Thailand: Dry-Cleaning Machine Market 2024

Dry-Cleaning Machine Market Size in Thailand

The Thai dry-cleaning machine market was estimated at $X in 2021, approximately reflecting the previous year. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by 8.1%. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Dry-Cleaning Machine Production in Thailand

In value terms, dry-cleaning machine production totaled $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 8.3% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Dry-Cleaning Machine Exports

Exports from Thailand

In 2021, exports of dry-cleaning machines from Thailand dropped to X units, waning by -6.2% on the previous year's figure. In general, exports showed a significant contraction. The growth pace was the most rapid in 2020 when exports increased by 1,300% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, dry-cleaning machine exports declined dramatically to $X in 2021. Over the period under review, exports continue to indicate a significant contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 22% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X units) was the main destination for dry-cleaning machine exports from Thailand, accounting for a 63% share of total exports. Moreover, dry-cleaning machine exports to South Korea exceeded the volume sent to the second major destination, Myanmar (X units), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea totaled +160.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+63.8% per year) and Lao People's Democratic Republic (+19.6% per year).

In value terms, Myanmar ($X) remains the key foreign market for dry-cleaning machines exports from Thailand, comprising 51% of total exports. The second position in the ranking was taken by South Korea ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Myanmar amounted to +26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-0.9% per year) and Lao People's Democratic Republic (-4.6% per year).

Export Prices by Country

In 2021, the average dry-cleaning machine export price amounted to $X per unit, declining by -28.9% against the previous year. Over the period under review, the export price recorded a sharp setback. The pace of growth was the most pronounced in 2016 an increase of 45% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to South Korea ($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 India (+55.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dry-Cleaning Machine Imports

Imports into Thailand

In 2021, approx. X units of dry-cleaning machines were imported into Thailand; which is down by -14.8% against the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 350%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, dry-cleaning machine imports fell to $X in 2021. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2014 when imports increased by 426% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X units) constituted the largest supplier of dry-cleaning machine to Thailand, accounting for a 70% share of total imports. Moreover, dry-cleaning machine imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. China (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and China (+8.0% per year).

In value terms, the largest dry-cleaning machine suppliers to Thailand were Italy ($X), China ($X) and the United States ($X), together comprising 100% of total imports.

Among the main suppliers, the United States, with a CAGR of +24.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dry-cleaning machine import price stood at $X per unit in 2021, picking up by 3.3% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 407%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a 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 China ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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