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Thailand - Suspension Systems - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSuspension System Price in Thailand - 2023
Contents:
- Suspension System Price in Thailand (FOB) - 2023
- Suspension System Price in Thailand (CIF) - 2023
- Suspension System Exports in Thailand
- Suspension System Imports in Thailand
Suspension System Price in Thailand (FOB) - 2023
The average suspension system export price stood at $9,214 per ton in September 2023, with an increase of 3.4% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 29% month-to-month. As a result, the export price reached the peak level of $9,950 per ton. From April 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Australia ($14,226 per ton), while the average price for exports to Mexico ($5,203 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.
Suspension System Price in Thailand (CIF) - 2023
The average suspension system import price stood at $13,048 per ton in September 2023, with an increase of 34% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 35% month-to-month. Over the period under review, average import prices reached the maximum at $13,407 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($42,327 per ton), while the price for China ($4,921 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Suspension System Exports in Thailand
In 2022, exports of suspension systems from Thailand reduced to 32K tons, falling by -4.4% against the previous year. The total export volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 32%. As a result, the exports reached the peak of 34K tons, and then declined slightly in the following year.
In value terms, suspension system exports declined to $270M in 2022. The total export value increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, the exports reached the peak of $299M, and then contracted in the following year.
Export of Suspension System in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 14.5 | 18.6 | 36.6 | 26.8 | 22.7% |
Australia | 13.5 | 18.8 | 27.7 | 24.3 | 21.6% |
Philippines | 15.2 | 11.2 | 17.2 | 20.1 | 9.8% |
Indonesia | 18.6 | 9.5 | 15.8 | 18.1 | -0.9% |
Malaysia | 9.9 | 11.2 | 13.4 | 17.7 | 21.4% |
Japan | 16.0 | 22.8 | 20.5 | 17.7 | 3.4% |
Vietnam | 7.5 | 12.6 | 14.3 | 16.2 | 29.3% |
United Arab Emirates | 17.3 | 12.8 | 16.5 | 13.5 | -7.9% |
South Africa | 5.7 | 6.5 | 11.5 | 10.7 | 23.4% |
Saudi Arabia | 7.7 | 6.6 | 8.1 | 9.6 | 7.6% |
Pakistan | 11.8 | 7.6 | 18.0 | 9.4 | -7.3% |
Taiwan (Chinese) | 10.2 | 9.9 | 10.7 | 8.3 | -6.6% |
Mexico | 2.0 | 6.0 | 9.8 | 7.1 | 52.5% |
Others | 67.9 | 60.8 | 78.6 | 69.8 | 0.9% |
Total | 218 | 215 | 299 | 270 | 7.4% |
Top Export Markets for Suspension System from Thailand in 2022:
- Japan (2.7K tons)
- Malaysia (2.6K tons)
- Indonesia (2.5K tons)
- Philippines (2.3K tons)
- Australia (2.0K tons)
- Vietnam (2.0K tons)
- United States (2.0K tons)
- South Africa (1.5K tons)
- United Arab Emirates (1.5K tons)
- Pakistan (1.4K tons)
- Mexico (1.3K tons)
- Saudi Arabia (1.0K tons)
- Taiwan (Chinese) (0.9K tons)
Suspension System Imports in Thailand
In 2022, approx. 23K tons of suspension systems were imported into Thailand; increasing by 20% compared with the previous year. The total import volume increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, suspension system imports skyrocketed to $209M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Suspension System in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 21.0 | 19.2 | 25.4 | 54.0 | 37.0% |
Japan | 48.9 | 35.4 | 41.3 | 49.2 | 0.2% |
China | 30.9 | 26.6 | 33.6 | 41.8 | 10.6% |
Germany | 19.2 | 20.4 | 22.8 | 19.4 | 0.3% |
Malaysia | 5.3 | 3.1 | 6.1 | 15.8 | 43.9% |
Indonesia | 2.6 | 4.0 | 3.1 | 3.4 | 9.4% |
Brazil | 7.9 | 1.7 | 0.1 | 0.1 | -76.7% |
Others | 16.8 | 17.7 | 26.2 | 25.4 | 14.8% |
Total | 153 | 128 | 159 | 209 | 11.0% |
Top Suppliers of Suspension System to Thailand in 2022:
- Brazil (undefinedK tons)
- China (8.9K tons)
- Japan (7.4K tons)
- United States (1.4K tons)
- Malaysia (1.2K tons)
- Germany (0.8K tons)
- Indonesia (0.6K tons)
This report provides an in-depth analysis of the suspension system 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 29323050 - Suspension systems and parts thereof (including shock absorbers)
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
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