Global Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size

In 2022, the global trailer and semi-trailer market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Trailer And Semi-Trailer Production

In value terms, trailer and semi-trailer production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 14%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Trailer And Semi-Trailer Exports

Exports

In 2022, approx. X units of cargo trailers and semi-trailers were exported worldwide; approximately mirroring 2021 figures. In general, total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51%. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, trailer and semi-trailer exports skyrocketed to $X in 2022. Overall, total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, China (X units), Poland (X units), Mexico (X units), Guyana (X units), Germany (X units), the Netherlands (X units), the UK (X units) and the United States (X units) was the key exporter of cargo trailers and semi-trailers in the world, making up 72% of total export. Belgium (X units), Russia (X units), Turkey (X units), France (X units) and Estonia (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Guyana (with a CAGR of +116.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest trailer and semi-trailer supplying countries worldwide were Germany ($X), Mexico ($X) and the United States ($X), with a combined 52% share of global exports. China, Poland, the Netherlands, Turkey, Belgium, France, the UK, Russia, Estonia and Guyana lagged somewhat behind, together comprising a further 29%.

Among the main exporting countries, Guyana, with a CAGR of +22.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, surging by 20% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the other global leaders experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports

In 2022, overseas purchases of cargo trailers and semi-trailers increased by 12% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 27%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, trailer and semi-trailer imports surged to $X in 2022. In general, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units) and the UK (X units) were the major importers of cargo trailers and semi-trailersacross the globe, together making up 30% of total imports. Canada (X units) took a 6.5% share (based on physical terms) of total imports, which put it in second place, followed by Germany (4.7%). France (X units), Poland (X units), Australia (X units), Greece (X units), the Netherlands (X units), Sweden (X units), Denmark (X units), Lithuania (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Greece (with a CAGR of +11.7%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported cargo trailers and semi-trailers worldwide, comprising 24% of global imports. The second position in the ranking was taken by Canada ($X), with a 9% share of global imports. It was followed by Germany, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +14.1%. In the other countries, the average annual rates were as follows: Canada (+1.1% per year) and Germany (+8.6% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, increasing by 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 an increase of 12%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform