Thailand: Market for Moulds For Mineral Materials 2024

Market Size for Moulds For Mineral Materials in Thailand

The Thai mould for mineral materials market skyrocketed to $X in 2022, rising by 271% against the previous year. Over the period under review, consumption continues to indicate a prominent expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Moulds For Mineral Materials in Thailand

In value terms, mould for mineral materials production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt decrease. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Moulds For Mineral Materials

Exports from Thailand

In 2022, shipments abroad of moulds for mineral materials decreased by -1.8% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 363%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, mould for mineral materials exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 208% against the previous year. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), the Philippines (X units) and Malaysia (X units) were the main destinations of mould for mineral materials exports from Thailand, with a combined 82% share of total exports. Taiwan (Chinese), South Korea, Vietnam and Indonesia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +163.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mould for mineral materials exported from Thailand were the United States ($X), Malaysia ($X) and the Philippines ($X), together comprising 74% of total exports. These countries were followed by Taiwan (Chinese), Vietnam, South Korea and Indonesia, which together accounted for a further 15%.

Taiwan (Chinese), with a CAGR of +149.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 mould for mineral materials export price amounted to $X per unit, increasing by 29% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 37% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

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 Vietnam ($X per unit), while the average price for exports to South Korea ($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 South Korea (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Moulds For Mineral Materials

Imports into Thailand

In 2022, overseas purchases of moulds for mineral materials were finally on the rise to reach X units after three years of decline. Over the period under review, imports showed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 359% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mould for mineral materials imports surged to $X in 2022. In general, imports posted strong growth. The growth pace was the most rapid in 2014 when imports increased by 198%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main mould for mineral materials supplier to Thailand, with a 95% share of total imports. It was followed by South Korea (X units), with a 1.2% share of total imports. The third position in this ranking was taken by Italy (X units), with a 0.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-8.7% per year) and Italy (-23.0% per year).

In value terms, China ($X) constituted the largest supplier of moulds for mineral materials to Thailand, comprising 72% of total imports. The second position in the ranking was held by South Korea ($X), with a 3.2% share of total imports. It was followed by Germany, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.8% per year) and Germany (+1.7% per year).

Import Prices by Country

In 2022, the average mould for mineral materials import price amounted to $X per unit, declining by -43.7% against the previous year. In general, the import price saw a abrupt descent. The growth pace was the most rapid in 2015 when the average import price increased by 44% against the previous year. The import price peaked at $X per unit in 2021, and then dropped markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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