ASEAN Automotive Market in the 2017 reported a +4.7% growth keeping the positive medium term trend thanks to record economic performance. The Philippines are driving up the entire region followed by the recovery of Thailand.
Association of Southeast Asian Nations (ASEAN) economy recorded another quarter of robust growth at the end of 2017, although activity slowed from Q3’s nearly five-year high. According to an estimate compiled by FocusEconomics, regional GDP expanded 5.2% annually in Q4, marking the second-fastest growth rate since Q1 2013 (Q3: +5.6% year-on-year). The ASEAN economy picked up notably in the second half of 2017 thanks to strong external demand, especially for technology goods; healthy labor markets; and accommodative monetary policies.
ASEAN Vehicles Market in recent year has lost steam and total sales declines from 3.23 million in the 2012 to 3.15 million in the 2017. Indeed while new markets are fast growing, the biggest (Indonesia, Thailand and Malaysia) have lost steam. However, in the 2017 the path was positive with an increase of 4.7% from the previous year.
Please note that data reported below regards just light vehicles (cars and LCVs) while usually in our report on single country we show all vehicles data, including the HCVs and BUs.
| Sales 2012 | Sales 2013 | Sales 2014 | Sales 2015 | Sales 2016 | Sales 2017 | Sales 2018 e | |
|---|---|---|---|---|---|---|---|
| Brunei | 18.622 | 18.660 | 18.133 | 14.404 | 13.247 | 12.387 | 13.388 |
| Cambodia | 2.310 | 3.121 | 3.272 | 3.734 | 4.272 | 4.196 | 4.700 |
| Indonesia | 1.074.800 | 1.188.965 | 1.153.001 | 975.952 | 1.021.113 | 1.048.869 | 1.139.246 |
| Laos | 9.276 | 14.319 | 26.722 | 38.098 | 37.243 | 31.899 | 35.569 |
| Malaysia | 616.968 | 643.526 | 654.502 | 655.627 | 570.921 | 566.718 | 609.940 |
| Myanmar | 3.096 | 3.000 | 3.730 | 6.362 | 6.035 | 6.981 | 9.324 |
| Philippines | 169.771 | 209.081 | 255.867 | 315.243 | 396.133 | 467.756 | 520.120 |
| Singapore | 33.878 | 27.332 | 34.715 | 63.562 | 89.790 | 92.798 | 94.126 |
| Thailand | 1.205.273 | 1.109.911 | 709.294 | 639.543 | 603.921 | 687.001 | 751.513 |
| Vietnam | 100.293 | 114.879 | 160.038 | 212.754 | 271.864 | 237.406 | 227.912 |
| Total | 3.234.287 | 3.332.794 | 3.019.274 | 2.925.278 | 3.014.539 | 3.156.011 | 3.405.835 |
| 2012 Var | 2013 Var | 2014 Var | 2015 Var | 2016 Var | 2017 Var | 2018 var e | |
|---|---|---|---|---|---|---|---|
| Brunei | 27,9% | 0,2% | -2,8% | -20,6% | -8,0% | -6,5% | 8,1% |
| Cambodia | 51,6% | 35,1% | 4,8% | 14,1% | 14,4% | -1,8% | 12,0% |
| Indonesia | 24,5% | 10,6% | -3,0% | -15,4% | 4,6% | 2,7% | 8,6% |
| Laos | 58,6% | 54,4% | 86,6% | 42,6% | -2,2% | -14,3% | 11,5% |
| Malaysia | 6,5% | 4,3% | 1,7% | 0,2% | -12,9% | -0,7% | 7,6% |
| Myanmar | 7,9% | -3,1% | 24,3% | 70,6% | -5,1% | 15,7% | 33,5% |
| Philippines | 20,0% | 23,2% | 22,4% | 23,2% | 25,7% | 18,1% | 11,2% |
| Singapore | -3,9% | -20,4% | 25,9% | 74,3% | 38,4% | 2,1% | 1,4% |
| Thailand | 83,8% | -7,9% | -36,1% | -9,8% | -5,6% | 13,8% | 9,4% |
| Vietnam | 1,0% | 14,5% | 39,3% | 32,9% | 27,8% | -12,7% | -4,0% |
| Total | 34,7% | 3,0% | -9,4% | -3,1% | 3,0% | 4,7% | 7,9% |
