Thailand: Metal Bath Market 2024

Metal Bath Market Size in Thailand

The Thai metal bath market shrank modestly to $X in 2021, falling by -1.5% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal bath consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Metal Bath Production in Thailand

In value terms, metal bath production shrank slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Metal Bath Exports

Exports from Thailand

In 2021, metal bath exports from Thailand shrank slightly to X tons, almost unchanged from the previous year's figure. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 80% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, metal bath exports amounted to $X in 2021. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 123% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for metal bath exports from Thailand, accounting for a 47% share of total exports. Moreover, metal bath exports to Australia exceeded the volume sent to the second major destination, Japan (X tons), twofold. Lao People's Democratic Republic (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+111.1% per year) and Lao People's Democratic Republic (+2.7% per year).

In value terms, the largest markets for metal bath exported from Thailand were Australia ($X), Lao People's Democratic Republic ($X) and Japan ($X), with a combined 77% share of total exports.

Among the main countries of destination, Japan, with a CAGR of +99.0%, recorded the highest growth rate of 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

The average metal bath export price stood at $X per ton in 2021, increasing by 16% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 26%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+4.9%), while the prices for the other major destinations experienced a decline.

Metal Bath Imports

Imports into Thailand

Metal bath imports into Thailand soared to X tons in 2021, surging by 21% against the year before. In general, imports, however, showed a perceptible decline. The pace of growth was the most pronounced in 2019 with an increase of 1,048%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal bath imports expanded notably to $X in 2021. Over the period under review, imports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2019 when imports increased by 155% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main metal bath supplier to Thailand, with a 95% share of total imports. Moreover, metal bath imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest.

In value terms, the largest metal bath suppliers to Thailand were China ($X) and Germany ($X).

In terms of the main suppliers, Germany, with a CAGR of -1.1%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average metal bath import price stood at $X per ton in 2021, which is down by -8.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 144% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average 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 Germany ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.3%).

Source: IndexBox Platform

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