U.S.: Motor Vehicle Body Market 2021

Motor Vehicle Body Market Size in the U.S.

The U.S. motor vehicle body market shrank to $X in 2019, dropping by -X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Motor vehicle body consumption peaked at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Motor Vehicle Body Production in the U.S.

In value terms, motor vehicle body production stood at $X in 2019. Over the period under review, production recorded a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Motor vehicle body production peaked in 2019 and is likely to see gradual growth in years to come.

Motor Vehicle Body Exports

Exports from the U.S.

In 2019, approx. X units of motor vehicle bodies were exported from the U.S.; increasing by X% against the previous year. Overall, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, motor vehicle body exports reduced to $X in 2019. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% y-o-y. As a result, exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Thailand (X units), Russia (X units) and the Netherlands (X units) were the main destinations of motor vehicle body exports from the U.S., with a combined X% share of total exports. These countries were followed by Canada, India, Malaysia, Australia, Nigeria and Brazil, which together accounted for a further X 2013 to 2019, the biggest increases were in Nigeria (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for motor vehicle body exports from the U.S., comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of value to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+X% per year) and Thailand (+X% per year).

Export Prices by Country

In 2019, the average motor vehicle body export price amounted to $X per unit, reducing by -X% against the previous year. Overall, the export price faced a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2019, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($X per unit), while the average price for exports to Nigeria ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced a decline.

Motor Vehicle Body Imports

Imports into the U.S.

Motor vehicle body imports into the U.S. stood at X units in 2019, increasing by X% compared with the year before. Over the period under review, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to continue growth in the immediate term.

In value terms, motor vehicle body imports dropped modestly to $X in 2019. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Germany (X units) and Canada (X units) were the main suppliers of motor vehicle body imports to the U.S., with a combined X% share of total imports. These countries were followed by Mexico, Spain, India and Portugal, which together accounted for a further X 2013 to 2019, the biggest increases were in Portugal (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of motor vehicle body to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2013 to 2019, the average annual growth rate of value from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Japan (-X% per year).

Import Prices by Country

The average motor vehicle body import price stood at $X per unit in 2019, waning by -X% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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