ASEAN automotive market. All Markets figures and trend in 2017

ASEAN Automotive Market

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 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Brunei18.62218.66018.13314.40413.24712.38713.388
Cambodia2.3103.1213.2723.7344.2724.1964.700
Indonesia1.074.8001.188.9651.153.001975.9521.021.1131.048.8691.139.246
Laos9.27614.31926.72238.09837.24331.89935.569
Malaysia616.968643.526654.502655.627570.921566.718609.940
Myanmar3.0963.0003.7306.3626.0356.9819.324
Philippines169.771209.081255.867315.243396.133467.756520.120
Singapore33.87827.33234.71563.56289.79092.79894.126
Thailand1.205.2731.109.911709.294639.543603.921687.001751.513
Vietnam100.293114.879160.038212.754271.864237.406227.912
Total3.234.2873.332.7943.019.2742.925.2783.014.5393.156.0113.405.835
 2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Brunei27,9%0,2%-2,8%-20,6%-8,0%-6,5%8,1%
Cambodia51,6%35,1%4,8%14,1%14,4%-1,8%12,0%
Indonesia24,5%10,6%-3,0%-15,4%4,6%2,7%8,6%
Laos58,6%54,4%86,6%42,6%-2,2%-14,3%11,5%
Malaysia6,5%4,3%1,7%0,2%-12,9%-0,7%7,6%
Myanmar7,9%-3,1%24,3%70,6%-5,1%15,7%33,5%
Philippines20,0%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%
Thailand83,8%-7,9%-36,1%-9,8%-5,6%13,8%9,4%
Vietnam1,0%14,5%39,3%32,9%27,8%-12,7%-4,0%
Total34,7%3,0%-9,4%-3,1%3,0%4,7%7,9%

(1838)

Share: