The motor vehicle parts and accessories market in Thailand exhibited a downward trend from 2012 to 2016, with values declining annually and sharp year-on-year decreases peaking in 2016. However, from 2017 onward, the market showed fluctuations with some recovery years like 2018 and 2021, while others reflected continuing challenges, particularly notable in the pandemic-impacted 2020. Over the past five years, the compound annual growth rate (CAGR) averaged at -1.03%, indicating a mild long-term contraction despite periodic rebounds.
Future trends to watch for:
- Growing focus on electric vehicle components, driven by evolving regulations and consumer demand
- Technological advancements in smart vehicle systems, contributing to market diversification
- Supply chain resilience strategies post-pandemic, impacting market dynamics
- Potential market growth driven by regional trade agreements and economic recovery measures
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 235,410,000,000 | 2023 | +4.39% | +0.72% | View data |
| 2 | 2 Germany | 156,470,000,000 | 2023 | +1.79% | +1.62% | View data |
| 3 | 3 Japan | 115,890,000,000 | 2023 | -1.84% | -2.75% | View data |
| 4 | 4 France | 74,756,000,000 | 2023 | +0.83% | -0.36% | View data |
| 5 | 5 United Kingdom | 66,161,000,000 | 2023 | +0.35% | -0.9% | View data |
| 10 | 10 Belgium | 15,933,000,000 | 2023 | +1.5% | +3.63% | View data |
| 11 | 11 Austria | 14,396,000,000 | 2023 | +1.92% | +1.39% | View data |
| 12 | 12 Thailand | 12,906,000,000 | 2023 | -1.75% | -3.22% | |
| 13 | 13 Australia | 10,214,000,000 | 2023 | -2.28% | -1.96% | View data |
| 14 | 14 South Africa | 6,985,600,000 | 2023 | +1.33% | +1.84% | View data |
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