Thailand: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Thailand

The Thai wood drilling machine market surged to $X in 2021, with an increase of 52% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a buoyant expansion. Wood drilling machine consumption peaked in 2021 and is expected to retain growth in the near future.

Wood Drilling Machine Exports

Exports from Thailand

In 2021, wood drilling machine exports from Thailand reduced remarkably to X units, shrinking by -52.3% compared with the year before. Overall, exports continue to indicate a perceptible setback. The growth pace was the most rapid in 2020 when exports increased by 153%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, wood drilling machine exports contracted markedly to $X in 2021. In general, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 when exports increased by 104%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units), Cambodia (X units) and Malaysia (X units) were the main destinations of wood drilling machine exports from Thailand, together accounting for 74% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +67.6%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Malaysia ($X) and Lao People's Democratic Republic ($X) appeared to be the largest markets for wood drilling machine exported from Thailand worldwide, together accounting for 78% of total exports. Cambodia, Myanmar and China lagged somewhat behind, together comprising a further 21%.

Among the main countries of destination, China, with a CAGR of +64.4%, recorded the highest rates of growth with regard to 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 2021, the average wood drilling machine export price amounted to $X per unit, declining by -11.7% against the previous year. In general, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 49%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Cambodia ($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 Myanmar (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Thailand

In 2021, supplies from abroad of drilling or morticing machines increased by 44% to X units, rising for the third year in a row after two years of decline. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2016 when imports increased by 240% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, wood drilling machine imports soared to $X in 2021. In general, imports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2019 with an increase of 84%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest wood drilling machine supplier to Thailand, with a 77% share of total imports. Moreover, wood drilling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +34.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+23.1% per year) and Japan (-20.3% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of drilling or morticing machines to Thailand, comprising 78% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Japan, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.0% per year) and Japan (-23.3% per year).

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2021, increasing by 7.3% against the previous year. Overall, the import price, however, faced a deep contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 73%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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