Thailand: Snow Motor Vehicle Market 2025

Snow Motor Vehicle Market Size in Thailand

In 2022, the Thai snow motor vehicle market increased by 46% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption posted a strong expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Snow Motor Vehicle Production in Thailand

In value terms, snow motor vehicle production fell slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by 1.7% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Snow Motor Vehicle Exports

Exports from Thailand

In 2022, shipments abroad of motor vehicles for travelling on snow or golf cars decreased by -29.5% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 223% against the previous year. The exports peaked at X units in 2021, and then contracted sharply in the following year.

In value terms, snow motor vehicle exports shrank rapidly to $X in 2022. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 229%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X units), India (X units) and Myanmar (X units) were the main destinations of snow motor vehicle exports from Thailand, with a combined 47% share of total exports. Turkey, New Zealand, Vietnam, Singapore, Australia and France lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +151.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), India ($X) and Myanmar ($X) constituted the largest markets for snow motor vehicle exported from Thailand worldwide, together comprising 60% of total exports. Singapore, Vietnam, France, Turkey, Australia and New Zealand lagged somewhat behind, together accounting for a further 35%.

In terms of the main countries of destination, France, with a CAGR of +339.0%, 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

The average snow motor vehicle export price stood at $X per unit in 2022, picking up by 17% against the previous year. In general, the export price, however, saw a deep contraction. Over the period under review, the average export prices reached the maximum 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to New Zealand ($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 France (+81.4%), while the prices for the other major destinations experienced more modest paces of growth.

Snow Motor Vehicle Imports

Imports into Thailand

For the third consecutive year, Thailand recorded growth in overseas purchases of motor vehicles for travelling on snow or golf cars, which increased by 51% to X units in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 251% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, snow motor vehicle imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 85%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main snow motor vehicle supplier to Thailand, with a 100% share of total imports. It was followed by Japan (X units), with a 0.4% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +30.7%.

In value terms, China ($X) constituted the largest supplier of motor vehicles for travelling on snow or golf cars to Thailand, comprising 100% of total imports. The second position in the ranking was held by Japan ($X), with a 0.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +12.1%.

Import Prices by Country

The average snow motor vehicle import price stood at $X per unit in 2022, falling by -12.4% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 12%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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