Thailand: Plastic Headgear Market 2024

Plastic Headgear Market Size in Thailand

The Thai plastic headgear market soared to $X in 2022, with an increase of 57% against the previous year. Over the period under review, consumption saw significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Plastic Headgear Production in Thailand

In value terms, plastic headgear production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Plastic Headgear Exports

Exports from Thailand

In 2022, shipments abroad of headgear of rubber or plastic decreased by -5.9% to X units, falling for the fourth consecutive year after four years of growth. In general, exports saw a abrupt slump. The pace of growth was the most pronounced in 2015 when exports increased by 58% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, plastic headgear exports soared to $X in 2022. Over the period under review, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.9% against 2017 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for plastic headgear exports from Thailand, accounting for a 68% share of total exports. Moreover, plastic headgear exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), more than tenfold. The third position in this ranking was taken by Canada (X units), with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.0% per year) and Canada (-3.7% per year).

In value terms, the United States ($X) remains the key foreign market for headgear of rubber or plastic exports from Thailand, comprising 66% of total exports. The second position in the ranking was taken by Australia ($X), with a 6.3% share of total exports. It was followed by France, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+22.8% per year) and France (+17.4% per year).

Export Prices by Country

The average plastic headgear export price stood at $X per unit in 2022, increasing by 33% against the previous year. Overall, the export price recorded a resilient expansion. The growth pace was the most rapid in 2021 an increase of 97%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 France ($X per unit), while the average price for exports to the United Arab Emirates ($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 France (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Headgear Imports

Imports into Thailand

In 2022, approx. X units of headgear of rubber or plastic were imported into Thailand; picking up by 98% against the year before. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic headgear imports soared to $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +8.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by 33% against the previous year. Imports peaked at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

In 2022, China (X units) was the main plastic headgear supplier to Thailand, with a approx. 98% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +33.0%.

In value terms, China ($X) constituted the largest supplier of headgear of rubber or plastic to Thailand.

From 2012 to 2022, the average annual growth rate of value from China amounted to +9.7%.

Import Prices by Country

The average plastic headgear import price stood at $X per unit in 2022, which is down by -36.1% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 14%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -17.5% per year.

Source: IndexBox Platform

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