Report Update: May 1, 2024

Thailand - Tractors - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Tractor Price in Thailand - 2023

Tractor Price in Thailand (FOB) - 2022

The average tractor export price stood at $3,257 per unit in 2022, rising by 24% against the previous year. Overall, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 106% against the previous year. Over the period under review, the average export prices attained the peak figure at $16,332 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($9,456 per unit), while the average price for exports to Myanmar ($1,408 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-6.7%), while the prices for the other major destinations experienced a decline.

Tractor Price in Thailand (CIF) - 2023

In September 2023, the average tractor import price amounted to $13,054 per unit, growing by 10% against the previous month. Overall, the import price enjoyed a strong expansion. The growth pace was the most rapid in December 2022 an increase of 146% against the previous month. The import price peaked at $16,310 per unit in April 2023; afterwards, it flattened through to September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was China ($23,647 per unit), while the price for Indonesia ($8,419 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Tractor Exports in Thailand

In 2022, after three years of growth, there was significant decline in overseas shipments of tractors, when their volume decreased by -33.7% to 111K units. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 349%. The exports peaked at 167K units in 2021, and then declined significantly in the following year.

In value terms, tractor exports reduced remarkably to $361M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $438M, and then reduced sharply in the following year.

Export of Tractor in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cambodia	115	104	147	121	1.7%
Lao People's Democratic Republic	25.4	29.2	43.2	50.2	25.5%
India	82.3	76.7	75.3	40.0	-21.4%
United States	3.5	22.0	24.7	31.6	108.2%
Philippines	50.3	52.5	55.8	29.1	-16.7%
Vietnam	18.2	20.4	36.3	22.9	8.0%
Myanmar	15.3	18.5	11.6	11.3	-9.6%
Others	32.9	25.0	44.7	54.5	18.3%
Total	343	349	438	361	1.7%

Top Export Markets for Tractor from Thailand in 2022:

Cambodia (31.2K units)
Lao People's Democratic Republic (25.6K units)
India (9.4K units)
Myanmar (8.0K units)
United States (5.1K units)
Philippines (3.1K units)
Vietnam (2.9K units)

Tractor Imports in Thailand

In 2022, the amount of tractors imported into Thailand surged to 33K units, rising by 54% compared with the year before. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 80%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, tractor imports stood at $297M in 2022. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 96% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Tractor in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	111	75.9	147	116	1.5%
India	40.5	41.6	71.9	74.5	22.5%
China	7.0	6.6	13.4	57.1	101.3%
United Kingdom	8.0	5.7	10.7	18.0	31.0%
Indonesia	5.3	2.2	6.5	6.1	4.8%
Others	20.7	12.0	33.6	25.1	6.6%
Total	192	144	283	297	15.7%

Top Suppliers of Tractor to Thailand in 2022:

Japan (10.2K units)
India (7.4K units)
China (3.7K units)
United Kingdom (1.3K units)
Indonesia (0.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tractor 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 28301000 - Pedestrian-controlled tractors
Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
Prodcom 28925000 - (Crawler tractors) Track-laying tractors
Prodcom 29104300 - Road tractors for semi-trailers

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023