Thailand: Food Mixer Market 2024

Food Mixer Market Size in Thailand

For the ninth year in a row, the Thai food mixer market recorded growth in sales value, which increased by 3.6% to $X in 2022. Over the period under review, consumption enjoyed a buoyant expansion. Food mixer consumption peaked in 2022 and is expected to retain growth in the immediate term.

Food Mixer Exports

Exports from Thailand

In 2022, the amount of domestic food grinders and mixers and fruit or vegetable juice extractors exported from Thailand skyrocketed to X units, growing by 25% on the previous year's figure. Over the period under review, exports posted a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 74% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, food mixer exports surged to $X in 2022. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Vietnam (X units), Myanmar (X units) and Lao People's Democratic Republic (X units) were the main destinations of food mixer exports from Thailand, with a combined 80% share of total exports. Cambodia, Maldives, Malaysia and the United Arab Emirates lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +48.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the key foreign market for domestic food grinders and mixers and fruit or vegetable juice extractors exports from Thailand, comprising 45% of total exports. The second position in the ranking was held by Cambodia ($X), with a 22% share of total exports. It was followed by Myanmar, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled +17.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+8.3% per year) and Myanmar (+16.9% per year).

Export Prices by Country

The average food mixer export price stood at $X per unit in 2022, stabilizing at the previous year. Overall, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 24%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while the average price for exports to Myanmar ($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 Cambodia (+6.6%), while the prices for the other major destinations experienced a decline.

Food Mixer Imports

Imports into Thailand

For the fourth consecutive year, Thailand recorded growth in purchases abroad of domestic food grinders and mixers and fruit or vegetable juice extractors, which increased by 27% to X units in 2022. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, food mixer imports contracted dramatically to $X in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its value 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. The growth pace was the most rapid in 2016 when imports increased by 16%. Over the period under review, imports hit record highs at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of food mixer to Thailand, accounting for a 98% share of total imports. It was followed by the United States (X units), with a 0.2% share of total imports. The third position in this ranking was held by Malaysia (X units), with a 0.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-14.5% per year) and Malaysia (-22.6% per year).

In value terms, China ($X) constituted the largest supplier of domestic food grinders and mixers and fruit or vegetable juice extractors to Thailand, comprising 87% of total imports. The second position in the ranking was taken by the United States ($X), with a 6% share of total imports. It was followed by South Korea, with a 1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.6% per year) and South Korea (-16.7% per year).

Import Prices by Country

The average food mixer import price stood at $X per unit in 2022, falling by -45.2% against the previous year. Overall, the import price recorded a abrupt setback. The growth pace was the most rapid in 2018 an increase of 8.7%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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