Thailand: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Thailand

The Thai off-highway dumper market skyrocketed to $X in 2021, growing by 132% against the previous year. In general, consumption, however, showed a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Off-Highway Dumper Production in Thailand

In value terms, off-highway dumper production totaled $X in 2021 estimated in export price. Overall, production saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 with a decrease of -26.1% against the previous year. Off-highway dumper production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Off-Highway Dumper Exports

Exports from Thailand

In 2021, approx. X units of dumpers for off-highway use were exported from Thailand; dropping by -62.3% compared with 2020. Over the period under review, exports showed a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 43%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, off-highway dumper exports soared to $X in 2021. In general, exports, however, saw a strong increase. The growth pace was the most rapid in 2015 when exports increased by 169%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), India (X units) and Mexico (X units) were the main destinations of off-highway dumper exports from Thailand, together comprising 51% of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +64.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), India ($X) and Russia ($X) were the largest markets for off-highway dumper exported from Thailand worldwide, together accounting for 45% of total exports.

Among the main countries of destination, India, with a CAGR of +103.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average off-highway dumper export price amounted to $X per unit, picking up by 486% against the previous year. Overall, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Lao People's Democratic Republic ($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 Russia (+193.3%), while the prices for the other major destinations experienced more modest paces of growth.

Off-Highway Dumper Imports

Imports into Thailand

In 2021, purchases abroad of dumpers for off-highway use decreased by -26.1% to X units, falling for the fourth year in a row after three years of growth. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 172%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, off-highway dumper imports fell sharply to $X in 2021. In general, imports recorded a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 251% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of off-highway dumper to Thailand, with a 94% share of total imports. Moreover, off-highway dumper imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +40.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-35.4% per year) and Japan (-35.0% per year).

In value terms, China ($X) constituted the largest supplier of dumpers for off-highway use to Thailand, comprising 90% of total imports. The second position in the ranking was taken by India ($X), with a 9% share of total imports. It was followed by Japan, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +43.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-28.5% per year) and Japan (-39.6% per year).

Import Prices by Country

In 2021, the average off-highway dumper import price amounted to $X per unit, surging by 10% against the previous year. In general, the import price saw a pronounced increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 115%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :