Thailand: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Thailand

The Thai pedestrian-controlled tractor market fell sharply to $X in 2022, shrinking by -23.3% against the previous year. Overall, consumption continues to indicate a abrupt downturn. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pedestrian-Controlled Tractor Production in Thailand

In value terms, pedestrian-controlled tractor production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 97% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Thailand

In 2022, after three years of growth, there was significant decline in shipments abroad of pedestrian-controlled tractors, when their volume decreased by -27% to X units. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 118%. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted rapidly in the following year.

In value terms, pedestrian-controlled tractor exports contracted to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 83% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X units), Lao People's Democratic Republic (X units) and Myanmar (X units) were the main destinations of pedestrian-controlled tractor exports from Thailand, with a combined 93% share of total exports. These countries were followed by Tanzania, which accounted for a further 3.8%.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +47.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pedestrian-controlled tractor exported from Thailand were Cambodia ($X), Lao People's Democratic Republic ($X) and Myanmar ($X), with a combined 90% share of total exports.

In terms of the main countries of destination, Myanmar, with a CAGR of +21.4%, 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

In 2022, the average pedestrian-controlled tractor export price amounted to $X per unit, surging by 29% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Tanzania ($X per unit) and Lao People's Democratic Republic ($X per unit), while the average price for exports to Cambodia ($X per unit) and Myanmar ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (-14.5%), while the prices for the other major destinations experienced a decline.

Pedestrian-Controlled Tractor Imports

Imports into Thailand

In 2022, after two years of growth, there was significant decline in overseas purchases of pedestrian-controlled tractors, when their volume decreased by -56.2% to X units. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 315%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, pedestrian-controlled tractor imports declined markedly to $X in 2022. In general, imports continue to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 with an increase of 316%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pedestrian-controlled tractor to Thailand, with a 48% share of total imports. Moreover, pedestrian-controlled tractor imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by Singapore (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+30.5% per year) and Singapore (0.0% per year).

In value terms, China ($X) constituted the largest supplier of pedestrian-controlled tractors to Thailand, comprising 61% of total imports. The second position in the ranking was held by Japan ($X), with a 29% share of total imports. It was followed by Italy, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+15.6% per year) and Italy (+79.7% per year).

Import Prices by Country

The average pedestrian-controlled tractor import price stood at $X per unit in 2022, waning by -45.2% against the previous year. In general, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 86% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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