Thailand: Market for Continuous-Action Elevators And Conveyors 2025

Market Size for Continuous-Action Elevators And Conveyors in Thailand

The Thai continuous-action elevators and conveyors market soared to $X in 2022, jumping by X% against the previous year. Overall, consumption posted a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Continuous-Action Elevators And Conveyors in Thailand

In value terms, continuous-action elevators and conveyors production declined remarkably to $X in 2022 estimated in export price. In general, production, however, showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X,449,700%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of continuous-action elevators and conveyors, when their volume decreased by X% to X units. Overall, exports, however, showed notable growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked at X units in 2021, and then declined in the following year.

In value terms, continuous-action elevators and conveyors exports reduced rapidly to $X in 2022. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X units), Vietnam (X units) and Japan (X units) were the main destinations of continuous-action elevators and conveyors exports from Thailand, together accounting for X% of total exports. The United States, Malaysia, China, Cambodia, South Korea, Nigeria, Morocco, the Philippines, Bangladesh and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Morocco (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Vietnam ($X) and Japan ($X) appeared to be the largest markets for continuous-action elevators and conveyors exported from Thailand worldwide, together comprising X% of total exports. The Philippines, South Korea, Indonesia, China, Malaysia, Cambodia, Bangladesh, India, Nigeria and Morocco lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 continuous-action elevators and conveyors export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Morocco ($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 the Philippines (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Continuous-Action Elevators And Conveyors

Imports into Thailand

In 2022, approx. X units of continuous-action elevators and conveyors were imported into Thailand; shrinking by X% compared with the previous year. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, continuous-action elevators and conveyors imports fell to $X in 2022. Overall, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X units) constituted the largest supplier of continuous-action elevators and conveyors to Thailand, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by France (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and France (X% per year).

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to Thailand, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average continuous-action elevators and conveyors import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :