Thailand: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Thailand

The Thai metal domestic furniture market rose remarkably to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Metal Domestic Furniture Production in Thailand

In value terms, metal domestic furniture production expanded remarkably to $X in 2022 estimated in export price. Overall, production posted a measured increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Metal Domestic Furniture Exports

Exports from Thailand

In 2022, after two years of decline, there was growth in overseas shipments of metal furniture, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal domestic furniture exports reduced modestly to $X in 2022. In general, exports showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X tons) was the main destination for metal domestic furniture exports from Thailand, with a X% share of total exports. Moreover, metal domestic furniture exports to the United States exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold. Lithuania (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Lithuania (X% per year).

In value terms, the United States ($X) remains the key foreign market for metal furniture exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Canada (X% per year).

Export Prices by Country

The average metal domestic furniture export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into Thailand

In 2022, purchases abroad of metal furniture increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, metal domestic furniture imports fell sharply to $X in 2022. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, China (X tons) was the main metal domestic furniture supplier to Thailand, accounting for a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports. The third position in this ranking was taken by Lao People's Democratic Republic (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, China ($X) constituted the largest supplier of metal furniture to Thailand, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2022, the average metal domestic furniture import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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