Thailand: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Thailand

The Thai self-propelled non-electric fork-lift truck market rose remarkably to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, saw a slight contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Thailand

In value terms, self-propelled non-electric fork-lift truck production reached $X in 2022 estimated in export price. Overall, the total production indicated a notable 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Self-propelled non-electric fork-lift truck production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Thailand

In 2022, shipments abroad of self-propelled fork-lift trucks with non-electric motor decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, self-propelled non-electric fork-lift truck exports reduced notably to $X in 2022. In general, exports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for self-propelled non-electric fork-lift truck exports from Thailand, with a X% share of total exports. Moreover, self-propelled non-electric fork-lift truck exports to the Czech Republic exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was taken by Singapore (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Singapore (X% per year).

In value terms, the United Arab Emirates ($X), Lao People's Democratic Republic ($X) and Singapore ($X) appeared to be the largest markets for self-propelled non-electric fork-lift truck exported from Thailand worldwide, with a combined X% share of total exports. Cambodia, Myanmar, Vietnam and the Czech Republic lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to the Czech Republic ($X 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 the Czech Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Thailand

In 2022, self-propelled non-electric fork-lift truck imports into Thailand surged to X units, growing by X% on the previous year. In general, imports saw a noticeable expansion. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, self-propelled non-electric fork-lift truck imports rose significantly to $X in 2022. Overall, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units) and Japan (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Thailand.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%).

In value terms, the largest self-propelled non-electric fork-lift truck suppliers to Thailand were China ($X) and Japan ($X).

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck import price amounted to $X per unit, falling by X% against the previous year. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Japan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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