Thailand: Wheeled Loader Market 2024

Wheeled Loader Market Size in Thailand

In 2021, the Thai wheeled loader market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a mild descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Wheeled Loader Production in Thailand

In value terms, wheeled loader production soared to $X in 2021 estimated in export price. Overall, production showed a perceptible increase. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Wheeled Loader Exports

Exports from Thailand

In 2021, overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders decreased by -1% to X units, falling for the second year in a row after eight years of growth. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 749%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, wheeled loader exports surged to $X in 2021. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 741% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X units), Lao People's Democratic Republic (X units) and Australia (X units) were the main destinations of wheeled loader exports from Thailand, together accounting for 34% of total exports. These countries were followed by Canada, Chile, Mexico, Egypt, Russia, the United States, India, Myanmar, Singapore and Brazil, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Egypt (with a CAGR of +37.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheeled loader exported from Thailand were Australia ($X), Peru ($X) and Canada ($X), with a combined 39% share of total exports. These countries were followed by Chile, India, Mexico, the United States, Singapore, Brazil, Russia, Egypt, Lao People's Democratic Republic and Myanmar, which together accounted for a further 38%.

Among the main countries of destination, the United States, with a CAGR of +378.7%, 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 wheeled loader export price stood at $X per unit in 2021, increasing by 78% against the previous year. Overall, the export price posted a significant expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 408%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+69.5%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Thailand

In 2021, supplies from abroad of wheeled loaders, crawler shovel loaders, front-end loaders increased by 137% to X units, rising for the second year in a row after four years of decline. Overall, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheeled loader imports surged to $X in 2021. In general, imports, however, continue to indicate a perceptible setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest wheeled loader supplier to Thailand, accounting for a 67% share of total imports. Moreover, wheeled loader imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by the UK (X units), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-0.5% per year) and the UK (+10.6% per year).

In value terms, China ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to Thailand, comprising 62% of total imports. The second position in the ranking was taken by Japan ($X), with a 27% share of total imports. It was followed by the UK, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.9% per year) and the UK (+6.8% per year).

Import Prices by Country

The average wheeled loader import price stood at $X per unit in 2021, waning by -36.2% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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