Thailand: Concrete Pump Market 2025

Concrete Pump Market Size in Thailand

After two years of growth, the Thai concrete pump market decreased by -7.1% to $X in 2021. Over the period under review, consumption, however, enjoyed a tangible increase. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Concrete Pump Exports

Exports from Thailand

In 2021, shipments abroad of concrete pumps was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete pump exports soared to $X in 2021. In general, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 751%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units), Iraq (X units) and Lao People's Democratic Republic (X units) were the main destinations of concrete pump exports from Thailand.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iraq (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) emerged as the key foreign market for concrete pumps exports from Thailand, comprising 69% of total exports. The second position in the ranking was held by Iraq ($X), with a 27% share of total exports. It was followed by Lao People's Democratic Republic, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (0.0% per year) and Lao People's Democratic Republic (+7.2% per year).

Export Prices by Country

In 2021, the average concrete pump export price amounted to $X per unit, surging by 9% against the previous year. In general, the export price recorded a tangible increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 95%. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+25.0%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Pump Imports

Imports into Thailand

After two years of growth, supplies from abroad of concrete pumps decreased by -3.1% to X units in 2021. In general, imports, however, posted a pronounced expansion. The growth pace was the most rapid in 2013 with an increase of 150%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, concrete pump imports shrank remarkably to $X in 2021. Overall, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2013 when imports increased by 152%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Singapore (X units), South Korea (X units) and Germany (X units) were the main suppliers of concrete pump imports to Thailand, together comprising 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +78.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), South Korea ($X) and Germany ($X) appeared to be the largest concrete pump suppliers to Thailand, with a combined 55% share of total imports.

Singapore, with a CAGR of +121.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete pump import price stood at $X per unit in 2021, shrinking by -33.8% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 27% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, 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 China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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