Thailand: Breathing Appliances Market 2024

Breathing Appliances Market Size in Thailand

In 2022, the Thai breathing appliances market decreased by -29.1% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, recorded a prominent increase. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Breathing Appliances Exports

Exports from Thailand

Breathing appliances exports from Thailand declined notably to X units in 2022, reducing by -29% on the previous year. Overall, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 59%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, breathing appliances exports reduced to $X in 2022. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 111% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for breathing appliances exports from Thailand, accounting for a 23% share of total exports. Moreover, breathing appliances exports to Singapore exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), twofold. China (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+96.4% per year) and China (-14.9% per year).

In value terms, Singapore ($X) emerged as the key foreign market for breathing appliances and gas masks exports from Thailand, comprising 23% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 6.5% share of total exports. It was followed by China, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+108.6% per year) and China (-16.9% per year).

Export Prices by Country

In 2022, the average breathing appliances export price amounted to $X per unit, picking up by 28% against the previous year. In general, the export price showed a moderate expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 58%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to the Netherlands ($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 Malaysia (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Breathing Appliances Imports

Imports into Thailand

In 2022, after four years of growth, there was significant decline in supplies from abroad of breathing appliances and gas masks, when their volume decreased by -18.7% to X units. In general, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 70% against the previous year. As a result, imports reached the peak of X units, and then declined sharply in the following year.

In value terms, breathing appliances imports declined rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2021 when imports increased by 46% against the previous year. As a result, imports attained the peak of $X, and then contracted remarkably in the following year.

Imports by Country

Taiwan (Chinese) (X units), the Czech Republic (X units) and China (X units) were the main suppliers of breathing appliances imports to Thailand, together comprising 55% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +110.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the United States ($X) and the Czech Republic ($X) appeared to be the largest breathing appliances suppliers to Thailand, together comprising 57% of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +88.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average breathing appliances import price amounted to $X per unit, which is down by -17% against the previous year. In general, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 29%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Ireland ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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