Thailand: Wood Dryer Market 2024

Wood Dryer Market Size in Thailand

In 2021, after two years of decline, there was significant growth in the Thai wood dryer market, when its value increased by 81% to $X. In general, consumption continues to indicate a temperate increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Wood Dryer Exports

Exports from Thailand

After four years of decline, overseas shipments of dryers for wood, paper pulp, paper or paperboard increased by 950% to X units in 2021. In general, exports enjoyed significant growth. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, wood dryer exports skyrocketed to $X in 2021. Over the period under review, exports showed a resilient increase. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X units) was the main destination for wood dryer exports from Thailand, with a 62% share of total exports. Moreover, wood dryer exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Vietnam (X units), twofold. The third position in this ranking was taken by Myanmar (X units), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) stood at +44.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+25.1% per year) and Myanmar (-20.6% per year).

In value terms, Taiwan (Chinese) ($X) emerged as the key foreign market for dryers for wood, paper pulp, paper or paperboard exports from Thailand, comprising 64% of total exports. The second position in the ranking was held by Vietnam ($X), with a 12% share of total exports. It was followed by Malaysia, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) totaled +334.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+19.0% per year) and Malaysia (+18.3% per year).

Export Prices by Country

The average wood dryer export price stood at $X per unit in 2021, dropping by -33.1% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 21% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 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 Bangladesh ($X per unit), while the average price for exports to Vietnam ($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 Taiwan (Chinese) (+196.2%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Dryer Imports

Imports into Thailand

In 2021, overseas purchases of dryers for wood, paper pulp, paper or paperboard were finally on the rise to reach X units after two years of decline. In general, imports saw a strong increase. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, wood dryer imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 196% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest wood dryer supplier to Thailand, with a 64% share of total imports. Moreover, wood dryer imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.9% per year) and Taiwan (Chinese) (+15.5% per year).

In value terms, China ($X) constituted the largest supplier of dryers for wood, paper pulp, paper or paperboard to Thailand, comprising 58% of total imports. The second position in the ranking was held by Germany ($X), with a 25% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.5% per year) and Taiwan (Chinese) (+17.7% per year).

Import Prices by Country

The average wood dryer import price stood at $X per unit in 2021, which is down by -29.1% against the previous year. In general, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average import price increased by 126% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, 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 China ($X per unit), while the price for Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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