Thailand’s Vehicle Production Dropped 18.1% to 1.69 Million Units in 2021

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Thailand vehicle production decline in demand coronavirus Covid-19 pandemic production for export market recovery export destinations Federation of Thai Industries production forecast Thailand: production volume of automobiles by type Thailand: production volume of top five automakers Thailand: production volume of automobiles by type and segment passenger vehicle commercial vehicle passenger car van / microbus one-ton pickup truck bus truck / PPV eco car segment ED 1,500 cc and below ED 1,501-2,000 cc ED 2,001 cc and above single cab double cab PPV MPL 1,001-5,000 kg MPL 5,001-10,000 kg MPL 10,001 kg and above domestic market 2016 2017 2018 2019 2020 2021 Toyota Mitsubishi Isuzu AAT (Mazda / Ford) Honda Nissan FTM (Ford) SAIC-CP (MG) BMW Suzuki Hino TAAP (Mercedes-Benz / Tata) Thai-Swedish (UD Trucks / Volvo) Great Wall Motor GM Scania Fuso TAIA (Thai Automotive Industry Association)

Thailand's vehicle production increased 18.1% year-on-year to 1,685,705 units. Domestic demand declined for the second consecutive year since 2020 due to the spread of the pandemic. Production for export is recovering, driven by market recovery of a major export destinations such as Australia. Passenger vehicle sales increased 10.6% to 599,844 units, while sales of commercial vehicles ascended 22.7% to 1,085,861 units.

The Federation of Thai Industries announced in January 2022 that production is forecast to reach 1.8 million units in 2022. In the coming years, production is expected to gradually recover toward the normal scale of around 2 million units.