Thailand: Moulds For Metal Market 2024

Moulds For Metal Market Size in Thailand

The Thai moulds for metal market reduced to $X in 2022, declining by -9.8% against the previous year. Overall, consumption recorded a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Moulds For Metal Production in Thailand

In value terms, moulds for metal production declined remarkably to $X in 2022 estimated in export price. Overall, production, however, showed a mild expansion. The pace of growth was the most pronounced in 2021 when the production volume increased by 51%. Moulds for metal production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Moulds For Metal Exports

Exports from Thailand

In 2022, shipments abroad of moulds for metals increased by 30% to X tons, rising for the second consecutive year after five years of decline. Overall, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 31%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, moulds for metal exports expanded notably to $X in 2022. In general, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 47%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Japan (X tons) and India (X tons) were the main destinations of moulds for metal exports from Thailand, with a combined 25% share of total exports. The United States, Vietnam, Indonesia, the Philippines, South Korea, Brazil, China, Taiwan (Chinese), Australia and Iran lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +11.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for moulds for metal exported from Thailand were Japan ($X), the United States ($X) and Malaysia ($X), together comprising 22% of total exports. India, Vietnam, Indonesia, Brazil, the Philippines, China, South Korea, Australia, Taiwan (Chinese) and Iran lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, China, with a CAGR of -0.2%, 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 a decline.

Export Prices by Country

In 2022, the average moulds for metal export price amounted to $X per ton, with a decrease of -16.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 40% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Brazil ($X per ton), while the average price for exports to Iran ($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 (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Thailand

In 2022, supplies from abroad of moulds for metals decreased by -8.3% to X tons, falling for the second year in a row after four years of growth. In general, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 47% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, moulds for metal imports reduced to $X in 2022. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by 41% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of moulds for metal to Thailand, accounting for a 36% share of total imports. Moreover, moulds for metal imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold. The third position in this ranking was held by Japan (X tons), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+0.7% per year) and Japan (-11.7% per year).

In value terms, China ($X) constituted the largest supplier of moulds for metals to Thailand, comprising 28% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports. It was followed by South Korea, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-15.5% per year) and South Korea (-0.9% per year).

Import Prices by Country

The average moulds for metal import price stood at $X per ton in 2022, growing by 7.6% against the previous year. In general, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2019 an increase of 29%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform