Thailand: Special Vehicle Body Market 2025

Special Vehicle Body Market Size in Thailand

The Thai special vehicle body market soared to $X in 2022, with an increase of X% against the previous year. Overall, consumption saw a remarkable increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Special Vehicle Body Production in Thailand

In value terms, special vehicle body production soared to $X in 2022 estimated in export price. In general, production, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Special Vehicle Body Exports

Exports from Thailand

In 2022, overseas shipments of bodies for special purpose motor vehicles increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, special vehicle body exports soared to $X in 2022. Over the period under review, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Japan (X units), South Africa (X units) and Australia (X units) were the main destinations of special vehicle body exports from Thailand, with a combined X% share of total exports. Indonesia, Egypt, Myanmar, Lao People's Democratic Republic and India lagged somewhat behind, together accounting for a further X%.

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

In value terms, South Africa ($X) remains the key foreign market for bodies for special purpose motor vehicles exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the average special vehicle body export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced more modest paces of growth.

Special Vehicle Body Imports

Imports into Thailand

For the fourth year in a row, Thailand recorded decline in overseas purchases of bodies for special purpose motor vehicles, which decreased by X% to X units in 2022. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, special vehicle body imports fell sharply to $X in 2022. Overall, imports saw a noticeable descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of special vehicle body to Thailand, accounting for a X% share of total imports. Moreover, special vehicle body imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at X%.

In value terms, the largest special vehicle body suppliers to Thailand were Japan ($X) and China ($X).

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average special vehicle body import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, special vehicle body import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Japan totaled $X per unit.

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

Source: IndexBox Platform

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