Thailand: Metal Castor Mounting Market 2025

Metal Castor Mounting Market Size in Thailand

For the third year in a row, the Thai metal castor mounting market recorded growth in sales value, which increased by 13% to $X in 2022. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal castor mounting consumption peaked in 2022 and is expected to retain growth in years to come.

Metal Castor Mounting Production in Thailand

In value terms, metal castor mounting production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight descent. The growth pace was the most rapid in 2020 when the production volume increased by 24%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Metal Castor Mounting Exports

Exports from Thailand

In 2022, shipments abroad of castors with mountings of base metal decreased by -4.6% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 61%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, metal castor mounting exports contracted dramatically to $X in 2022. In general, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 77%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined sharply in the following year.

Exports by Country

Lao People's Democratic Republic (X tons), Cambodia (X tons) and the United States (X tons) were the main destinations of metal castor mounting exports from Thailand, together accounting for 70% of total exports. The Philippines, Myanmar, Vietnam, China, the Netherlands, Malaysia and Singapore lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +52.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal castor mounting exported from Thailand were Lao People's Democratic Republic ($X), the United States ($X) and the Philippines ($X), with a combined 58% share of total exports.

The Philippines, with a CAGR of +51.6%, recorded the highest growth rate of the value of exports, in terms of 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 metal castor mounting export price amounted to $X per ton, reducing by -21.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports into Thailand

In 2022, approx. X tons of castors with mountings of base metal were imported into Thailand; jumping by 26% compared with 2021. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metal castor mounting imports soared to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) was the main metal castor mounting supplier to Thailand, with a 92% share of total imports. It was followed by Japan (X tons), with a 2.5% share of total imports. The Philippines (X tons) ranked third in terms of total imports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.0% per year) and the Philippines (-6.9% per year).

In value terms, China ($X) constituted the largest supplier of castors with mountings of base metal to Thailand, comprising 70% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by Germany, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.5% per year) and Germany (-5.7% per year).

Import Prices by Country

The average metal castor mounting import price stood at $X per ton in 2022, falling by -7.6% against the previous year. In general, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 22% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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