Thailand - Disc Harrows - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand's Disc Harrow Exports Plummet to $10M in 2023
Thailand Disc Harrow Exports
In 2023, approx. 14K units of disc harrows were exported from Thailand; surging by 7.2% on 2022. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 175% against the previous year. The exports peaked at 16K units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.
In value terms, disc harrow exports fell notably to $10M (IndexBox estimates) in 2023. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when exports increased by 55%. The exports peaked at $18M in 2021; however, from 2022 to 2023, the exports remained at a lower figure.
| COUNTRY | Export Value of Disc Harrow in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Cambodia | 2.8 | 3.5 | 5.5 | 4.1 | 3.5 | 6.1 | 6.9 | 7.2 | 10.9 | 8.4 | 4.3 |
| Myanmar | 1.1 | 2.0 | 4.8 | 6.8 | 6.6 | 5.3 | 4.3 | 6.6 | 3.9 | 1.0 | 3.0 |
| Lao People's Democratic Republic | 1.9 | 2.0 | 1.0 | 1.5 | 1.1 | 0.9 | 0.8 | 1.0 | 1.6 | 1.5 | 1.5 |
| Philippines | N/A | 0.1 | 0.2 | 0.3 | 0.3 | 0.5 | 0.5 | 0.3 | 0.6 | 0.2 | 0.6 |
| Tanzania | N/A | N/A | N/A | N/A | N/A | N/A | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 |
| Indonesia | 0.1 | N/A | 0.1 | 0.4 | 0.4 | 0.6 | 0.4 | 0.2 | 0.3 | 0.3 | 0.1 |
| Others | 0.1 | 0.2 | 0.4 | 0.5 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 |
| Total | 6.0 | 7.8 | 12.1 | 13.6 | 12.1 | 13.6 | 13.0 | 15.6 | 17.7 | 11.9 | 10.0 |
Exports by Country
Myanmar (8.9K units) was the main destination for disc harrow exports from Thailand, with a 62% share of total exports. Moreover, disc harrow exports to Myanmar exceeded the volume sent to the second major destination, Cambodia (3.8K units), twofold. The third position in this ranking was held by Lao People's Democratic Republic (653 units), with a 4.6% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Myanmar amounted to +33.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+11.6% per year) and Lao People's Democratic Republic (-2.6% per year).
In value terms, the largest markets for disc harrow exported from Thailand were Cambodia ($4.3M), Myanmar ($3M) and Lao People's Democratic Republic ($1.5M), together accounting for 88% of total exports. the Philippines, Tanzania and Indonesia lagged somewhat behind, together accounting for a further 10%.
the Philippines, with a CAGR of +64.6%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the disc harrow price stood at $699 per unit (FOB, Thailand), waning by -21.6% against the previous year. In general, the export price faced a abrupt downturn. The growth pace was the most rapid in 2019 an increase of 30%. Over the period under review, the average export prices attained the peak figure at $2.2 thousand per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($2.4 thousand per unit), while the average price for exports to Myanmar ($343 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+0.7%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the disc harrow market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28303220 - Disc harrows
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
