Thailand: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Thailand

In 2021, after two years of growth, there was significant decline in the Thai market for in-hand motor grinders, sanders and planers, when its value decreased by -59.3% to $X. Overall, consumption faced a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Thailand

Exports of in-hand motor grinders, sanders and planers from Thailand soared to X units in 2021, jumping by 95% on the year before. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 556% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 159%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Indonesia (X units) was the main destination for exports of in-hand motor grinders, sanders and planers from Thailand, accounting for a 42% share of total exports. Moreover, exports of in-hand motor grinders, sanders and planers to Indonesia exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was taken by Vietnam (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia stood at +118.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+115.3% per year) and Vietnam (+51.8% per year).

In value terms, the United States ($X), Indonesia ($X) and Vietnam ($X) appeared to be the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Thailand worldwide, with a combined 72% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +94.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for in-hand motor grinders, sanders and planers amounted to $X per unit, with a decrease of -6% against the previous year. Over the period under review, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 167% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Indonesia ($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 the United States (-9.8%), while the prices for the other major destinations experienced a decline.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Thailand

In 2021, supplies from abroad of in-hand motor grinders, sanders and planers increased by 26% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 177%. Over the period under review, imports of reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, imports of in-hand motor grinders, sanders and planers surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of electromechanical tools for working in the hand, with self-contained electric motor to Thailand, accounting for a 95% share of total imports. It was followed by Malaysia (X units), with a 2.1% share of total imports. The third position in this ranking was taken by Japan (X units), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+8.0% per year) and Japan (-17.5% per year).

In value terms, China ($X) constituted the largest supplier of electromechanical tools for working in the hand, with self-contained electric motor to Thailand, comprising 69% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports. It was followed by Sweden, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.2% per year) and Sweden (+16.7% per year).

Import Prices by Country

In 2021, the average import price for in-hand motor grinders, sanders and planers amounted to $X per unit, growing by 17% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 133%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+52.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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