ASEAN: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Exports

Exports in ASEAN

In 2023, shipments abroad of cargo trailers and semi-trailers decreased by X% to X units, falling for the second year in a row after two years of growth. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, trailer and semi-trailer exports soared to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of cargo trailers and semi-trailers, namely Thailand, Malaysia and Singapore, represented more than two-thirds of total export. Indonesia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (X%). Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest trailer and semi-trailer supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Thailand stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2023, the export price in ASEAN amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports in ASEAN

In 2023, approx. X units of cargo trailers and semi-trailers were imported in ASEAN; with an increase of X% against 2022 figures. In general, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, trailer and semi-trailer imports surged to $X in 2023. Total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

The Philippines (X units) and Thailand (X units) were the main importers of cargo trailers and semi-trailers in 2023, recording near X% and X% of total imports, respectively. Vietnam (X units) ranks next in terms of the total imports with a X% share, followed by Malaysia (X%). Singapore (X units) and Indonesia (X units) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported cargo trailers and semi-trailers in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with an X% share of total imports. It was followed by Singapore, with an X% share.

In Vietnam, trailer and semi-trailer imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2023, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform