Thailand: Hide Repairing Machinery Market 2025

Hide Repairing Machinery Market Size in Thailand

In 2022, the Thai hide repairing machinery market increased by 6.9% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hide Repairing Machinery Production in Thailand

In value terms, hide repairing machinery production soared to $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hide Repairing Machinery Exports

Exports from Thailand

In 2022, the amount of machinery for making or repairing articles of hides, skins or leather exported from Thailand declined markedly to X units, reducing by -42.3% against the previous year. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 565% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, hide repairing machinery exports reached $X in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 999%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Lao People's Democratic Republic (X units), Vietnam (X units) and Poland (X units) were the main destinations of hide repairing machinery exports from Thailand, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lao People's Democratic Republic (with a CAGR of +61.0%), while the other leaders experienced more modest paces of growth.

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for machinery for making or repairing articles of hides, skins or leather exports from Thailand, comprising 80% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports. It was followed by Vietnam, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lao People's Democratic Republic amounted to +91.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (0.0% per year) and Vietnam (+1.4% per year).

Export Prices by Country

The average hide repairing machinery export price stood at $X per unit in 2022, jumping by 75% against the previous year. Overall, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 199% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Vietnam ($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 (+9.5%), while the prices for the other major destinations experienced a decline.

Hide Repairing Machinery Imports

Imports into Thailand

In 2022, supplies from abroad of machinery for making or repairing articles of hides, skins or leather was finally on the rise to reach X units after three years of decline. In general, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 when imports increased by 216%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, hide repairing machinery imports declined to $X in 2022. Over the period under review, imports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2018 when imports increased by 185% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hide repairing machinery supplier to Thailand, accounting for a 64% share of total imports. Moreover, hide repairing machinery imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-15.1% per year) and Taiwan (Chinese) (+0.6% per year).

In value terms, the largest hide repairing machinery suppliers to Thailand were China ($X), Italy ($X) and Taiwan (Chinese) ($X), together comprising 69% of total imports.

Taiwan (Chinese), with a CAGR of +4.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average hide repairing machinery import price amounted to $X per unit, which is down by -54.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 133% against the previous year. The import price peaked at $X per unit in 2021, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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