Thailand: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Thailand

For the third consecutive year, the Thai trailer and semi-trailer market recorded growth in sales value, which increased by 0.5% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Trailer And Semi-Trailer Production in Thailand

In value terms, trailer and semi-trailer production shrank to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 26%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Trailer And Semi-Trailer Exports

Exports from Thailand

In 2022, shipments abroad of cargo trailers and semi-trailers decreased by -32.5% to X units, falling for the fourth consecutive year after three years of growth. Overall, exports continue to indicate a slight setback. The pace of growth was the most pronounced in 2018 when exports increased by 559% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, trailer and semi-trailer exports reduced markedly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 1,810%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X units) was the main destination for trailer and semi-trailer exports from Thailand, with a 56% share of total exports. Moreover, trailer and semi-trailer exports to Vietnam exceeded the volume sent to the second major destination, China (X units), eightfold. Japan (X units) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to +40.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+49.6% per year) and Japan (+32.2% per year).

In value terms, Vietnam ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Thailand, comprising 56% of total exports. The second position in the ranking was taken by Australia ($X), with an 8.9% share of total exports. It was followed by China, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at +75.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+7.4% per year) and China (+220.0% per year).

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, surging by 24% against the previous year. In general, the export price continues to indicate a noticeable expansion. The growth pace was the most rapid in 2018 when the average export price increased by 190%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Myanmar ($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 China (+114.0%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Thailand

In 2022, supplies from abroad of cargo trailers and semi-trailers was finally on the rise to reach X units after four years of decline. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2013 when imports increased by 118% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, trailer and semi-trailer imports soared to $X in 2022. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 151% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest trailer and semi-trailer supplier to Thailand, with a 74% share of total imports. Moreover, trailer and semi-trailer imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by Brazil (X units), with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.0% per year) and Brazil (+227.1% per year).

In value terms, China ($X) constituted the largest supplier of cargo trailers and semi-trailers to Thailand, comprising 66% of total imports. The second position in the ranking was held by Germany ($X), with a 31% share of total imports. It was followed by Malaysia, with a 0.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.5% per year) and Malaysia (-20.1% per year).

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, waning by -15% against the previous year. In general, the import price, however, enjoyed a noticeable increase. The growth pace was the most rapid in 2016 an increase of 54% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform