Thursday, December 26, 2013

Thailand Automotive Statistics November 2013

Thailand Automotive Statistics November 2013Automotive Sales Statistics for November 2013 have been released - along with total production, local & export sales, published by Toyota Thailand and the FTI.

And 2014 - same same or different? 

Analysts and FTI both assume that 2014 will be about the same as 2013, I believe that overall production and export should see further growth as new capacities from existing and new players come online.

In the mid-term Thailand will certainly benefit from:

  • local growth - Thailand is now an upper middle income country (World Bank) and it's domestic sales can be expected to grow at twice the rate of GDP, so about 9%
  • growth in the middle east - where Thailand also has a strong market share
  • more upcoming world wide programs - such as the Mitsubishi Mirage which is exported globally - even to the US and Japan
  • and last not least - the demise of the Australian auto industry which has gone into full self-destruct mode. 2 out of 3 remaining OEM's have announced plant closures within the next 3-4 years and Australia (and NZ) belong to the Thailand's main export countries...

You can download the statistics here for unlimited personal an professional use.

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