Thailand: Ironing Machine Market 2022

Ironing Machine Market Size in Thailand

The Thai ironing machine market expanded modestly to $X in 2021, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate moderate growth. Ironing machine consumption peaked in 2021 and is expected to retain growth in the near future.

Ironing Machine Production in Thailand

In value terms, ironing machine production dropped notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Ironing machine production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Ironing Machine Exports

Exports from Thailand

In 2021, overseas shipments of ironing machines and presses decreased by -X% to X units, falling for the fifth year in a row after five years of growth. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, ironing machine exports rose rapidly to $X in 2021. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for ironing machine exports from Thailand, with a X% share of total exports. Moreover, ironing machine exports to China exceeded the volume sent to the second major destination, Australia (X units), threefold. Maldives (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-X% per year) and Maldives (+X% per year).

In value terms, China ($X) emerged as the key foreign market for ironing machine exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Australia (-X% per year).

Export Prices by Country

The average ironing machine export price stood at $X per unit in 2021, surging by X% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Pakistan ($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 (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Ironing Machine Imports

Imports into Thailand

In 2021, purchases abroad of ironing machines and presses decreased by -X% to X units, falling for the third year in a row after four years of growth. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ironing machine imports stood at $X in 2021. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest ironing machine supplier to Thailand, with a X% share of total imports. Moreover, ironing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), eightfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, China ($X), Japan ($X) and Italy ($X) constituted the largest ironing machine suppliers to Thailand, together accounting for X% of total imports. These countries were followed by Taiwan (Chinese), the United States and Vietnam, which together accounted for a further X, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ironing machine import price stood at $X per unit in 2021, surging by X% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2020 an increase of X%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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