United Kingdom: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in the UK

In 2022, the UK transportation vehicle body market decreased by -57.4% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption continues to indicate a abrupt contraction. Transportation vehicle body consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Transportation Vehicle Body Production in the UK

In value terms, transportation vehicle body production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 51% against the previous year. Transportation vehicle body production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Transportation Vehicle Body Exports

Exports from the UK

In 2022, overseas shipments of bodies for motor vehicles for the transporting people increased by 51% to X units, rising for the second year in a row after five years of decline. In general, exports continue to indicate a measured expansion. The growth pace was the most rapid in 2021 with an increase of 159% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, transportation vehicle body exports surged to $X in 2022. Overall, exports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 126% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for transportation vehicle body exports from the UK, with a 43% share of total exports. Moreover, transportation vehicle body exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X units), twofold. India (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.7% per year) and India (+22.2% per year).

In value terms, the Netherlands ($X), Germany ($X) and India ($X) were the largest markets for transportation vehicle body exported from the UK worldwide, with a combined 40% share of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +48.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, reducing by -16.1% against the previous year. Overall, the export price, however, enjoyed a slight increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 109%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into the UK

Transportation vehicle body imports into the UK contracted to X units in 2022, waning by -10.1% on the previous year's figure. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 35%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, transportation vehicle body imports contracted remarkably to $X in 2022. In general, imports, however, recorded moderate growth. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then declined dramatically in the following year.

Imports by Country

Hungary (X units), Italy (X units) and France (X units) were the main suppliers of transportation vehicle body imports to the UK, together accounting for 69% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +151.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to the UK, comprising 71% of total imports. The second position in the ranking was taken by Italy ($X), with a 13% share of total imports. It was followed by Canada, with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.0% per year) and Canada (+14.6% per year).

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, shrinking by -44.1% against the previous year. Over the period under review, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 84% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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