Thailand: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Thailand

In 2021, the Thai machine-tool for working wood market was finally on the rise to reach $X after three years of decline. In general, consumption continues to indicate a abrupt curtailment. Machine-tool for working wood consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Machine-Tools For Working Wood

Exports from Thailand

Machine-tool for working wood exports from Thailand fell significantly to X tons in 2021, which is down by -57.2% compared with the year before. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 23%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for working wood exports contracted markedly to $X in 2021. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X tons), Singapore (X tons) and Japan (X tons) were the main destinations of machine-tool for working wood exports from Thailand, with a combined 47% share of total exports. China, Taiwan (Chinese), the United States, Malaysia, Indonesia, Germany, Mexico, Vietnam and South Korea lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +23.9%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for machine-tool for working wood exported from Thailand were Japan ($X), China ($X) and Malaysia ($X), with a combined 49% share of total exports. Singapore, the United States, Lao People's Democratic Republic, South Korea, Vietnam, Taiwan (Chinese), Germany, Indonesia and Mexico lagged somewhat behind, together accounting for a further 40%.

The United States, with a CAGR of +34.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average machine-tool for working wood export price stood at $X per ton in 2021, growing by 36% against the previous year. Overall, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 47%. The export price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) 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 (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Thailand

In 2021, supplies from abroad of machine-tools for working wood decreased by -19.9% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports faced a deep contraction. The pace of growth was the most pronounced in 2016 with an increase of 54%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine-tool for working wood imports expanded rapidly to $X in 2021. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 16%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of machine-tool for working wood imports to Thailand, with a combined 78% share of total imports. The United States, Italy and Germany lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +3.8%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) appeared to be the largest machine-tool for working wood suppliers to Thailand, with a combined 82% share of total imports.

China, with a CAGR of +5.4%, saw 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 machine-tool for working wood import price stood at $X per ton in 2021, jumping by 41% against the previous year. Overall, the import price posted a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 54% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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