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Automotive industry in Thailand - statistics & facts

The automotive industry in Thailand is a vital contributor to the prosperous Thai economy. With the stable economic foundation and resources that the country possesses, Thailand is equipped with a solid ground for future automotive developments. With the help of government policies, Thailand has grown into a functioning foreign original equipment manufacturer (OEM), particularly in the automotive industry background. In 2021, Thailand was one of the leading countries with the highest growth of vehicle production in Southeast Asia, with the growth rate of 18 percent.

The high capacity of vehicle production

Vehicle manufacturing in Thailand started after the Thai government began to import automotives in the 1960s for the country’s economic expansion. Vehicle parts were mainly focused then, especially for vehicle bodies and suspensions since the demand in this area has increased. As of the first quarter of 2022 alone, the production capacity of automobiles in Thailand reached almost 500 thousand units. Passenger cars are dominating the vehicle production in Thailand, more than 175 thousand units of such vehicles were already produced in the first quarter of 2022, which accounted for almost half of the total production volume of vehicles in that same period.

International automotive trading

Thailand’s economy relies on various significant industries, the automotive industry is the country’s second largest export industry after the computer parts industry. A significant share of Thailand’s international trade is from the inflow and outflow of automotive trading. Initially, Thailand’s manufacturing industry started with the “Anglo-Thai Motor company”, a joint venture between Ford of Britain and the Thai Motor Industry Co., which introduced the imports of vehicle parts and performed local assembly for the domestic market. In 2021, the imports of automobiles and parts showed a promising value of approximately 310 billion Thai baht. This was a significant increase when compared with the previous year. Furthermore, vehicle parts and accessories from Thailand were the leading components for automotive product export value in Thailand.

Key players in Thailand's automotive industry

Thailand’s automotive industry is driven by several international key players. In 2012, various Japanese automotive companies expressed their interest to continue investments in Thailand, despite Thailand suffering from the catastrophic flood at the end of 2011. Since Japanese automotive enterprises had great confidence in Thailand’s economic attributes, Japanese car brands have been the most sought-after vehicles for Thai consumers. Toyota is certainly one of the most popular car brands in Thailand and it accounted for around one third of the market share of domestic car manufacturers in Thailand. As the car market's dominator, Toyota cars were the highest selling cars in the country in the first four months of 2022.

Interesting statistics

In the following 6 chapters, you will quickly find the 31 most important statistics relating to "Automotive industry in Thailand".

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