Southern Asia: Non-Propelled Vehicle Market 2025

Non-Propelled Vehicle Market Size in Southern Asia

The South Asian non-propelled vehicle market amounted to $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Non-Propelled Vehicle Production in Southern Asia

In value terms, non-propelled vehicle production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 46% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Non-Propelled Vehicle Exports

Exports in Southern Asia

In 2021, non-propelled vehicle exports in Southern Asia skyrocketed to X units, increasing by 279% compared with the previous year's figure. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 283%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, non-propelled vehicle exports soared to $X in 2021. In general, exports saw significant growth. The pace of growth was the most pronounced in 2013 with an increase of 787% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, recording X units, which was approx. 95% of total exports in 2021. It was distantly followed by Bangladesh (X units), achieving a 4.6% share of total exports.

India was also the fastest-growing in terms of the vehicles not mechanically propelled exports, with a CAGR of +42.2% from 2012 to 2021. At the same time, Bangladesh (+1.7%) displayed positive paces of growth. From 2012 to 2021, the share of India increased by +46 percentage points.

In value terms, India ($X) remains the largest non-propelled vehicle supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 4.2% share of total exports.

In India, non-propelled vehicle exports increased at an average annual rate of +32.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, waning by -6.9% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2013 an increase of 131%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per unit), while Bangladesh amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (-4.2%).

Non-Propelled Vehicle Imports

Imports in Southern Asia

In 2021, the amount of vehicles not mechanically propelled imported in Southern Asia soared to X units, increasing by 114% compared with the previous year's figure. In general, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle imports surged to $X in 2021. Over the period under review, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, accounting for X units, which was approx. 84% of total imports in 2021. It was distantly followed by Bangladesh (X units), committing an 8.1% share of total imports. Sri Lanka (X units) and Maldives (X units) held a little share of total imports.

India was also the fastest-growing in terms of the vehicles not mechanically propelled imports, with a CAGR of +26.2% from 2012 to 2021. At the same time, Maldives (+8.7%) and Bangladesh (+5.4%) displayed positive paces of growth. By contrast, Sri Lanka (-13.6%) illustrated a downward trend over the same period. India (+51 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh and Sri Lanka saw its share reduced by -8% and -36.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported vehicles not mechanically propelled in Southern Asia, comprising 81% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 6.6% share of total imports. It was followed by Sri Lanka, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +19.3%. In the other countries, the average annual rates were as follows: Bangladesh (+1.0% per year) and Sri Lanka (-9.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, falling by -27.8% against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of 13%. The level of import peaked at $X per unit in 2020, and then dropped remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Maldives ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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