Thailand: Aircraft Market 2024

Aircraft Market Size in Thailand

The Thai aircraft market was finally on the rise to reach $X in 2023, after five years of decline. In general, consumption continues to indicate resilient growth. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Aircraft Production in Thailand

In value terms, aircraft production amounted to $X in 2023 estimated in export price. Overall, production, however, recorded a precipitous decline. The pace of growth appeared the most rapid in 2016 with a decrease of X%. Aircraft production peaked at $X in 2015; however, from 2016 to 2023, production stood at a somewhat lower figure.

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Aircraft Exports

Exports from Thailand

For the fourth year in a row, Thailand recorded growth in shipments abroad of airplanes and other aircraft, which increased by X% to X units in 2023. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to continue growth in the immediate term.

In value terms, aircraft exports soared to $X in 2023. Over the period under review, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for aircraft exports from Thailand, with a X% share of total exports. Moreover, aircraft exports to Canada exceeded the volume sent to the second major destination, New Zealand (X units), fivefold. The third position in this ranking was held by Spain (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (X% per year) and Spain (X% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for airplanes and other aircraft exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Spain (X% per year).

Export Prices by Country

The average aircraft export price stood at $X per unit in 2023, waning by X% against the previous year. In general, the export price recorded a dramatic slump. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (X%), while the prices for the other major destinations experienced a decline.

Aircraft Imports

Imports into Thailand

In 2023, the amount of airplanes and other aircraft imported into Thailand surged to X units, growing by X% against 2022. Overall, imports showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, aircraft imports skyrocketed to $X in 2023. In general, imports showed buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa (X units), the United States (X units) and Slovenia (X units) were the main suppliers of aircraft imports to Thailand, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Africa (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of airplanes and other aircraft to Thailand, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2023, the average aircraft import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform