Southern Asia: Market for Motor Vehicle Chassis Fitted With Engines 2025

Market Size for Motor Vehicle Chassis Fitted With Engines in Southern Asia

The South Asian market for motor vehicle chassis fitted with engines expanded modestly to $X in 2022, growing by 2.7% against the previous year. Overall, consumption recorded significant growth. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in Southern Asia

In value terms, production of motor vehicle chassis fitted with engines rose slightly to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 157%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports in Southern Asia

In 2022, the amount of motor vehicle chassis fitted with engines exported in Southern Asia declined modestly to X units, falling by -2.1% on the previous year. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines skyrocketed to $X in 2022. Over the period under review, exports, however, saw a pronounced increase. The growth pace was the most rapid in 2016 with an increase of 46% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The shipments of the one major exporters of motor vehicle chassis fitted with engines, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the motor vehicle chassis fitted with engines exports, with a CAGR of +11.7% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest motor vehicle chassis fitted with engines supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India stood at +2.4%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, jumping by 35% against the previous year. In general, the export price, however, saw a abrupt curtailment. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -8.3% per year.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports in Southern Asia

In 2022, the amount of motor vehicle chassis fitted with engines imported in Southern Asia declined modestly to X units, shrinking by -1.6% compared with the previous year. Overall, imports, however, recorded a slight increase. The pace of growth was the most pronounced in 2014 with an increase of 77% against the previous year. Over the period under review, imports of hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, imports of motor vehicle chassis fitted with engines fell to $X in 2022. Over the period under review, imports saw a mild setback. The pace of growth was the most pronounced in 2014 with an increase of 62% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Bangladesh (X units) was the main importer of motor vehicle chassis fitted with engines, creating 52% of total imports. India (X units) ranks second in terms of the total imports with a 29% share, followed by Nepal (12%) and Pakistan (5.1%). Sri Lanka (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +7.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Bangladesh ($X) constitutes the largest market for imported motor vehicle chassis fitted with engines in Southern Asia, comprising 51% of total imports. The second position in the ranking was held by India ($X), with a 21% share of total imports. It was followed by Nepal, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Bangladesh was relatively modest. In the other countries, the average annual rates were as follows: India (+3.1% per year) and Nepal (-6.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, waning by -7.3% against the previous year. Overall, the import price showed a perceptible reduction. The pace of growth appeared the most rapid in 2013 an increase of 14% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 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 Pakistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :