Thailand: Common Pottery Market 2024

Common Pottery Market Size in Thailand

The Thai common pottery market contracted to $X in 2022, reducing by -11% against the previous year. Over the period under review, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -34.2% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Common Pottery Production in Thailand

In value terms, common pottery production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; 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 21% against the previous year. Common pottery production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Common Pottery Exports

Exports from Thailand

In 2022, shipments abroad of common pottery increased by 8% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, continue to indicate a slight slump. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, common pottery exports soared to $X in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 33%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for common pottery exports from Thailand, accounting for a 31% share of total exports. Moreover, common pottery exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+1.2% per year) and Finland (+4.5% per year).

In value terms, the United States ($X) remains the key foreign market for common pottery exports from Thailand, comprising 33% of total exports. The second position in the ranking was held by Finland ($X), with a 15% share of total exports. It was followed by the UK, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+5.2% per year) and the UK (+3.9% per year).

Export Prices by Country

The average common pottery export price stood at $X per ton in 2022, increasing by 8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2019 an increase of 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Mexico ($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 Sweden (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Common Pottery Imports

Imports into Thailand

In 2022, supplies from abroad of common pottery increased by 20% to X tons, rising for the fifth year in a row after two years of decline. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, common pottery imports soared to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of common pottery to Thailand, accounting for a 85% share of total imports. Moreover, common pottery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+26.5% per year) and the United States (+18.4% per year).

In value terms, China ($X) constituted the largest supplier of common pottery to Thailand, comprising 41% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 14% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+44.0% per year) and the United States (+17.1% per year).

Import Prices by Country

The average common pottery import price stood at $X per ton in 2022, with an increase of 35% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 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 Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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