Thailand: Wood Barrel Market 2025

Wood Barrel Market Size in Thailand

The Thai wood barrel market plummeted to $X in 2022, declining by -17.3% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Wood barrel consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Wood Barrel Production in Thailand

In value terms, wood barrel production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 51%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Wood Barrel Exports

Exports from Thailand

In 2022, overseas shipments of casks, barrels, vats, tubs, and coopers products of wood increased by 25% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 164%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, wood barrel exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 229%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Lao People's Democratic Republic (X units) and Cambodia (X units) were the main destinations of wood barrel exports from Thailand, together comprising 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +67.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Lao People's Democratic Republic ($X) and Cambodia ($X) constituted the largest markets for wood barrel exported from Thailand worldwide, together comprising 83% of total exports.

Lao People's Democratic Republic, with a CAGR of +79.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 wood barrel export price amounted to $X per unit, surging by 7.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 96%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Cambodia ($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 Japan (+26.7%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Barrel Imports

Imports into Thailand

In 2022, purchases abroad of casks, barrels, vats, tubs, and coopers products of wood decreased by -81% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 278% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, wood barrel imports reduced remarkably to $X in 2022. In general, imports faced a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 287%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), Japan (X units) and France (X units) were the main suppliers of wood barrel imports to Thailand, together accounting for 98% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +47.2%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of casks, barrels, vats, tubs, and coopers products of wood to Thailand, comprising 63% of total imports. The second position in the ranking was taken by France ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.5% per year) and Japan (+30.6% per year).

Import Prices by Country

In 2022, the average wood barrel import price amounted to $X per unit, waning by -4% against the previous year. Overall, the import price continues to indicate a perceptible decline. The growth pace was the most rapid in 2019 when the average import price increased by 67%. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 ($X per unit), while the price for Japan ($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 (+10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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