Thailand: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Thailand

In 2021, the Thai radio navigation apparatus market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Radio Navigation Apparatus Production in Thailand

In value terms, radio navigation apparatus production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a mild setback. Radio navigation apparatus production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Radio Navigation Apparatus Exports

Exports from Thailand

Radio navigation apparatus exports from Thailand fell to X tons in 2021, declining by -12.6% compared with the previous year's figure. Overall, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2015 with an increase of 31% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, radio navigation apparatus exports shrank rapidly to $X in 2021. Over the period under review, exports showed a sharp reduction. The pace of growth appeared the most rapid in 2013 with an increase of 35%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for radio navigation apparatus exports from Thailand, accounting for a 39% share of total exports. Moreover, radio navigation apparatus exports to Japan exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled -32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+47.5% per year) and the UK (+65.6% per year).

In value terms, China ($X) remains the key foreign market for radio navigational aid apparatus exports from Thailand, comprising 45% of total exports. The second position in the ranking was taken by Japan ($X), with a 19% share of total exports. It was followed by the UK, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-35.7% per year) and the UK (+32.8% per year).

Export Prices by Country

The average radio navigation apparatus export price stood at $X per ton in 2021, falling by -4% against the previous year. Over the period under review, the export price, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Radio Navigation Apparatus Imports

Imports into Thailand

In 2021, purchases abroad of radio navigational aid apparatus was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 187%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, radio navigation apparatus imports amounted to $X in 2021. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 192% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest radio navigation apparatus supplier to Thailand, accounting for a 48% share of total imports. Moreover, radio navigation apparatus imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +30.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.2% per year) and Japan (+19.5% per year).

In value terms, the largest radio navigation apparatus suppliers to Thailand were China ($X), Germany ($X) and Japan ($X), with a combined 68% share of total imports. Taiwan (Chinese), the United States, Italy, South Africa, South Korea and Switzerland lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, South Africa, with a CAGR of +137.6%, saw the highest growth rate of 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 radio navigation apparatus import price stood at $X per ton in 2021, waning by -33.1% against the previous year. Overall, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 28%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+29.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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