Thailand: Measuring Instrument Market 2022

Measuring Instrument Market Size in Thailand

In 2021, after two years of growth, there was significant decline in the Thai measuring instrument market, when its value decreased by -11.6% to $X. Overall, consumption, however, enjoyed buoyant growth. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Measuring Instrument Production in Thailand

In value terms, measuring instrument production totaled $X in 2021 estimated in export price. Overall, production saw significant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 101%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Measuring Instrument Exports

Exports from Thailand

In 2021, after two years of decline, there was significant growth in shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids, when their volume increased by 68% to X units. In general, exports posted a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 174%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, measuring instrument exports soared to $X in 2021. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 236% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X units), Brazil (X units) and the United States (X units) were the main destinations of measuring instrument exports from Thailand, with a combined 57% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +2,899.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for measuring instrument exported from Thailand were Romania ($X), the United States ($X) and Japan ($X), with a combined 80% share of total exports.

Romania, with a CAGR of +2,550.3%, saw the highest rates of growth with regard to 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

The average measuring instrument export price stood at $X per unit in 2021, growing by 3.4% against the previous year. In general, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2014 an increase of 96%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to the UK ($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 India (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Measuring Instrument Imports

Imports into Thailand

In 2021, overseas purchases of instruments and apparatus for measuring or checking the flow or level of liquids decreased by -3.7% to X units, falling for the third consecutive year after three years of growth. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 4.8% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, measuring instrument imports soared to $X in 2021. Over the period under review, imports recorded a deep downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), the Philippines (X units) and China (X units) were the main suppliers of measuring instrument imports to Thailand, together accounting for 87% of total imports.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of measuring instrument to Thailand, comprising 29% of total imports. The second position in the ranking was held by the Philippines ($X), with a 14% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+2.1% per year) and the United States (-7.6% per year).

Import Prices by Country

In 2021, the average measuring instrument import price amounted to $X per unit, growing by 21% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2013 when the average import price increased by 40% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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