Thailand: Food Manufacture Machinery Market 2024

Food Manufacture Machinery Market Size in Thailand

The Thai food manufacture machinery market reduced to $X in 2021, falling by -3.4% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Food Manufacture Machinery Production in Thailand

In value terms, food manufacture machinery production contracted slightly to $X in 2021 estimated in export price. In general, production recorded strong growth. The pace of growth was the most pronounced in 2014 with an increase of 55%. Food manufacture machinery production peaked at $X in 2020, and then shrank slightly in the following year.

Food Manufacture Machinery Exports

Exports from Thailand

In 2021, shipments abroad of machinery for the preparation or manufacture of food or drink was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 74% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, food manufacture machinery exports skyrocketed to $X in 2021. Overall, exports, however, showed a abrupt setback. The growth pace was the most rapid in 2017 when exports increased by 88% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units), China (X units) and Malaysia (X units) were the main destinations of food manufacture machinery exports from Thailand, together accounting for 82% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +43.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for food manufacture machinery exported from Thailand were Taiwan (Chinese) ($X), China ($X) and Malaysia ($X), with a combined 76% share of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of +40.3%, 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 food manufacture machinery export price stood at $X per unit in 2021, increasing by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 67%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Vietnam ($X per unit), while the average price for exports to India ($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 the United Arab Emirates (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.

Food Manufacture Machinery Imports

Imports into Thailand

Food manufacture machinery imports into Thailand contracted to X units in 2021, waning by -14.8% on the year before. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 19% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, food manufacture machinery imports fell notably to $X in 2021. In general, imports faced a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest food manufacture machinery supplier to Thailand, accounting for a 58% share of total imports. Moreover, food manufacture machinery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. The third position in this ranking was held by the United States (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.2% per year) and the United States (-20.2% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) were the largest food manufacture machinery suppliers to Thailand, with a combined 49% share of total imports. These countries were followed by the United States, Japan, France, Belgium, Sweden, the Netherlands, Taiwan (Chinese), Malaysia, South Korea and Switzerland, which together accounted for a further 46%.

Among the main suppliers, Belgium, with a CAGR of +30.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average food manufacture machinery import price amounted to $X per unit, reducing by -24.3% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, food manufacture machinery import price increased by +18.5% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 64% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while the price for China ($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 Netherlands (+38.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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