Thailand: Blow-Moulding Machine Market 2024

Blow-Moulding Machine Market Size in Thailand

The Thai blow-moulding machine market expanded rapidly to $X in 2022, picking up by 11% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Blow-Moulding Machine Production in Thailand

In value terms, blow-moulding machine production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 64%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Blow-Moulding Machine Exports

Exports from Thailand

After two years of growth, shipments abroad of blow-moulding machines for working rubber or plastics decreased by -36.2% to X units in 2022. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by 58% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, blow-moulding machine exports dropped rapidly to $X in 2022. In general, exports, however, saw pronounced growth. The growth pace was the most rapid in 2021 when exports increased by 106% against the previous year. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

The United States (X units) was the main destination for blow-moulding machine exports from Thailand, with a 43% share of total exports. Moreover, blow-moulding machine exports to the United States exceeded the volume sent to the second major destination, China (X units), fourfold. The third position in this ranking was held by Ghana (X units), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +45.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+25.9% per year) and Ghana (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for blow-moulding machines for working rubber or plastics exports from Thailand, comprising 26% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Malaysia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+6.3% per year) and Malaysia (-3.0% per year).

Export Prices by Country

In 2022, the average blow-moulding machine export price amounted to $X per unit, which is down by -9.6% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Myanmar ($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 China (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Blow-Moulding Machine Imports

Imports into Thailand

For the third year in a row, Thailand recorded growth in purchases abroad of blow-moulding machines for working rubber or plastics, which increased by 26% to X units in 2022. In general, imports, however, saw a pronounced decline. The growth pace was the most rapid in 2018 with an increase of 130% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, blow-moulding machine imports expanded modestly to $X in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 81%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest blow-moulding machine supplier to Thailand, accounting for a 69% share of total imports. Moreover, blow-moulding machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.7% per year) and Taiwan (Chinese) (-14.8% per year).

In value terms, China ($X) constituted the largest supplier of blow-moulding machines for working rubber or plastics to Thailand, comprising 54% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.6% per year) and Taiwan (Chinese) (-7.3% per year).

Import Prices by Country

The average blow-moulding machine import price stood at $X per unit in 2022, shrinking by -16.8% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 44%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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