Thailand: Hand Sieve Market 2024

Hand Sieve Market Size in Thailand

In 2022, after two years of decline, there was significant growth in the Thai hand sieve market, when its value increased by 52% to $X. In general, consumption continues to indicate a significant increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Hand Sieve Production in Thailand

In value terms, hand sieve production skyrocketed to $X in 2022 estimated in export price. Overall, production saw prominent growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 345%. Hand sieve production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Hand Sieve Exports

Exports from Thailand

Hand sieve exports from Thailand soared to X units in 2022, jumping by 20% against the previous year's figure. In general, exports enjoyed a noticeable increase. The pace of growth was the most pronounced in 2017 when exports increased by 365% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand sieve exports rose markedly to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by 320%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units) was the main destination for hand sieve exports from Thailand, with a 86% share of total exports. Moreover, hand sieve exports to Indonesia exceeded the volume sent to the second major destination, Myanmar (X units), more than tenfold. Maldives (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled +211.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+10.1% per year) and Maldives (+46.8% per year).

In value terms, Indonesia ($X), Myanmar ($X) and Maldives ($X) constituted the largest markets for hand sieve exported from Thailand worldwide, with a combined 86% share of total exports.

Indonesia, with a CAGR of +171.7%, 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

In 2022, the average hand sieve export price amounted to $X per unit, falling by -12.5% against the previous year. In general, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 692% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Indonesia ($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 (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Sieve Imports

Imports into Thailand

In 2022, approx. X units of hand sieves and hand riddles were imported into Thailand; with a decrease of -48% compared with 2021. Over the period under review, imports, however, saw a noticeable increase. The growth pace was the most rapid in 2016 when imports increased by 225% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, hand sieve imports skyrocketed to $X in 2022. In general, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 671%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main hand sieve supplier to Thailand, with a 94% share of total imports. It was followed by France (X units), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +20.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+18.4% per year) and the United States (-23.6% per year).

In value terms, China ($X) constituted the largest supplier of hand sieves and hand riddles to Thailand, comprising 51% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.0% per year) and France (+22.8% per year).

Import Prices by Country

In 2022, the average hand sieve import price amounted to $X per unit, growing by 145% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2019 an increase of 146%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for China ($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 (+66.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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