Thailand: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Thailand

The Thai market for machine-tools for working stone, ceramics, and concrete expanded remarkably to $X in 2022, rising by 8.8% against the previous year. In general, consumption enjoyed a notable expansion. Machine tools for working stone consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Thailand

In value terms, machine tools for working stone production declined slightly to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong expansion. The growth pace was the most rapid in 2017 when the production volume increased by 1,556% against the previous year. Machine tools for working stone production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Thailand

In 2022, overseas shipments of machine-tools for working stone, ceramics, and concrete decreased by -82.3% to X units, falling for the third year in a row after two years of growth. In general, exports recorded a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 316% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine tools for working stone exports contracted sharply to $X in 2022. Over the period under review, exports recorded a perceptible slump. The growth pace was the most rapid in 2019 when exports increased by 470%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X units) was the main destination for machine tools for working stone exports from Thailand, with a 42% share of total exports. Moreover, machine tools for working stone exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Myanmar (X units), twofold. India (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic totaled -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (-10.5% per year) and India (-25.3% per year).

In value terms, India ($X), Lao People's Democratic Republic ($X) and Switzerland ($X) constituted the largest markets for machine tools for working stone exported from Thailand worldwide, with a combined 27% share of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +206.6%, saw the highest growth rate of 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 export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, rising by 229% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Myanmar ($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 Switzerland (+54.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Thailand

In 2022, approx. X units of machine-tools for working stone, ceramics, and concrete were imported into Thailand; rising by 26% against 2021. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by 90% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, machine tools for working stone imports surged to $X in 2022. Over the period under review, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 76%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of machine tools for working stone to Thailand, with a 62% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Japan (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.1% per year) and Japan (-29.0% per year).

In value terms, the largest machine tools for working stone suppliers to Thailand were Japan ($X), China ($X) and South Korea ($X), with a combined 92% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +9.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, increasing by 22% against the previous year. Over the period under review, the import price enjoyed a notable expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 59% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+31.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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