Thailand: Keyboards Market 2024

Keyboards Market Size in Thailand

In 2022, the Thai keyboards market decreased by -4.5% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Keyboards Production in Thailand

In value terms, keyboards production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable reduction. The growth pace was the most rapid in 2014 with an increase of 20% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Keyboards Exports

Exports from Thailand

In 2022, after three years of growth, there was significant decline in overseas shipments of keyboards, when their volume decreased by -7.9% to X units. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 355% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then contracted in the following year.

In value terms, keyboards exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 622% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Hong Kong SAR (X units) was the main destination for keyboards exports from Thailand, accounting for a 67% share of total exports. Moreover, keyboards exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was held by China (X units), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +98.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+71.3% per year) and China (-4.1% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for keyboards exports from Thailand, comprising 65% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Singapore, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at +48.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+33.5% per year) and Singapore (-1.9% per year).

Export Prices by Country

In 2022, the average keyboards export price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 58% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to China ($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 Lao People's Democratic Republic (-0.3%), while the prices for the other major destinations experienced a decline.

Keyboards Imports

Imports into Thailand

In 2022, after seven years of growth, there was significant decline in overseas purchases of keyboards, when their volume decreased by -5% to X units. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2014 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, keyboards imports declined to $X in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 30%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) was the main keyboards supplier to Thailand, with a 95% share of total imports. It was followed by Japan (X units), with a 0.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.0%.

In value terms, China ($X) constituted the largest supplier of keyboards to Thailand, comprising 88% of total imports. The second position in the ranking was held by Japan ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +11.9%.

Import Prices by Country

In 2022, the average keyboards import price amounted to $X per unit, declining by -3.5% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, keyboards import price increased by +80.1% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Japan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%).

Source: IndexBox Platform

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