Bus Market in Thailand
Market Overview
In 
, the Thai bus market decreased by -% to $, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a abrupt shrinkage. Bus consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
, the Thai bus market decreased by -% to $, falling for the second consecutive year after three years of growth. Overall, consumption continues to indicate a abrupt shrinkage. Bus consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.Consumption
In , consumption of public-transport type passenger motor vehicles decreased by -% to units, falling for the fourth year in a row after two years of growth. In general, consumption faced a drastic downturn. As a result, consumption attained the peak volume of units. From 2011 to , the growth of the consumption remained at a somewhat lower figure.
The revenue of the bus market in Thailand declined to $ in , falling 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 saw a abrupt decline. Over the period under review, the market reached the peak level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.
, consumption of public-transport type passenger motor vehicles decreased by -% to units, falling for the fourth year in a row after two years of growth. In general, consumption faced a drastic downturn. As a result, consumption attained the peak volume of units. From 2011 to , the growth of the consumption remained at a somewhat lower figure.The revenue of the bus market in Thailand declined to $
in , falling 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 saw a abrupt decline. Over the period under review, the market reached the peak level at $ in 2011; however, from 2012 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for bus in Thailand, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the 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 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
Bus market in Thailand consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Thailand relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. 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 bus; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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