Thailand: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in Thailand

The Thai driving and non-driving axle market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in Thailand

In value terms, driving and non-driving axle production shrank modestly to $X in 2022 estimated in export price. In general, production, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Driving and non-driving axle production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Drive-Axles with Differential and Non-Driving Axles

Exports from Thailand

In 2022, shipments abroad of drive-axles with differential and non-driving axles increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, driving and non-driving axle exports dropped to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa (X tons), Indonesia (X tons) and the United States (X tons) were the main destinations of driving and non-driving axle exports from Thailand, together comprising X% of total exports. Malaysia, Vietnam, Argentina, Pakistan, Japan, Brazil, India, Mexico, China and Egypt lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Indonesia ($X) and the United States ($X) were the largest markets for driving and non-driving axle exported from Thailand worldwide, together comprising X% of total exports. Malaysia, Vietnam, Pakistan, Argentina, India, Brazil, Egypt, Japan, China and Mexico lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average driving and non-driving axle export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price recorded a slight shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports into Thailand

In 2022, purchases abroad of drive-axles with differential and non-driving axles increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, driving and non-driving axle imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Japan (X tons), China (X tons) and India (X tons) were the main suppliers of driving and non-driving axle imports to Thailand, with a combined X% share of total imports. South Korea, Indonesia, Portugal, Germany, Taiwan (Chinese), Malaysia and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest driving and non-driving axle suppliers to Thailand were Japan ($X), China ($X) and India ($X), with a combined X% share of total imports. South Korea, Indonesia, Germany, Portugal, Taiwan (Chinese), Malaysia and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average driving and non-driving axle import price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform