Thailand: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Thailand

In 2022, the Thai hand-operated air pump market decreased by -23.2% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a pronounced decrease. Hand-operated air pump consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Hand-Operated Air Pump Production in Thailand

In value terms, hand-operated air pump production fell rapidly to $X in 2022 estimated in export price. Overall, production faced a abrupt contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Hand-Operated Air Pump Exports

Exports from Thailand

In 2022, hand-operated air pump exports from Thailand expanded markedly to X units, picking up by 7.6% compared with the previous year's figure. In general, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 104% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hand-operated air pump exports dropped remarkably to $X in 2022. Over the period under review, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 221%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X units) was the main destination for hand-operated air pump exports from Thailand, accounting for a 40% share of total exports. Moreover, hand-operated air pump exports to Pakistan exceeded the volume sent to the second major destination, Singapore (X units), threefold. Myanmar (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Pakistan totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-16.7% per year) and Myanmar (+30.8% per year).

In value terms, Pakistan ($X), South Africa ($X) and Singapore ($X) were the largest markets for hand-operated air pump exported from Thailand worldwide, with a combined 67% share of total exports.

South Africa, with a CAGR of +57.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 hand-operated air pump export price stood at $X per unit in 2022, waning by -43.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 80%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Myanmar ($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 Singapore (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports into Thailand

In 2022, the amount of hand or foot-operated air pumps imported into Thailand reached X units, therefore, remained relatively stable against the previous year. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by 186% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, hand-operated air pump imports declined sharply to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 82%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand-operated air pump to Thailand, accounting for a 72% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), sixfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+27.3% per year) and Taiwan (Chinese) (+0.3% per year).

In value terms, China ($X) constituted the largest supplier of hand or foot-operated air pumps to Thailand, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.4% per year) and the United States (+6.1% per year).

Import Prices by Country

The average hand-operated air pump import price stood at $X per unit in 2022, with a decrease of -15.4% against the previous year. Overall, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 15%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a 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 ($X per unit), while the price for Singapore ($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 (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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