Thailand: Civil Reaction Engine Market 2025

Civil Reaction Engine Market Size in Thailand

In 2021, after nine years of growth, there was decline in the Thai civil reaction engine market, when its value decreased by -0.1% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Civil Reaction Engine Production in Thailand

In value terms, civil reaction engine production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 0.7%. Civil reaction engine production peaked at $X in 2020, and then contracted in the following year.

Civil Reaction Engine Exports

Exports from Thailand

In 2021, shipments abroad of civil reaction engines decreased by -62.8% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2014 when exports increased by 344,925% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, civil reaction engine exports contracted rapidly to $X in 2021. In general, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 319,982%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam (X units) was the main destination for civil reaction engine exports from Thailand, with a 44% share of total exports. Moreover, civil reaction engine exports to Vietnam exceeded the volume sent to the second major destination, Sri Lanka (X units), twofold. The third position in this ranking was held by Hong Kong SAR (X units), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam amounted to +71.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (0.0% per year) and Hong Kong SAR (-34.2% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for civil reaction engines exports from Thailand, comprising 63% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 17% share of total exports. It was followed by Singapore, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam totaled +102.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-35.7% per year) and Singapore (-7.6% per year).

Export Prices by Country

The average civil reaction engine export price stood at $X per unit in 2021, waning by -55.2% against the previous year. In general, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 455%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Civil Reaction Engine Imports

Imports into Thailand

After three years of decline, purchases abroad of civil reaction engines increased by 310% to X units in 2021. Over the period under review, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 2,390% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, civil reaction engine imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 4,858%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest civil reaction engine supplier to Thailand, with a 76% share of total imports. Moreover, civil reaction engine imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+71.1% per year) and South Korea (+64.0% per year).

In value terms, the largest civil reaction engine suppliers to Thailand were China ($X), the United States ($X) and South Korea ($X), together accounting for 86% of total imports.

Among the main suppliers, China, with a CAGR of +31.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average civil reaction engine import price stood at $X per unit in 2021, dropping by -69.6% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 6,662% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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