Thailand: Dc Motor Market 2024

Dc Motor Market Size in Thailand

The Thai DC motor market rose remarkably to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed strong growth. Consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Dc Motor Production in Thailand

In value terms, DC motor production declined markedly to $X in 2022 estimated in export price. Overall, production faced a abrupt decrease. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Dc Motor Exports

Exports from Thailand

In 2022, dc motor exports from Thailand shrank modestly to X units, with a decrease of X% compared with the year before. In general, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, DC motor exports reduced to $X in 2022. Over the period under review, exports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), the United States (X units) and Germany (X units) were the main destinations of DC motor exports from Thailand, with a combined X% share of total exports. Japan, Vietnam, Hong Kong SAR, Italy, the Philippines, France, Mexico, the Czech Republic, Singapore and Malaysia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for DC motor exported from Thailand were Japan ($X), China ($X) and the United States ($X), with a combined X% share of total exports. The Philippines, Germany, Hong Kong SAR, Vietnam, Mexico, France, Singapore, Italy, Malaysia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 DC motor export price amounted to $X per unit, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2021, and then reduced in the following year.

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

Dc Motor Imports

Imports into Thailand

For the third year in a row, Thailand recorded growth in supplies from abroad of DC motors, which increased by X% to X units in 2022. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% 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, DC motor imports declined to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of DC motor to Thailand, accounting for a X% share of total imports. It was followed by Indonesia (X units), with a X% share of total imports. Malaysia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of DC motors to Thailand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average DC motor import price stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average 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 Japan ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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