Thailand: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in Thailand

In 2021, after two years of decline, there was significant growth in the Thai fruit-preparation industrial machinery market, when its value increased by 90% to $X. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Fruit-Preparation Industrial Machinery Exports

Exports from Thailand

For the third consecutive year, Thailand recorded growth in overseas shipments of industrial machinery for the preparation of fruits, nuts or vegetables, which increased by 80% to X units in 2021. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 500% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, fruit-preparation industrial machinery exports skyrocketed to $X in 2021. Over the period under review, exports posted a strong expansion. The growth pace was the most rapid in 2015 with an increase of 199%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Nicaragua (X units) was the main destination for fruit-preparation industrial machinery exports from Thailand, accounting for a 54% share of total exports. Moreover, fruit-preparation industrial machinery exports to Nicaragua exceeded the volume sent to the second major destination, Israel (X units), fourfold. Indonesia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Nicaragua stood at +99.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+69.7% per year) and Indonesia (+38.0% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for industrial machinery for the preparation of fruits, nuts or vegetables exports from Thailand, comprising 97% of total exports. The second position in the ranking was taken by Nicaragua ($X), with a 1% share of total exports. It was followed by Israel, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+22.9% per year) and Israel (+13.8% per year).

Export Prices by Country

In 2021, the average fruit-preparation industrial machinery export price amounted to $X per unit, jumping by 15% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2016 an increase of 197% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Australia ($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 Indonesia (+7.4%), while the prices for the other major destinations experienced a decline.

Fruit-Preparation Industrial Machinery Imports

Imports into Thailand

In 2021, overseas purchases of industrial machinery for the preparation of fruits, nuts or vegetables increased by 102% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 248%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, fruit-preparation industrial machinery imports surged to $X in 2021. In general, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 152%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main fruit-preparation industrial machinery supplier to Thailand, with a 92% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+28.7% per year) and Italy (-7.3% per year).

In value terms, China ($X) constituted the largest supplier of industrial machinery for the preparation of fruits, nuts or vegetables to Thailand, comprising 30% of total imports. The second position in the ranking was held by Italy ($X), with a 7.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.5% per year) and Taiwan (Chinese) (+7.8% per year).

Import Prices by Country

The average fruit-preparation industrial machinery import price stood at $X per unit in 2021, which is down by -37.9% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 109%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+16.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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