Thailand: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Thailand

In 2021, after two years of growth, there was significant decline in the Thai machine-tool for removing material market, when its value decreased by -55.9% to $X. In general, consumption, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Production of Machine-Tools For Working Any Material By Removal Of Material in Thailand

In value terms, machine-tool for removing material production stood at $X in 2021 estimated in export price. Overall, production posted significant growth. The growth pace was the most rapid in 2013 when the production volume increased by 6,316% against the previous year. Machine-tool for removing material production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Thailand

In 2021, shipments abroad of machine-tools for working any material by removal of material increased by 165% to X units, rising for the second year in a row after two years of decline. In general, exports, however, saw a abrupt downturn. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine-tool for removing material exports surged to $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units), the Netherlands (X units) and the United States (X units) were the main destinations of machine-tool for removing material exports from Thailand, together accounting for 50% of total exports. Japan, Bahrain, the UK, Malaysia, South Korea, India, South Africa, Singapore, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +74.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and the United States ($X) appeared to be the largest markets for machine-tool for removing material exported from Thailand worldwide, with a combined 64% share of total exports. These countries were followed by Japan, South Korea, India, Vietnam, Taiwan (Chinese), Malaysia, Singapore, South Africa, the UK and Bahrain, which together accounted for a further 31%.

In terms of the main countries of destination, the UK, with a CAGR of +40.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, shrinking by -35.2% against the previous year. In general, the export price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 an increase of 181% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Bahrain ($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 Vietnam (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Thailand

Machine-tool for removing material imports into Thailand contracted dramatically to X units in 2021, declining by -61.2% on 2020 figures. Over the period under review, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 2,436% against the previous year. As a result, imports attained the peak of X units, and then dropped markedly in the following year.

In value terms, machine-tool for removing material imports amounted to $X in 2021. Overall, imports showed a pronounced decline. The most prominent rate of growth was recorded in 2018 when imports increased by 39%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of machine-tool for removing material to Thailand, with a 95% share of total imports. It was followed by the United States (X units), with a 1.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.2% per year) and Spain (-58.3% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working any material by removal of material to Thailand, comprising 53% of total imports. The second position in the ranking was taken by the United States ($X), with a 3.6% share of total imports. It was followed by Spain, with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.9% per year) and Spain (-11.9% per year).

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, picking up by 194% against the previous year. Overall, the import price recorded slight growth. The growth pace was the most rapid in 2017 when the average import price increased by 589% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+368.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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