Thailand: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Thailand

The Thai market for equipment for scaffolding, shuttering, propping or pit propping fell slightly to $X in 2021, with a decrease of -2% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.0% against 2015 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Thailand

In value terms, scaffolding, shuttering, and propping equipment production expanded markedly to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 47%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Thailand

For the third consecutive year, Thailand recorded decline in shipments abroad of equipment for scaffolding, shuttering, propping or pit propping, which decreased by -6.4% to X tons in 2021. Overall, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of 55%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment exports totaled less than $X in 2021. Over the period under review, exports, however, posted pronounced growth. The most prominent rate of growth was recorded in 2018 when exports increased by 52% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) and Comoros (X tons) were the main destinations of scaffolding, shuttering, and propping equipment exports from Thailand.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of 0.0%).

From 2012 to 2021, the average annual rate of growth in terms of value to No country was relatively modest.

Export Prices by Country

In 2019, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, increasing by 6.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 11% against the previous year. The export price peaked in 2019 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Thailand

In 2021, overseas purchases of equipment for scaffolding, shuttering, propping or pit propping decreased by -24.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of 96% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports amounted to less than $X in 2021. Overall, imports, however, continue to indicate a temperate expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 52% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Costa Rica (X tons) was the main scaffolding, shuttering, and propping equipment supplier to Thailand, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Costa Rica was relatively modest.

From 2012 to 2021, the average annual growth rate of value from No country was relatively modest.

Import Prices by Country

In 2019, the average import price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, reducing by -7.3% against the previous year. Overall, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of 33%. The import price peaked at $X per ton in 2012; however, from 2013 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Japan (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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