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Thailand - Steering Wheels, Steering Columns And Steering Boxes - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Thailand - Steering Wheels, Steering Columns And Steering Boxes - Market Analysis, Forecast, Size, Trends And Insights

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Jul 23, 2023

Price of Thailand's Steering Wheels and Columns Increases Slightly to $13.7 per kg

Thailand Steering Wheels And Columns Export Price in May 2023

In May 2023, the steering wheels and columns price amounted to $13,665 per ton (FOB, Thailand), increasing by 3.7% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 7.7% month-to-month. As a result, the export price reached the peak level of $14,017 per ton. From February 2023 to May 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In May 2023, the country with the highest price was Vietnam ($22,488 per ton), while the average price for exports to Mexico ($8,756 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Steering Wheels And Columns in Thailand (USD per ton)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Vietnam24,28822,78020,12020,82520,20319,67322,89723,41023,19420,41020,54222,09622,488
Brazil15,64015,84815,56716,28715,73916,03515,59419,70719,57018,26423,01921,46918,611
India15,55514,41313,88213,47514,21314,57417,16015,70216,08514,39615,69015,65817,767
Philippines14,81315,26314,94215,73714,42015,48116,25417,13716,92115,94915,94915,77817,125
Pakistan14,65419,77718,06420,83215,39411,71011,58415,08121,97214,84514,53215,18516,636
Indonesia15,14315,59414,92616,10416,28214,78216,69615,50017,10315,44415,55914,91015,354
Malaysia12,23410,99510,55610,86911,14611,03210,78610,34313,52214,07714,11714,67414,401
South Africa13,30213,74812,69015,53713,92014,91215,62514,94315,10215,09314,08412,77813,224
Argentina11,52211,18110,73212,21512,11310,15111,43211,16010,55110,12611,95012,69613,104
Czech Republic11,32511,50610,84411,17610,10310,49311,39511,72811,88211,14611,07012,17412,202
Japan14,09415,67314,07213,84611,88911,53211,27814,25612,99913,13111,97213,00311,942
United States9,82310,46710,00110,72410,10110,15110,81210,54510,8439,8979,9759,76610,189
Mexico7,8568,3157,9638,5968,5958,22310,0309,3159,1787,8638,2778,4998,756
Average13,07213,23012,23513,00912,62212,53713,09913,01114,01712,97113,30013,18013,665

Thailand Steering Wheels And Columns Exports

Steering wheels and columns exports from Thailand surged to 2.7K tons in May 2023, with an increase of 43% compared with the month before. In general, exports, however, recorded a mild contraction.

In value terms, steering wheels and columns exports surged to $37M (IndexBox estimates) in May 2023. Overall, exports, however, recorded a mild shrinkage.

Thailand Steering Wheels And Columns Exports by Country

The United States (603 tons), Malaysia (420 tons) and Indonesia (401 tons) were the main destinations of steering wheels and columns exports from Thailand, with a combined 52% share of total exports. These countries were followed by South Africa, Mexico, Japan, the Philippines, Brazil, the Czech Republic, Argentina, India, Vietnam and Pakistan, which together accounted for a further 42%.

From May 2022 to May 2023, the biggest increases were in the Philippines (with a CAGR of +2.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($6.2M), the United States ($6.1M) and Malaysia ($6M) constituted the largest markets for steering wheels and columns exported from Thailand worldwide, with a combined 49% share of total exports. South Africa, Brazil, the Philippines, Mexico, Japan, India, Argentina, Vietnam, the Czech Republic and Pakistan lagged somewhat behind, together accounting for a further 44%.

In terms of the main countries of destination, the Philippines, with a CAGR of +3.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for steering wheels and columns in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 29323067 - Steering wheels, steering columns and steering boxes, parts thereof

Country coverage:

  • Thailand

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Thailand
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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