Thailand: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in Thailand

After three years of decline, the Thai mobile lifting frame market increased by 25% to $X in 2021. Over the period under review, consumption, however, recorded a abrupt setback. Mobile lifting frame consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Mobile Lifting Frame Exports

Exports from Thailand

Mobile lifting frame exports from Thailand contracted markedly to X units in 2021, dropping by -29.2% on the year before. Over the period under review, exports faced a dramatic decline. The pace of growth was the most pronounced in 2015 when exports increased by 1,367% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mobile lifting frame exports fell sharply to $X in 2021. Overall, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2015 with an increase of 738%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Lao People's Democratic Republic (X units) was the main destination for mobile lifting frame exports from Thailand, accounting for a 72% share of total exports. Moreover, mobile lifting frame exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Myanmar (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Lao People's Democratic Republic totaled -24.2%.

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for mobile lifting frames on tyres and straddle carriers exports from Thailand, comprising 78% of total exports. The second position in the ranking was held by Myanmar ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Lao People's Democratic Republic totaled -22.2%.

Export Prices by Country

The average mobile lifting frame export price stood at $X per unit in 2021, which is down by -70.6% against the previous year. Over the period under review, the export price, however, continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 741%. The export price peaked at $X per unit in 2020, and then fell significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to Myanmar totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+20.4%), while the prices for the other major destinations experienced mixed trend patterns.

Mobile Lifting Frame Imports

Imports into Thailand

In 2021, after three years of decline, there was significant growth in supplies from abroad of mobile lifting frames on tyres and straddle carriers, when their volume increased by 17% to X units. Overall, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by 271% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, mobile lifting frame imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by 153% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and South Korea (X units) were the main suppliers of mobile lifting frame imports to Thailand, with a combined 97% share of total imports. Germany lagged somewhat behind, accounting for a further 2.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +81.5%), while imports for the other leaders experienced a decline.

In value terms, the largest mobile lifting frame suppliers to Thailand were China ($X), Japan ($X) and Germany ($X), together comprising 97% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +83.6%, 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 mobile lifting frame import price amounted to $X per unit, surging by 4.1% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mobile lifting frame import price increased by +129.2% against 2016 indices. The growth pace was the most rapid in 2018 when the average import price increased by 50% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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 China ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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