Thailand: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2024

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in Thailand

For the fourth year in a row, the Thai market for diesel or semi-diesel electric generating sets of output under X kVA recorded growth in sales value, which increased by 37% to $X in 2021. Overall, consumption enjoyed a prominent expansion. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports from Thailand

Exports of diesel or semi-diesel electric generating sets of output under X kVA from Thailand soared to X units in 2021, growing by 59% on 2020 figures. In general, exports, however, continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 62%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA declined to $X in 2021. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 62%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output under X kVA from Thailand, accounting for a 68% share of total exports. Moreover, exports of diesel or semi-diesel electric generating sets of output under X kVA to Canada exceeded the volume sent to the second major destination, Malaysia (X units), fivefold. The third position in this ranking was held by Lao People's Democratic Republic (X units), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +91.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+18.5% per year) and Lao People's Democratic Republic (-9.1% per year).

In value terms, Canada ($X) emerged as the key foreign market for diesel or semi-diesel electric generating sets of output under X kVA exports from Thailand, comprising 64% of total exports. The second position in the ranking was held by Malaysia ($X), with a 15% share of total exports. It was followed by Lao People's Democratic Republic, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +114.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+12.8% per year) and Lao People's Democratic Republic (-14.5% per year).

Export Prices by Country

In 2021, the average export price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, declining by -46.5% against the previous year. Over the period under review, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 16%. The export price peaked at $X per unit in 2020, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Indonesia ($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 Japan (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports into Thailand

Imports of diesel or semi-diesel electric generating sets of output under X kVA into Thailand surged to X units in 2021, with an increase of 38% compared with the year before. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 44%. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA shrank to $X in 2021. Overall, imports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of 35% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of diesel or semi-diesel electric generating set of output under X kVA to Thailand, accounting for a 71% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output under X kVA from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), ninefold. The third position in this ranking was taken by Indonesia (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+66.5% per year) and Indonesia (+81.2% per year).

In value terms, China ($X) constituted the largest supplier of diesel or semi-diesel electric generating sets of output under X kVA to Thailand, comprising 62% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 8.6% share of total imports. It was followed by Indonesia, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+152.3% per year) and Indonesia (+66.7% per year).

Import Prices by Country

The average import price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, reducing by -32.8% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 2.8% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood 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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :