Thailand: Curtains Market 2024

Curtains Market Size in Thailand

The Thai curtains market contracted slightly to $X in 2022, which is down by -4.4% against the previous year. In general, consumption saw a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Curtains Production in Thailand

In value terms, curtains production reduced to $X in 2022 estimated in export price. Overall, production saw a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 13%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Curtains Exports

Exports from Thailand

In 2022, curtains exports from Thailand skyrocketed to X square meters, increasing by 102% on the previous year's figure. In general, total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports hit record highs at X square meters in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, curtains exports soared to $X in 2022. Overall, exports, however, showed a slight curtailment. The growth pace was the most rapid in 2017 when exports increased by 23%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X square meters), Malaysia (X square meters) and Cambodia (X square meters) were the main destinations of curtains exports from Thailand, with a combined 70% share of total exports. Japan, Myanmar, Indonesia, Lao People's Democratic Republic, Brunei Darussalam and Norway lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +186.4%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for curtains and interior blinds exports from Thailand, comprising 40% of total exports. The second position in the ranking was held by Indonesia ($X), with a 20% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Japan totaled -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+197.6% per year) and the United States (-1.8% per year).

Export Prices by Country

In 2022, the average curtains export price amounted to $X per square meter, which is down by -39.8% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 an increase of 46%. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per square meter), while the average price for exports to Norway ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+126.6%), while the prices for the other major destinations experienced more modest paces of growth.

Curtains Imports

Imports into Thailand

In 2022, approx. X square meters of curtains and interior blinds were imported into Thailand; which is down by -11.3% compared with the previous year. Overall, imports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2016 with an increase of 97% against the previous year. Over the period under review, imports hit record highs at X square meters in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, curtains imports dropped modestly to $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.8% against 2018 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 33%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) was the main curtains supplier to Thailand, with a 91% share of total imports. Moreover, curtains imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.2% per year) and Poland (+9.4% per year).

In value terms, China ($X) constituted the largest supplier of curtains and interior blinds to Thailand, comprising 77% of total imports. The second position in the ranking was taken by Poland ($X), with a 5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.5% per year) and India (+8.8% per year).

Import Prices by Country

The average curtains import price stood at $X per square meter in 2022, increasing by 9.4% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, curtains import price decreased by -10.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 35% against the previous year. Over the period under review, average import prices attained the maximum at $X per square meter in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per square meter), while the price for China ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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