The import of diesel engines for motor vehicles in Thailand has shown significant volatility over the past decade. Starting from 1.0442 billion USD in 2013, imports declined sharply until 2016, reaching a low of 0.47036 billion USD. A noticeable recovery occurred in 2018 with an import value of 0.61177 billion USD, followed by some fluctuations. By 2023, imports stood at 0.59885 billion USD. The year-on-year variation from 2021 to 2023 showed gradual increases of 21.64%, 0.93%, and 0.91%, respectively. Over the last five years, the CAGR was slightly negative at -0.43%.
Going forward, the forecast indicates modest growth, with the import value projected to reach 0.62693 billion USD by 2028. The forecasted 5-year CAGR is 0.72%, suggesting stable but slow growth. Key points to watch include advancements in vehicle electrification, changes in emission regulations, and shifts in global supply chains, all of which could impact Thailand's diesel engine import dynamics.
