Report Update: Apr 1, 2024

Thailand - Motor Vehicles Compression-Ignition Internal Combustion Piston Engines - Market Analysis, Forecast, Size, Trends and Insights

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Internal Combustion Engines Price in Thailand - 2023

Internal Combustion Engines Price in Thailand (FOB) - 2023

In September 2023, the average internal combustion engines export price amounted to $3,320 per unit, growing by 4.6% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $3,437 per unit in January 2023; afterwards, it flattened through to September 2023.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Ecuador ($4,315 per unit), while the average price for exports to the United States ($1,513 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Internal Combustion Engines Price in Thailand (CIF) - 2023

The average internal combustion engines import price stood at $3,101 per unit in September 2023, remaining stable against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 21% month-to-month. As a result, import price reached the peak level of $3,725 per unit; afterwards, it flattened through to September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the UK ($5,560 per unit), while the price for South Africa ($1,871 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Internal Combustion Engines Exports in Thailand

In 2022, overseas shipments of motor vehicles compression-ignition internal combustion piston engines decreased by -1.9% to 462K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, the exports reached the peak of 471K units, and then contracted slightly in the following year.

In value terms, internal combustion engines exports amounted to $1.6B in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 71%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Internal Combustion Engines in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Africa	364	337	548	441	6.6%
Indonesia	252	149	328	317	7.9%
Argentina	146	122	243	300	27.1%
Philippines	85.4	48.0	86.6	138	17.3%
Malaysia	67.6	64.4	81.8	111	18.0%
India	23.4	24.1	69.3	74.3	47.0%
Pakistan	15.4	28.3	48.4	50.1	48.2%
Egypt	52.4	67.7	105	43.1	-6.3%
Ecuador	37.1	14.7	22.2	37.4	0.3%
Others	105	84.0	74.0	99.5	-1.8%
Total	1,148	939	1,606	1,612	12.0%

Top Export Markets for Internal Combustion Engines from Thailand in 2022:

South Africa (119.5K units)
Indonesia (90.0K units)
Argentina (77.0K units)
Philippines (44.2K units)
Malaysia (33.8K units)
India (27.3K units)
Pakistan (14.8K units)
Egypt (14.7K units)
Ecuador (8.7K units)

Internal Combustion Engines Imports in Thailand

In 2022, after three years of growth, there was significant decline in purchases abroad of motor vehicles compression-ignition internal combustion piston engines, when their volume decreased by -20.5% to 304K units. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports reached the peak of 383K units, and then reduced markedly in the following year.

In value terms, internal combustion engines imports surged to $1B in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Import of Internal Combustion Engines in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	380	366	611	682	21.5%
Japan	126	165	168	186	13.9%
United Kingdom	9.7	7.6	0.1	143	145.2%
Others	36.6	15.4	28.8	39.3	2.4%
Total	553	554	808	1,050	23.8%

Top Suppliers of Internal Combustion Engines to Thailand in 2022:

India (187.2K units)
Japan (82.0K units)
United Kingdom (26.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the internal combustion engines market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29101300 - Vehicle compression-ignition internal combustion piston engines (diesel or semi-diesel) (excluding for railway or tramway rolling stock)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023