Thailand: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Thailand

The Thai lathe for removing metal market contracted markedly to $X in 2021, dropping by -35.2% against the previous year. Overall, consumption faced a drastic downturn. Lathe for removing metal consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Lathes For Removing Metal in Thailand

In value terms, lathe for removing metal production fell significantly to $X in 2021 estimated in export price. In general, production continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Exports of Lathes For Removing Metal

Exports from Thailand

In 2021, the amount of lathes for removing metal exported from Thailand soared to X units, rising by 240% against 2020. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lathe for removing metal exports soared to $X in 2021. Over the period under review, exports posted a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X units), the Netherlands (X units) and the United States (X units) were the main destinations of lathe for removing metal exports from Thailand, together comprising 61% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +46.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lathe for removing metal exported from Thailand were Japan ($X), the Netherlands ($X) and the United States ($X), together comprising 64% of total exports. These countries were followed by Taiwan (Chinese), South Korea, Vietnam, China and India, which together accounted for a further 24%.

South Korea, with a CAGR of +36.9%, saw the highest rates of growth with regard to the value of exports, among 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

In 2021, the average lathe for removing metal export price amounted to $X per unit, declining by -29.1% against the previous year. In general, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of 36%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Vietnam ($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 South Korea (-1.0%), while the prices for the other major destinations experienced a decline.

Imports of Lathes For Removing Metal

Imports into Thailand

In 2021, purchases abroad of lathes for removing metal increased by 52% to X units, rising for the fourth year in a row after five years of decline. In general, imports, however, faced a abrupt shrinkage. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, lathe for removing metal imports contracted modestly to $X in 2021. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 28%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of lathe for removing metal imports to Thailand, with a combined 82% share of total imports. France, the United States, the Czech Republic, South Korea and Switzerland lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +45.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of lathes for removing metal to Thailand, comprising 48% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 18% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at -19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-13.2% per year) and China (-4.7% per year).

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2021, declining by -35.7% against the previous year. Overall, the import price saw a perceptible descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 35% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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