southeast Asian road wheel market was estimated at $X in 2022, approximately mirroring the previous year. In general, consumption saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the market value increased by 4.9% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Road Wheel Production in South-Eastern Asia

In value terms, road wheel production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by 5.1%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Road Wheel Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of road wheels decreased by -5.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.9% against 2013 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, road wheel exports stood at $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.9% against 2017 indices. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Thailand represented the key exporter of road wheels in South-Eastern Asia, with the volume of exports reaching X tons, which was approx. 61% of total exports in 2022. Indonesia (X tons) ranks second in terms of the total exports with a 24% share, followed by Vietnam (6.7%) and Malaysia (6%).

Exports from Thailand increased at an average annual rate of +11.0% from 2012 to 2022. At the same time, Vietnam (+12.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +12.5% from 2012-2022. By contrast, Malaysia (-1.2%) and Indonesia (-1.8%) illustrated a downward trend over the same period. Thailand (+27 p.p.) and Vietnam (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Indonesia saw its share reduced by -4.9% and -22% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest road wheel supplier in South-Eastern Asia, comprising 59% of total exports. The second position in the ranking was held by Indonesia ($X), with a 25% share of total exports. It was followed by Vietnam, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to +9.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (-0.1% per year) and Vietnam (+11.3% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, picking up by 11% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Malaysia ($X per ton) and Indonesia ($X per ton), while Thailand ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Road Wheel Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of road wheels decreased by -2.7% to X tons in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.6% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 17% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, road wheel imports amounted to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.5% against 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Thailand represented the key importer of road wheels in South-Eastern Asia, with the volume of imports resulting at X tons, which was approx. 48% of total imports in 2022. Indonesia (X tons) held the second position in the ranking, followed by Malaysia (X tons) and Vietnam (X tons). All these countries together held approx. 47% share of total imports. Singapore (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to road wheel imports into Thailand stood at +5.2%. At the same time, Indonesia (+7.1%) and Vietnam (+4.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +7.1% from 2012-2022. By contrast, Malaysia (-1.3%) and Singapore (-2.5%) illustrated a downward trend over the same period. Thailand (+7.7 p.p.) and Indonesia (+6.3 p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Malaysia saw its share reduced by -1.6% and -11.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported road wheels in South-Eastern Asia, comprising 46% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 19% share of total imports. It was followed by Indonesia, with a 17% share.

In Thailand, road wheel imports increased at an average annual rate of +6.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (-0.2% per year) and Indonesia (+9.8% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, growing by 6.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2019 an increase of 22% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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