Thailand: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in Thailand

In 2022, the Thai chain scoops and sliders market increased by 8.9% to $X, rising for the second year in a row after two years of decline. 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 throughout the analyzed period. Chain scoops and sliders consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from Thailand

In 2022, exports of chain scoops, sliders, runners, end pieces and narrow strips from Thailand skyrocketed to X tons, picking up by 614% on 2021 figures. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, chain scoops and sliders exports soared to $X in 2022. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 163%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Peru (X tons) was the main destination for chain scoops and sliders exports from Thailand, with a 74% share of total exports. Moreover, chain scoops and sliders exports to Peru exceeded the volume sent to the second major destination, Chile (X tons), sevenfold. Vietnam (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru amounted to +184.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+210.6% per year) and Vietnam (+18.0% per year).

In value terms, Peru ($X) emerged as the key foreign market for chain scoops, sliders, runners, end pieces and narrow strips exports from Thailand, comprising 53% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total exports. It was followed by Bangladesh, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Peru totaled +124.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+13.7% per year) and Bangladesh (+23.1% per year).

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, waning by -65.5% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 67%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Peru ($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 Indonesia (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into Thailand

In 2022, purchases abroad of chain scoops, sliders, runners, end pieces and narrow strips increased by 38% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.8% 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 +91.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, chain scoops and sliders imports surged to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 37%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest chain scoops and sliders supplier to Thailand, with a 61% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-3.4% per year) and Taiwan (Chinese) (-0.2% per year).

In value terms, China ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to Thailand, comprising 42% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by Indonesia, with an 18% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.1% per year) and Indonesia (-4.9% per year).

Import Prices by Country

In 2022, the average chain scoops and sliders import price amounted to $X per ton, reducing by -15.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average 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) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :