Report Update: May 1, 2024

Thailand - Agricultural And Forestry Tractors - Market Analysis, Forecast, Size, Trends And Insights

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Price for Agricultural and Forestry Tractor in Thailand - 2023

Price for Agricultural and Forestry Tractor in Thailand (FOB) - 2022

In 2022, the average agricultural and forestry tractor export price amounted to $6,436 per unit, rising by 37% against the previous year. In general, the export price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average export price increased by 107% against the previous year. As a result, the export price reached the peak level of $55,530 per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($21,875 per unit), while the average price for exports to Myanmar ($2,824 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 Cambodia (-2.5%), while the prices for the other major destinations experienced a decline.

Price for Agricultural and Forestry Tractor in Thailand (CIF) - 2023

The average agricultural and forestry tractor import price stood at $13,580 per unit in September 2023, growing by 3.6% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 21% month-to-month. As a result, import price attained the peak level of $16,090 per unit; afterwards, it flattened through to September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was China ($23,697 per unit), while the price for Indonesia ($8,419 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 (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Agricultural and Forestry Tractor in Thailand

After three years of growth, overseas shipments of agricultural and forestry tractors decreased by -40.5% to 46K units in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 210% against the previous year. Over the period under review, the exports attained the peak figure at 77K units in 2021, and then shrank remarkably in the following year.

In value terms, agricultural and forestry tractor exports fell remarkably to $296M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of $363M, and then declined dramatically in the following year.

Export of Agricultural and Forestry Tractor in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cambodia	91.5	83.1	121	103	4.0%
India	81.3	76.5	75.2	40.0	-21.1%
United States	3.5	22.0	24.7	31.6	108.2%
Lao People's Democratic Republic	10.6	12.5	24.3	30.1	41.6%
Philippines	47.9	51.2	55.4	27.9	-16.5%
Vietnam	18.2	20.3	27.9	22.9	8.0%
Myanmar	4.8	13.2	8.0	5.5	4.6%
Others	12.1	14.7	26.5	35.4	43.0%
Total	270	293	363	296	3.1%

Top Export Markets for Agricultural and Forestry Tractor from Thailand in 2022:

India (9.4K units)
United States (5.1K units)
Cambodia (4.7K units)
Philippines (3.0K units)
Vietnam (2.8K units)
Lao People's Democratic Republic (2.2K units)
Myanmar (2.0K units)

Imports of Agricultural and Forestry Tractor in Thailand

In 2022, agricultural and forestry tractor imports into Thailand skyrocketed to 24K units, rising by 22% against the year before. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 89%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, agricultural and forestry tractor imports rose significantly to $273M in 2022. Overall, imports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 86%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Agricultural and Forestry Tractor in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	103	73.1	141	113	3.1%
India	40.3	41.6	67.1	70.9	20.7%
China	3.8	3.3	7.0	52.2	139.5%
United Kingdom	8.0	5.7	10.7	18.0	31.0%
Indonesia	5.1	2.1	6.5	6.1	6.1%
Others	9.8	4.1	9.2	12.2	7.6%
Total	170	130	241	273	17.1%

Top Suppliers of Agricultural and Forestry Tractor to Thailand in 2022:

Japan (10.1K units)
India (7.3K units)
China (3.4K units)
United Kingdom (1.3K units)
Indonesia (0.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for agricultural and forestry tractor 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 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms

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