Thailand: Ink-Pad Market 2024

Ink-Pad Market Size in Thailand

The Thai ink-pad market stood at $X in 2022, leveling off at the previous year. Overall, consumption continues to indicate a abrupt downturn. Ink-pad consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ink-Pad Production in Thailand

In value terms, ink-pad production totaled $X in 2022 estimated in export price. Overall, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 29% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ink-Pad Exports

Exports from Thailand

Ink-pad exports from Thailand declined to X units in 2022, reducing by -7.2% on the previous year. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 21% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ink-pad exports expanded significantly to $X in 2022. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Bangladesh (X units), Vietnam (X units) and Myanmar (X units) were the main destinations of ink-pad exports from Thailand, together comprising 63% of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +101.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ink-pad exported from Thailand were Bangladesh ($X), Vietnam ($X) and Myanmar ($X), together accounting for 63% of total exports.

In terms of the main countries of destination, Myanmar, with a CAGR of +102.5%, 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

The average ink-pad export price stood at $X per unit in 2022, surging by 15% against the previous year. Overall, the export price showed a measured increase. The growth pace was the most rapid in 2019 when the average export price increased by 73% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Sri Lanka ($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 the United Arab Emirates (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ink-Pad Imports

Imports into Thailand

In 2022, the amount of ink-pads imported into Thailand plummeted to X units, reducing by -17.9% on the previous year. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 52% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, ink-pad imports declined remarkably to $X in 2022. Over the period under review, imports showed a mild contraction. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X units) constituted the largest ink-pad supplier to Thailand, with a 44% share of total imports. Moreover, ink-pad imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. Germany (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.4% per year) and Germany (+4.0% per year).

In value terms, Japan ($X) constituted the largest supplier of ink-pads to Thailand, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.1% per year) and Taiwan (Chinese) (+3.0% per year).

Import Prices by Country

In 2022, the average ink-pad import price amounted to $X per unit, flattening at the previous year. In general, the import price posted a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 72% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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