Crawler Tractor Market in Thailand
Market Overview
The Thai crawler tractor market fell modestly to $
in , therefore, remained relatively stable 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. Crawler tractor consumption peaked at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
In value terms, crawler tractor production rose sharply to $ in estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to , production remained at a lower figure.
in , therefore, remained relatively stable 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). In general, consumption, however, continues to indicate a relatively flat trend pattern. Crawler tractor consumption peaked at $ in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.In value terms, crawler tractor production rose sharply to $
in estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to , production remained at a lower figure.Consumption
In , the amount of crawler tractors consumed in Thailand was estimated at units, surging by % on the previous year's figure. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption hit record highs at units in 2018; however, from 2019 to , consumption failed to regain momentum.
The size of the crawler tractor market in Thailand rose remarkably 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 continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $ in 2016; however, from 2017 to , consumption remained at a lower figure.
, the amount of crawler tractors consumed in Thailand was estimated at units, surging by % on the previous year's figure. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, consumption hit record highs at units in 2018; however, from 2019 to , consumption failed to regain momentum.The size of the crawler tractor market in Thailand rose remarkably 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 continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $ in 2016; however, from 2017 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for crawler tractors in Thailand, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase 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 period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase 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
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 crawler tractor; 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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