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Thailand - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand's Passenger Car Tyre Price Increases Slightly to $42.3 per Unit
Thailand Passenger Car Tyre Export Price in May 2023
In May 2023, the passenger car tyre price amounted to $42.3 per unit (FOB, Thailand), approximately equating the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average export price increased by 5.8% month-to-month. As a result, the export price reached the peak level of $44,976 per thousand units. From September 2022 to May 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In May 2023, the country with the highest price was South Korea ($71.0 per unit), while the average price for exports to Saudi Arabia ($31.9 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
COUNTRY | Export Price of Passenger Car Tyre in Thailand (USD per unit) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | |
South Korea | 58.2 | 64.5 | 67.7 | 70.8 | 67.0 | 68.1 | 68.1 | 73.3 | 72.7 | 71.0 | 72.0 | 71.6 | 71.0 |
Australia | 52.2 | 48.1 | 47.5 | 47.3 | 46.6 | 49.3 | 50.1 | 51.0 | 50.9 | 49.1 | 52.1 | 49.4 | 50.4 |
Vietnam | 40.8 | 42.0 | 40.5 | 43.5 | 42.5 | 43.1 | 47.9 | 52.9 | 44.3 | 40.3 | 41.4 | 39.6 | 43.4 |
Malaysia | 38.4 | 33.8 | 33.8 | 36.7 | 38.1 | 39.9 | 40.9 | 40.6 | 43.3 | 37.0 | 38.5 | 38.2 | 42.0 |
Japan | 41.1 | 36.3 | 36.5 | 40.2 | 36.8 | 36.5 | 41.0 | 43.5 | 41.9 | 39.8 | 40.0 | 39.1 | 40.8 |
United Arab Emirates | 45.0 | 43.3 | 41.2 | 40.4 | 39.0 | 41.5 | 47.4 | 37.4 | 39.7 | 45.8 | 41.0 | 41.2 | 39.5 |
United States | 42.2 | 41.7 | 41.5 | 44.0 | 41.6 | 39.7 | 41.8 | 41.0 | 43.6 | 38.6 | 39.4 | 39.0 | 39.5 |
United Kingdom | 37.3 | 33.7 | 33.2 | 38.1 | 33.2 | 34.3 | 33.2 | 36.3 | 36.4 | 31.6 | 33.3 | 36.2 | 35.9 |
Saudi Arabia | 39.2 | 39.2 | 37.8 | 38.9 | 35.5 | 36.2 | 40.0 | 35.8 | 33.1 | 33.8 | 36.7 | 33.9 | 31.9 |
Average | 43.1 | 42.4 | 42.5 | 45.0 | 42.9 | 42.3 | 44.3 | 44.5 | 44.8 | 41.7 | 42.4 | 41.9 | 42.3 |
Thailand Passenger Car Tyre Exports
Passenger car tyre exports from Thailand soared to 6.8M units in May 2023, rising by 22% against April 2023 figures. The total export volume increased at an average monthly rate of +1.3% over the period from May 2022 to May 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, passenger car tyre exports soared to $288M (IndexBox estimates) in May 2023. The total export value increased at an average monthly rate of +1.1% over the period from May 2022 to May 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain months. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Thailand Passenger Car Tyre Exports by Country
The United States (3.6M units) was the main destination for passenger car tyre exports from Thailand, with a 52% share of total exports. Moreover, passenger car tyre exports to the United States exceeded the volume sent to the second major destination, Japan (482K units), sevenfold. The third position in this ranking was held by South Korea (355K units), with a 5.2% share.
From May 2022 to May 2023, the average monthly growth rate of volume to the United States totaled +1.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Japan (+2.9% per month) and South Korea (+5.0% per month).
In value terms, the United States ($141M) remains the key foreign market for passenger car tyre exports from Thailand, comprising 49% of total exports. The second position in the ranking was taken by South Korea ($25M), with an 8.8% share of total exports. It was followed by Japan, with a 6.8% share.
From May 2022 to May 2023, the average monthly growth rate of value to the United States stood at +1.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+6.8% per month) and Japan (+2.8% per month).
This report provides an in-depth analysis of the passenger car tyre market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023