Asia-Pacific: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in Asia-Pacific

In 2022, the Asia-Pacific snow motor vehicle market was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a perceptible shrinkage. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Snow Motor Vehicle Production in Asia-Pacific

In value terms, snow motor vehicle production totaled $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Snow Motor Vehicle Exports

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas shipments of motor vehicles for travelling on snow or golf cars, when their volume decreased by X% to X units. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted significantly in the following year.

In value terms, snow motor vehicle exports expanded notably to $X in 2022. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China dominates exports structure, amounting to X units, which was near X% of total exports in 2022. Taiwan (Chinese) (X units) held a minor share of total exports.

China was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest snow motor vehicle supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, snow motor vehicle exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, rising by X% against the previous year. In general, the export price posted buoyant growth. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat 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 China ($X per unit), while Taiwan (Chinese) amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Snow Motor Vehicle Imports

Imports in Asia-Pacific

In 2022, purchases abroad of motor vehicles for travelling on snow or golf cars increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, snow motor vehicle imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Thailand represented the key importing country with an import of about X units, which amounted to X% of total imports. It was distantly followed by Australia (X units), the Philippines (X units), South Korea (X units), New Zealand (X units) and Japan (X units), together mixing up a X% share of total imports. Singapore (X units) followed a long way behind the leaders.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%), the Philippines (X%), Japan (X%), Singapore (X%) and Australia (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) illustrated a downward trend over the same period. Thailand (X p.p.), the Philippines (X p.p.) and New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest snow motor vehicle importing markets in Asia-Pacific were Australia ($X), New Zealand ($X) and Thailand ($X), together comprising X% of total imports.

New Zealand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a perceptible contraction. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 New Zealand ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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