Thailand: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Thailand

In 2022, the Thai market for mechanical appliances for projecting, dispersing or spraying decreased by -17.5% to $X, falling for the third year in a row after two years of growth. Overall, consumption recorded a mild descent. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Thailand

In value terms, production of mechanical appliances for projecting, dispersing or spraying shrank to $X in 2022 estimated in export price. Overall, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 269%. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Thailand

After two years of growth, shipments abroad of mechanical appliances for projecting, dispersing or spraying decreased by -12.5% to X units in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 104%. Over the period under review, the exports of reached the maximum at X units in 2021, and then dropped in the following year.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying reduced sharply to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

The United States (X units) was the main destination for exports of mechanical appliances for projecting, dispersing or spraying from Thailand, accounting for a 53% share of total exports. Moreover, exports of mechanical appliances for projecting, dispersing or spraying to the United States exceeded the volume sent to the second major destination, Japan (X units), twofold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +114.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+22.7% per year) and Taiwan (Chinese) (+17.9% per year).

In value terms, the United States ($X), Japan ($X) and Malaysia ($X) were the largest markets for mechanical appliances for projecting, dispersing or spraying exported from Thailand worldwide, with a combined 72% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +83.6%, saw the highest rates of growth with regard to 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

In 2022, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, shrinking by -9.7% against the previous year. Overall, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 22%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Malaysia (-1.8%), while the prices for the other major destinations experienced a decline.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Thailand

In 2022, after three years of growth, there was significant decline in overseas purchases of mechanical appliances for projecting, dispersing or spraying, when their volume decreased by -19.7% to X units. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 29%. As a result, imports attained the peak of X units, and then declined dramatically in the following year.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying shrank dramatically to $X in 2022. In general, imports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 35%. Over the period under review, imports of reached the peak figure 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 mechanical appliances for projecting, dispersing or spraying supplier to Thailand, accounting for a 54% share of total imports. Moreover, imports of mechanical appliances for projecting, dispersing or spraying from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fivefold. The United States (X units) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+53.6% per year) and the United States (+4.2% per year).

In value terms, China ($X) constituted the largest supplier of mechanical appliances for projecting, dispersing or spraying to Thailand, comprising 44% of total imports. The second position in the ranking was taken by Japan ($X), with a 22% share of total imports. It was followed by the United States, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-13.2% per year) and the United States (-0.3% per year).

Import Prices by Country

In 2022, the average import price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, shrinking by -6.3% against the previous year. In general, the import price recorded a pronounced slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Vietnam ($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 (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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