Thailand: Metal Deburring Machine Market 2024

Metal Deburring Machine Market Size in Thailand

The Thai metal deburring machine market surged to $X in 2021, increasing by 79% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Metal deburring machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Metal Deburring Machine Production in Thailand

In value terms, metal deburring machine production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 1,468% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Metal Deburring Machine Exports

Exports from Thailand

In 2021, approx. X units of machines for deburring or polishing metal were exported from Thailand; rising by 122% on the year before. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 702%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, metal deburring machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 634%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for metal deburring machine exports from Thailand, accounting for a 85% share of total exports. Moreover, metal deburring machine exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), eightfold. The third position in this ranking was taken by Bangladesh (X units), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.8% per year) and Bangladesh (+17.8% per year).

In value terms, the United States ($X) emerged as the key foreign market for machines for deburring or polishing metal exports from Thailand, comprising 89% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 3.3% share of total exports. It was followed by Japan, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +202.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.9% per year) and Japan (-16.6% per year).

Export Prices by Country

The average metal deburring machine export price stood at $X per unit in 2021, shrinking by -45.3% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2018 when the average export price increased by 21% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to the United Arab Emirates ($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 Japan (+7.4%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Deburring Machine Imports

Imports into Thailand

For the fourth consecutive year, Thailand recorded growth in supplies from abroad of machines for deburring or polishing metal, which increased by 65% to X units in 2021. In general, imports showed perceptible growth. The growth pace was the most rapid in 2019 when imports increased by 91% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, metal deburring machine imports contracted significantly to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 72% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of metal deburring machine imports to Thailand, with a combined 93% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +32.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) constituted the largest metal deburring machine suppliers to Thailand, with a combined 87% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +4.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal deburring machine import price amounted to $X per unit, with a decrease of -52.6% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 33%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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