Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand - 2024
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand (FOB) - 2024
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand (CIF) - 2024
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand (FOB) - 2024
In November 2023, the average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $4,418 per unit, shrinking by -2.5% against the previous month. Overall, the export price showed a noticeable slump. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 99% month-to-month. Over the period under review, the average export prices attained the peak figure at $7,079 per unit in March 2023; afterwards, it flattened through to November 2023.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the Philippines ($13,688 per unit), while the average price for exports to Myanmar ($825 per unit) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+0.1%), while the prices for the other major destinations experienced a decline.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand (CIF) - 2024
The average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $1,410 per unit in November 2023, waning by -40.6% against the previous month. Over the period under review, the import price continues to indicate a noticeable decline. The pace of growth was the most pronounced in May 2023 when the average import price increased by 116% m-o-m. The import price peaked at $3,305 per unit in August 2023; afterwards, it flattened through to November 2023.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was China ($1,436 per unit), while the price for Japan amounted to $1,407 per unit.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by China (+2.5%).
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand
In 2022, shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs was finally on the rise to reach 11K units after two years of decline. In general, exports, however, saw a deep downturn. The exports peaked at 21K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs declined dramatically to $54M in 2022. Overall, exports, however, continue to indicate a precipitous shrinkage. Over the period under review, the exports of hit record highs at $202M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 0.1 | 24.0 | 23900.0% |
| Cambodia | 5.7 | 10.3 | 7.4 | 11.8 | 27.4% |
| Vietnam | 2.3 | N/A | 27.9 | 10.5 | 65.9% |
| Philippines | 8.1 | 8.2 | 23.3 | 2.9 | -29.0% |
| Myanmar | 8.9 | 0.9 | 0.5 | 0.7 | -57.2% |
| Switzerland | 4.6 | 6.2 | N/A | N/A | 34.8% |
| Germany | 84.4 | 66.6 | N/A | N/A | -21.1% |
| Austria | 8.2 | 7.0 | N/A | N/A | -14.6% |
| France | 20.8 | 8.3 | N/A | N/A | -60.1% |
| Italy | 31.6 | 17.7 | N/A | N/A | -44.0% |
| Netherlands | 15.9 | 3.3 | N/A | N/A | -79.2% |
| Others | 12.1 | 7.9 | 4.4 | 3.9 | -31.4% |
| Total | 202 | 136 | 63.5 | 53.9 | -35.6% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Thailand in 2022:
- United States (8.6K units)
- Cambodia (0.9K units)
- Vietnam (0.8K units)
- Myanmar (0.3K units)
- Philippines (0.3K units)
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand
In 2022, approx. 2K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs were imported into Thailand; jumping by 38% compared with the previous year's figure. Overall, imports recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 102% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs surged to $14M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.3 | 9.3 | 6.8 | 12.6 | 33.5% |
| China | 0.2 | 0.5 | 0.9 | 1.1 | 76.5% |
| Japan | 0.3 | 1.0 | 0.4 | 0.4 | 10.1% |
| United Arab Emirates | 4.0 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
| Total | 10.3 | 11.1 | 8.4 | 14.4 | 11.8% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Thailand in 2022:
- India (1015.0 units)
- China (796.0 units)
- Japan (171.0 units)
- United Arab Emirates (1.0 units)
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