Thailand: Invalid Carriage Market 2024

Invalid Carriage Market Size in Thailand

The Thai invalid carriage market expanded remarkably to $X in 2022, rising by 8.6% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.8% against 2020 indices. Invalid carriage consumption peaked in 2022 and is likely to see steady growth in years to come.

Invalid Carriage Production in Thailand

In value terms, invalid carriage production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 30% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Invalid Carriage Exports

Exports from Thailand

In 2022, shipments abroad of invalid carriages not mechanically propelled increased by 14% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 492% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, invalid carriage exports shrank to $X in 2022. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 289% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Australia (X units), New Zealand (X units) and China (X units) were the main destinations of invalid carriage exports from Thailand, with a combined 87% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +74.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for invalid carriage exported from Thailand were Australia ($X), New Zealand ($X) and the United States ($X), with a combined 84% share of total exports. Hong Kong SAR, the United Arab Emirates and China lagged somewhat behind, together accounting for a further 9.2%.

In terms of the main countries of destination, China, with a CAGR of +64.1%, saw the highest growth rate of 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 2022, the average invalid carriage export price amounted to $X per unit, falling by -22.1% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2016 an increase of 102% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to China ($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 Hong Kong SAR (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Invalid Carriage Imports

Imports into Thailand

In 2022, purchases abroad of invalid carriages not mechanically propelled increased by 27% to X units, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, invalid carriage imports expanded sharply to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of invalid carriage to Thailand, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.3%.

In value terms, China ($X) constituted the largest supplier of invalid carriages not mechanically propelled to Thailand.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.3%.

Import Prices by Country

The average invalid carriage import price stood at $X per unit in 2022, reducing by -10.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :