South-Eastern Asia: Non-Propelled Vehicle Market 2025

Non-Propelled Vehicle Market Size in South-Eastern Asia

In 2021, the Southeast Asian non-propelled vehicle market increased by 11% to $X, rising for the fourth year in a row after four years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Non-Propelled Vehicle Production in South-Eastern Asia

In value terms, non-propelled vehicle production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 26%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Non-Propelled Vehicle Exports

Exports in South-Eastern Asia

In 2021, non-propelled vehicle exports in South-Eastern Asia skyrocketed to X units, jumping by 68% against the previous year's figure. Over the period under review, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle exports skyrocketed to $X in 2021. Overall, exports posted prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam prevails in exports structure, reaching X units, which was near 82% of total exports in 2021. It was distantly followed by Malaysia (X units), mixing up an 8.3% share of total exports. Singapore (X units), Thailand (X units) and Indonesia (X units) held a little share of total exports.

Vietnam was also the fastest-growing in terms of the vehicles not mechanically propelled exports, with a CAGR of +19.3% from 2012 to 2021. At the same time, Thailand (+7.2%) and Malaysia (+3.7%) displayed positive paces of growth. By contrast, Indonesia (-1.8%) and Singapore (-10.2%) illustrated a downward trend over the same period. Vietnam (+38 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, Malaysia and Singapore saw its share reduced by -4%, -7.5% and -22.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest non-propelled vehicle supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total exports. It was followed by Singapore, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +25.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+2.5% per year) and Singapore (-4.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, reducing by -18.2% against the previous year. Overall, the export price showed a slight decrease. The pace of growth was the most pronounced in 2016 an increase of 17%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Non-Propelled Vehicle Imports

Imports in South-Eastern Asia

In 2021, approx. X units of vehicles not mechanically propelled were imported in South-Eastern Asia; rising by 38% on the year before. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle imports soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X units), Malaysia (X units) and Indonesia (X units) represented roughly 72% of total imports in 2021. The Philippines (X units) ranks next in terms of the total imports with a 9.4% share, followed by Singapore (7.1%) and Vietnam (6.6%). Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Cambodia (with a CAGR of +19.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-propelled vehicle importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Malaysia ($X), with a combined 63% share of total imports. These countries were followed by Vietnam, Indonesia, the Philippines and Cambodia, which together accounted for a further 35%.

Among the main importing countries, Cambodia, with a CAGR of +20.4%, saw the highest rates of growth with regard to 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 2021, shrinking by -2.7% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 13%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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