Thailand: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in Thailand

The Thai market for motor vehicle chassis fitted with engines reduced rapidly to $X in 2022, falling by -29.3% against the previous year. Over the period under review, consumption, however, enjoyed significant growth. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Motor Vehicle Chassis Fitted With Engines in Thailand

In value terms, production of motor vehicle chassis fitted with engines expanded notably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt contraction. The growth pace was the most rapid in 2020 when the production volume increased by 78% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports from Thailand

In 2022, shipments abroad of motor vehicle chassis fitted with engines increased by 1,501% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, saw a abrupt decrease. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines declined slightly to $X in 2022. Over the period under review, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 461% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for exports of motor vehicle chassis fitted with engines from Thailand, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia stood at +145.3%.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to +110.0%.

Export Prices by Country

In 2022, the average export price for motor vehicle chassis fitted with engines amounted to $X per unit, which is down by -93.8% against the previous year. Overall, the export price, however, showed measured growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 3,620%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -14.4% per year.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports into Thailand

In 2022, imports of motor vehicle chassis fitted with engines into Thailand soared to X units, picking up by 135% compared with the previous year. Over the period under review, imports, however, recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 135% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of motor vehicle chassis fitted with engines soared to $X in 2022. Overall, imports, however, showed a sharp curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X units) constituted the largest motor vehicle chassis fitted with engines supplier to Thailand, with a 66% share of total imports. Moreover, imports of motor vehicle chassis fitted with engines from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X units), fivefold. China (X units) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden stood at -16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-19.0% per year) and China (-10.7% per year).

In value terms, Sweden ($X) constituted the largest supplier of motor vehicle chassis fitted with engines to Thailand, comprising 65% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Sweden stood at -17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.8% per year) and China (+17.6% per year).

Import Prices by Country

The average import price for motor vehicle chassis fitted with engines stood at $X per unit in 2022, declining by -17.9% against the previous year. Overall, the import price, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2016 an increase of 83%. The import price peaked at $X per unit in 2021, and then contracted sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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