Thailand - Mechanical Shovels, Excavators and Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand: Market for Mechanical Shovels, Excavators And Shovel Loaders 2025
Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Thailand
In 2021, the Thai mechanical shovel and excavator market increased by 96% to $X, rising for the second consecutive year after five years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Mechanical shovel and excavator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.
Production of Mechanical Shovels, Excavators And Shovel Loaders in Thailand
In value terms, mechanical shovel and excavator production stood at $X in 2021 estimated in export price. In general, production faced a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 154% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.
Exports of Mechanical Shovels, Excavators And Shovel Loaders
Exports from Thailand
In 2021, shipments abroad of mechanical shovels, excavators and shovel loaders was finally on the rise to reach X units after two years of decline. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 with an increase of 504%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, mechanical shovel and excavator exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible downturn. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
Indonesia (X units) was the main destination for mechanical shovel and excavator exports from Thailand, accounting for a 47% share of total exports. Moreover, mechanical shovel and excavator exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (X units), fivefold. The third position in this ranking was held by Cambodia (X units), with an 8.1% share.
From 2012 to 2021, the average annual growth rate of volume to Indonesia stood at -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-10.1% per year) and Cambodia (+12.1% per year).
In value terms, Indonesia ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Thailand, comprising 32% of total exports. The second position in the ranking was held by Australia ($X), with a 7.7% share of total exports. It was followed by Malaysia, with a 7.3% share.
From 2012 to 2021, the average annual growth rate of value to Indonesia stood at -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+24.1% per year) and Malaysia (-6.8% per year).
Export Prices by Country
In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, flattening at the previous year. Overall, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 651% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020, and then dropped slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Myanmar ($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 Australia (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mechanical Shovels, Excavators And Shovel Loaders
Imports into Thailand
Mechanical shovel and excavator imports into Thailand skyrocketed to X units in 2021, rising by 56% against 2020. Overall, imports recorded a strong increase. The growth pace was the most rapid in 2020 when imports increased by 98% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.
In value terms, mechanical shovel and excavator imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 46% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.
Imports by Country
Japan (X units), China (X units) and Indonesia (X units) were the main suppliers of mechanical shovel and excavator imports to Thailand, together comprising 91% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +11.7%), while imports for the other leaders experienced mixed trend patterns.
In value terms, China ($X), Japan ($X) and Indonesia ($X) were the largest mechanical shovel and excavator suppliers to Thailand, with a combined 91% share of total imports.
Among the main suppliers, China, with a CAGR of +8.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, waning by -17.9% against the previous year. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 9.8%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for mechanical shovel and excavator in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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