Thailand: Market for Hand-Operated Drilling, Threading or Tapping Tools 2025

Market Size for Hand-Operated Drilling, Threading or Tapping Tools in Thailand

The Thai market for hand-operated drilling, threading or tapping tools dropped slightly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +28.4% against 2017 indices. Consumption of peaked at $X in 2021, and then dropped in the following year.

Production of Hand-Operated Drilling, Threading or Tapping Tools in Thailand

In value terms, production of hand-operated drilling, threading or tapping tools reduced modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 39% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Hand-Operated Drilling, Threading or Tapping Tools

Exports from Thailand

In 2022, approx. X tons of hand-operated drilling, threading or tapping tools were exported from Thailand; shrinking by -10.7% compared with the previous year's figure. In general, exports faced a deep downturn. The most prominent rate of growth was recorded in 2015 with an increase of 621% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of hand-operated drilling, threading or tapping tools shrank to $X in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 40% against the previous year. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons), Cambodia (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of exports of hand-operated drilling, threading or tapping tools from Thailand, with a combined 81% share of total exports. Singapore, Norway, the UK and Malaysia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +124.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X), Lao People's Democratic Republic ($X) and Norway ($X) constituted the largest markets for hand-operated drilling, threading or tapping tool exported from Thailand worldwide, with a combined 61% share of total exports.

Norway, with a CAGR of +236.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for hand-operated drilling, threading or tapping tools stood at $X per ton in 2022, increasing by 6% against the previous year. In general, the export price enjoyed a measured expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 183% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hand-Operated Drilling, Threading or Tapping Tools

Imports into Thailand

In 2022, the amount of hand-operated drilling, threading or tapping tools imported into Thailand stood at X tons, increasing by 6.8% compared with 2021. Over the period under review, imports showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 117% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of hand-operated drilling, threading or tapping tools expanded rapidly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 83%. Over the period under review, imports of attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main hand-operated drilling, threading or tapping tool supplier to Thailand, accounting for a 96% share of total imports. It was followed by India (X tons), with a 1.2% share of total imports. The third position in this ranking was taken by Japan (X tons), with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-16.9% per year) and Japan (-5.9% per year).

In value terms, China ($X) constituted the largest supplier of hand-operated drilling, threading or tapping tools to Thailand, comprising 61% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports. It was followed by India, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.3% per year) and India (+1.5% per year).

Import Prices by Country

In 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, recorded a abrupt slump. The growth pace was the most rapid in 2013 an increase of 80%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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