Thailand: Chromatograph Market 2024

Chromatograph Market Size in Thailand

After two years of growth, the Thai chromatograph market decreased by -12.1% to $X in 2022. In general, consumption recorded a pronounced descent. Chromatograph consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Chromatograph Exports

Exports from Thailand

Chromatograph exports from Thailand skyrocketed to X units in 2022, jumping by 252% compared with the year before. Overall, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 264% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, chromatograph exports dropped to $X in 2022. In general, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 97% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for chromatograph exports from Thailand, accounting for a 55% share of total exports. Moreover, chromatograph exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X units), threefold. Myanmar (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 the United Arab Emirates totaled +230.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+14.1% per year) and Myanmar (+41.0% per year).

In value terms, the United States ($X) remains the key foreign market for chromatographs and electrophoresis instruments exports from Thailand, comprising 65% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.6% share of total exports. It was followed by Singapore, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+105.7% per year) and Singapore (-31.8% per year).

Export Prices by Country

In 2022, the average chromatograph export price amounted to $X per unit, reducing by -74.9% against the previous year. In general, the export price showed a deep reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 216%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Italy ($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 Bangladesh (+105,996.5%), while the prices for the other major destinations experienced mixed trend patterns.

Chromatograph Imports

Imports into Thailand

After two years of growth, overseas purchases of chromatographs and electrophoresis instruments decreased by -10.2% to X units in 2022. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 91%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, chromatograph imports reduced to $X in 2022. In general, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of chromatograph to Thailand, accounting for a 55% share of total imports. Moreover, chromatograph imports from Japan exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fivefold. The United States (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+101.9% per year) and the United States (-6.6% per year).

In value terms, Japan ($X), the United States ($X) and Germany ($X) constituted the largest chromatograph suppliers to Thailand, with a combined 54% share of total imports. China, Malaysia, Mexico and Taiwan (Chinese) lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, Malaysia, with a CAGR of +131.8%, 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 chromatograph import price amounted to $X per unit, almost unchanged from the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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