Price for Reciprocating or Rotary Internal Combustion Piston Engines in Thailand - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Thailand (FOB) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Thailand (CIF) - 2022
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Thailand
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Thailand
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Thailand (FOB) - 2022
The average export price for reciprocating or rotary internal combustion piston engineses stood at $412 per unit in 2022, dropping by -5.4% against the previous year. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of 155%. The export price peaked at $5,115 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($2,673 per unit), while the average price for exports to France ($164 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 China (+0.9%), while the prices for the other major destinations experienced a decline.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Thailand (CIF) - 2022
In 2022, the average import price for reciprocating or rotary internal combustion piston engineses amounted to $747 per unit, picking up by 70% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by 80%. As a result, import price reached the peak level of $4,032 per unit. From 2017 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($5,565 per unit), while the price for China ($207 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Thailand
In 2022, approx. 2.2M units of reciprocating or rotary internal combustion piston engineses were exported from Thailand; jumping by 26% on the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 111% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of reciprocating or rotary internal combustion piston engineses soared to $1.4B in 2022. In general, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports of attained the maximum at $1.6B in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 134 | 146 | 0.4 | 197 | 13.7% |
| United States | 188 | 154 | 145 | 194 | 1.1% |
| Cambodia | 135 | 110 | 125 | 138 | 0.7% |
| China | 348 | 272 | 31.7 | 106 | -32.7% |
| Taiwan (Chinese) | 84.8 | 93.5 | 110 | 94.3 | 3.6% |
| Vietnam | 19.2 | 80.2 | 82.4 | 78.7 | 60.0% |
| Belgium | 49.1 | 33.4 | 57.6 | 67.5 | 11.2% |
| Japan | 57.4 | 45.0 | 55.5 | 62.0 | 2.6% |
| Malaysia | 26.7 | 24.9 | 31.0 | 47.1 | 20.8% |
| Canada | 21.6 | 15.7 | 28.7 | 32.3 | 14.4% |
| Australia | 14.8 | 14.5 | 20.7 | 21.7 | 13.6% |
| Indonesia | 18.6 | 14.4 | 23.3 | 18.1 | -0.9% |
| France | 7.3 | 7.1 | 9.3 | 9.3 | 8.4% |
| Others | 544 | 587 | 383 | 290 | -18.9% |
| Total | 1,648 | 1,598 | 1,104 | 1,355 | -6.3% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Thailand in 2022:
- United States (554.6K units)
- Belgium (370.0K units)
- Hong Kong SAR (237.6K units)
- Cambodia (163.3K units)
- Australia (130.9K units)
- Taiwan (Chinese) (98.2K units)
- Japan (93.3K units)
- Vietnam (85.3K units)
- France (57.1K units)
- China (39.6K units)
- Malaysia (37.4K units)
- Indonesia (36.5K units)
- Canada (36.0K units)
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Thailand
In 2022, after two years of decline, there was significant growth in purchases abroad of reciprocating or rotary internal combustion piston engineses, when their volume increased by 59% to 455K units. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of reciprocating or rotary internal combustion piston engineses surged to $453M in 2022. Over the period under review, imports, however, recorded a abrupt descent. Imports peaked at $786M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 188 | 129 | 136 | 174 | -2.5% |
| United States | 67.5 | 130 | 28.9 | 172 | 36.6% |
| China | 85.2 | 55.5 | 36.3 | 41.0 | -21.6% |
| India | 0.1 | 0.1 | 0.1 | 16.7 | 450.7% |
| Indonesia | 30.5 | 17.7 | 20.9 | 15.4 | -20.4% |
| Vietnam | 1.0 | 0.5 | N/A | 12.2 | 130.2% |
| Germany | 33.4 | 38.6 | 33.3 | 4.0 | -50.7% |
| Philippines | 0.4 | N/A | 0.8 | 3.1 | 97.9% |
| Others | 380 | 92.8 | 46.4 | 14.8 | -66.1% |
| Total | 786 | 464 | 303 | 453 | -16.8% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Thailand in 2022:
- China (198.1K units)
- Japan (122.4K units)
- United States (53.7K units)
- Indonesia (32.3K units)
- Vietnam (18.2K units)
- India (14.5K units)
- Philippines (8.1K units)
- Germany (1.2K units)
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