Internal Combustion Engines Market in Thailand
Market Overview
The Thai internal combustion engines market soared to $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a perceptible slump. Internal combustion engines consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
In value terms, internal combustion engines production amounted to $ in estimated in export price. In general, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2016 with an increase of % against the previous year. Internal combustion engines production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a perceptible slump. Internal combustion engines consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.In value terms, internal combustion engines production amounted to $
in estimated in export price. In general, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2016 with an increase of % against the previous year. Internal combustion engines production peaked at $ in 2008; however, from 2009 to , production stood at a somewhat lower figure.Consumption
In , the amount of motor vehicles compression-ignition internal combustion piston engines consumed in Thailand reduced to units, dropping by -% on the previous year's figure. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at units in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
The revenue of the internal combustion engines market in Thailand shrank to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a noticeable curtailment. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
, the amount of motor vehicles compression-ignition internal combustion piston engines consumed in Thailand reduced to units, dropping by -% on the previous year's figure. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, consumption reached the peak volume at units in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.The revenue of the internal combustion engines market in Thailand shrank to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a noticeable curtailment. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.Market Forecast
The internal combustion engines market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the eight-year period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Internal combustion engines market in Thailand consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.Trade Balance
Thailand remains a net importer of internal combustion engines; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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