Thailand: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Thailand

The Thai meat-preparation industrial machinery market soared to $X in 2022, rising by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted temperate growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Meat-Preparation Industrial Machinery Exports

Exports from Thailand

In 2022, the amount of industrial machinery for the preparation of meat or poultry exported from Thailand skyrocketed to X units, with an increase of 63% on 2021 figures. In general, exports, however, showed a slight descent. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, meat-preparation industrial machinery exports surged to $X in 2022. Over the period under review, exports recorded a mild increase. Over the period under review, the exports attained the peak figure at $X in 2019; afterwards, it flattened through to 2022.

Exports by Country

Lao People's Democratic Republic (X units), Cambodia (X units) and Vietnam (X units) were the main destinations of meat-preparation industrial machinery exports from Thailand, with a combined 66% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +56.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), the Philippines ($X) and Cambodia ($X) were the largest markets for meat-preparation industrial machinery exported from Thailand worldwide, with a combined 58% share of total exports. Lao People's Democratic Republic, India, China, Australia, Germany, South Korea and Hong Kong SAR lagged somewhat behind, together accounting for a further 33%.

Australia, with a CAGR of +67.7%, saw the highest growth rate of 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 meat-preparation industrial machinery export price amounted to $X per unit, with an increase of 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2021 an increase of 41%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Hong Kong SAR ($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 Australia (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Meat-Preparation Industrial Machinery Imports

Imports into Thailand

For the third year in a row, Thailand recorded growth in overseas purchases of industrial machinery for the preparation of meat or poultry, which increased by 41% to X units in 2022. In general, imports posted a temperate expansion. The growth pace was the most rapid in 2021 when imports increased by 93% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, meat-preparation industrial machinery imports expanded sharply to $X in 2022. Overall, imports posted a tangible increase. The pace of growth appeared the most rapid in 2014 when imports increased by 86% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of meat-preparation industrial machinery imports to Thailand, with a combined 67% share of total imports. Belgium, Japan, Mexico, the United States, the Netherlands and France lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +34.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the Netherlands ($X) and Germany ($X) were the largest meat-preparation industrial machinery suppliers to Thailand, with a combined 63% share of total imports. China, Belgium, Italy, the United States, France and Mexico lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Belgium, with a CAGR of +39.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat-preparation industrial machinery import price stood at $X per unit in 2022, with a decrease of -19.9% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, meat-preparation industrial machinery import price decreased by -40.2% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 14%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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