Southern Asia: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in Southern Asia

After two years of decline, the South Asian road tractor for semi-trailer market increased by 63% to $X in 2021. Over the period under review, consumption, however, showed a pronounced downturn. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Road Tractors For Semi-Trailers in Southern Asia

In value terms, road tractor for semi-trailer production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 30%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Road Tractors For Semi-Trailers

Exports in Southern Asia

In 2021, exports of road tractors for semi-trailers in Southern Asia soared to X units, picking up by 69% against the previous year's figure. Overall, exports posted a remarkable increase. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, road tractor for semi-trailer exports soared to $X in 2021. In general, exports enjoyed a strong increase. 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

India represented the largest exporting country with an export of around X units, which accounted for 78% of total exports. It was distantly followed by Pakistan (X units), making up a 21% share of total exports.

India was also the fastest-growing in terms of the road tractors for semi-trailers exports, with a CAGR of +15.0% from 2012 to 2021. At the same time, Pakistan (+10.5%) displayed positive paces of growth. While the share of India (+7.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Pakistan (-6.3 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest road tractor for semi-trailer supplier in Southern Asia, comprising 83% of total exports. The second position in the ranking was held by Pakistan ($X), with a 16% share of total exports.

In India, road tractor for semi-trailer exports increased at an average annual rate of +9.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, jumping by 39% against the previous year. Overall, the export price, however, showed a pronounced reduction. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while Pakistan totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-4.9%).

Imports of Road Tractors For Semi-Trailers

Imports in Southern Asia

In 2021, approx. X units of road tractors for semi-trailers were imported in Southern Asia; rising by 177% against 2020 figures. Over the period under review, imports posted moderate growth. 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 resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Afghanistan represented the main importing country with an import of around X units, which finished at 70% of total imports. Pakistan (X units) ranks second in terms of the total imports with a 17% share, followed by Sri Lanka (8.6%). Bangladesh (X units) followed a long way behind the leaders.

Afghanistan experienced a relatively flat trend pattern with regard to volume of imports of road tractors for semi-trailers. At the same time, Sri Lanka (+22.1%), Pakistan (+17.6%) and Bangladesh (+17.3%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +22.1% from 2012-2021. While the share of Pakistan (+12 p.p.), Sri Lanka (+6.8 p.p.) and Bangladesh (+2.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Afghanistan (-21 p.p.) displayed negative dynamics.

In value terms, Afghanistan ($X) constitutes the largest market for imported road tractors for semi-trailers in Southern Asia, comprising 66% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 22% share of total imports. It was followed by Sri Lanka, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Afghanistan amounted to +3.6%. In the other countries, the average annual rates were as follows: Pakistan (+20.3% per year) and Sri Lanka (+10.3% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, growing by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Afghanistan (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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