Thailand: Motor Grader Market 2024

Motor Grader Market Size in Thailand

After two years of growth, the Thai motor grader market decreased by -27.1% to $X in 2022. Overall, consumption, however, enjoyed slight growth. Motor grader consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Motor Grader Production in Thailand

In value terms, motor grader production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 6.9%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Motor Grader Exports

Exports from Thailand

In 2022, overseas shipments of motor graders and levellers increased by 2.9% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 59% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, motor grader exports fell modestly to $X in 2022. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 49%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units) was the main destination for motor grader exports from Thailand, accounting for a 61% share of total exports. Moreover, motor grader exports to Indonesia exceeded the volume sent to the second major destination, the Philippines (X units), sixfold. South Africa (X units) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+6.2% per year) and South Africa (-10.0% per year).

In value terms, Indonesia ($X) remains the key foreign market for motor graders and levellers exports from Thailand, comprising 61% of total exports. The second position in the ranking was held by the Philippines ($X), with a 9.3% share of total exports. It was followed by South Africa, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+2.7% per year) and South Africa (-8.5% per year).

Export Prices by Country

The average motor grader export price stood at $X per unit in 2022, with a decrease of -7% against the previous year. Overall, the export price saw a mild contraction. The pace of growth was the most pronounced in 2021 an increase of 45% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 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 South Africa ($X per unit), while the average price for exports to Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+1.6%), while the prices for the other major destinations experienced a decline.

Motor Grader Imports

Imports into Thailand

After two years of growth, supplies from abroad of motor graders and levellers decreased by -39% to X units in 2022. Over the period under review, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 203% against the previous year. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, motor grader imports reduced remarkably to $X in 2022. In general, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 with an increase of 119% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of motor grader imports to Thailand, together accounting for 94% of total imports. Brazil and Canada lagged somewhat behind, together accounting for a further 5.6%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +17.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of motor graders and levellers to Thailand, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with a 26% share of total imports. It was followed by Japan, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.5% per year) and Japan (+2.1% per year).

Import Prices by Country

The average motor grader import price stood at $X per unit in 2022, jumping by 17% against the previous year. Overall, the import price, however, saw a mild downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, 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 China ($X per unit), while the price for Canada ($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 (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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