Thailand: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Thailand

The Thai gravimetric filling machine market surged to $X in 2022, with an increase of 106% against the previous year. Overall, consumption recorded significant growth. Gravimetric filling machine consumption peaked in 2022 and is expected to retain growth in years to come.

Gravimetric Filling Machine Production in Thailand

In value terms, gravimetric filling machine production soared to $X in 2022 estimated in export price. In general, production showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 832%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Gravimetric Filling Machine Exports

Exports from Thailand

In 2022, exports of automatic gravimetric filling machines from Thailand soared to X units, growing by 55% compared with the year before. Over the period under review, exports posted prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by 111%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, gravimetric filling machine exports skyrocketed to $X in 2022. In general, exports recorded prominent growth. The growth pace was the most rapid in 2017 when exports increased by 120%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Mexico (X units) was the main destination for gravimetric filling machine exports from Thailand, accounting for a 55% share of total exports. Moreover, gravimetric filling machine exports to Mexico exceeded the volume sent to the second major destination, Indonesia (X units), twofold. The Philippines (X units) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico totaled +187.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+15.9% per year) and the Philippines (+26.5% per year).

In value terms, Mexico ($X), Indonesia ($X) and the Philippines ($X) constituted the largest markets for gravimetric filling machine exported from Thailand worldwide, with a combined 83% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +146.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gravimetric filling machine export price amounted to $X per unit, falling by -24.1% against the previous year. In general, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 an increase of 70%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+60.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gravimetric Filling Machine Imports

Imports into Thailand

Gravimetric filling machine imports into Thailand soared to X units in 2022, increasing by 422% on 2021 figures. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gravimetric filling machine imports reached $X in 2022. In general, imports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) constituted the largest gravimetric filling machine supplier to Thailand, accounting for a 60% share of total imports. Moreover, gravimetric filling machine imports from Belgium exceeded the figures recorded by the second-largest supplier, Israel (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled +162.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+3,000.8% per year) and Japan (+15.0% per year).

In value terms, Japan ($X) constituted the largest supplier of automatic gravimetric filling machines to Thailand, comprising 52% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+204.7% per year) and Israel (+1,373.9% per year).

Import Prices by Country

The average gravimetric filling machine import price stood at $X per unit in 2022, which is down by -80.6% against the previous year. In general, the import price saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 an increase of 149%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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