Thailand: Twig Broom Market 2024

Twig Broom Market Size in Thailand

In 2021, after two years of growth, there was decline in the Thai twig broom market, when its value decreased by -3.7% to $X. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.9% against 2018 indices. Over the period under review, the market hit record highs at $X in 2020, and then fell modestly in the following year.

Twig Broom Production in Thailand

In value terms, twig broom production fell to $X in 2021 estimated in export price. Over the period under review, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 947%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Twig Broom Exports

Exports from Thailand

In 2021, approx. X units of brooms and brushes of twigs were exported from Thailand; shrinking by -2.2% compared with 2020. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 38%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, twig broom exports dropped to $X in 2021. Overall, exports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X units), Cambodia (X units) and Malaysia (X units) were the main destinations of twig broom exports from Thailand, with a combined 69% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +46.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for brooms and brushes of twigs exports from Thailand, comprising 59% of total exports. The second position in the ranking was held by Cambodia ($X), with a 12% share of total exports. It was followed by Malaysia, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+43.4% per year) and Malaysia (+29.2% per year).

Export Prices by Country

In 2021, the average twig broom export price amounted to $X per unit, shrinking by -4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 35%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Twig Broom Imports

Imports into Thailand

In 2021, purchases abroad of brooms and brushes of twigs was finally on the rise to reach X units after two years of decline. Overall, imports, however, saw a drastic downturn. The growth pace was the most rapid in 2015 when imports increased by 39%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, twig broom imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 48%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Myanmar (X units), Sri Lanka (X units) and China (X units) were the main suppliers of twig broom imports to Thailand, together comprising 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of +52.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Myanmar ($X) constituted the largest supplier of brooms and brushes of twigs to Thailand, comprising 46% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 22% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Myanmar totaled +54.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (-1.3% per year) and China (-26.3% per year).

Import Prices by Country

The average twig broom import price stood at $X per unit in 2021, increasing by 7.4% against the previous year. Over the period under review, the import price saw a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 72%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, 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 Taiwan (Chinese) ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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