United Kingdom: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in the UK

In 2021, the UK road tractor for semi-trailer market increased by 117% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption recorded a noticeable increase. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Road Tractors For Semi-Trailers in the UK

In value terms, road tractor for semi-trailer production declined rapidly to $X in 2021 estimated in export price. In general, production recorded a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 507% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Road Tractors For Semi-Trailers

Exports from the UK

In 2021, overseas shipments of road tractors for semi-trailers decreased by -28.8% to X units, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 26% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, road tractor for semi-trailer exports reduced to $X in 2021. Over the period under review, exports saw a pronounced decline. The pace of growth was the most pronounced in 2018 when exports increased by 34%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kenya (X units), Tanzania (X units) and Namibia (X units) were the main destinations of road tractor for semi-trailer exports from the UK, together comprising 38% of total exports. These countries were followed by Zambia, Senegal, Zimbabwe, Ireland, Nigeria, Burkina Faso, Mexico, China, Ghana and Germany, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +79.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for road tractor for semi-trailer exported from the UK were Kenya ($X), Tanzania ($X) and Ireland ($X), together accounting for 41% of total exports. These countries were followed by Zambia, Namibia, Zimbabwe, Mexico, Germany, Senegal, Burkina Faso, Ghana, Nigeria and China, which together accounted for a further 30%.

China, with a CAGR of +102.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average road tractor for semi-trailer export price stood at $X per unit in 2021, picking up by 22% against the previous year. In general, the export price saw a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports into the UK

Road tractor for semi-trailer imports into the UK soared to X units in 2021, with an increase of 116% compared with the previous year's figure. In general, imports recorded a measured increase. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports soared to $X in 2021. Over the period under review, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main suppliers of road tractor for semi-trailer imports to the UK, with a combined 32% share of total imports. Belgium, Sweden, Poland and Spain lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +30.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer suppliers to the UK were the Netherlands ($X), Germany ($X) and France ($X), together accounting for 32% of total imports. These countries were followed by Sweden, Belgium, Poland and Spain, which together accounted for a further 17%.

Poland, with a CAGR of +33.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average road tractor for semi-trailer import price stood at $X per unit in 2021, with an increase of 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.7%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Sweden ($X per unit) and the Netherlands ($X per unit), while the price for Poland ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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