Thailand: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in Thailand

In 2021, the Thai metal non-electric bell market increased by 71% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption enjoyed a notable expansion. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Metal Non-Electric Bell Production in Thailand

In value terms, metal non-electric bell production soared to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -13.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 79% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Metal Non-Electric Bell Exports

Exports from Thailand

For the third year in a row, Thailand recorded decline in overseas shipments of non-electric bells and gongs of base metal, which decreased by -60.7% to X tons in 2020. In general, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2014 when exports increased by 34%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, metal non-electric bell exports dropped sharply to less than $X in 2020. Overall, exports showed a significant decline. The pace of growth appeared the most rapid in 2016 when exports increased by 24%. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons) was the main destination for metal non-electric bell exports from Thailand, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Ecuador was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to No country was relatively modest.

Export Prices by Country

The average metal non-electric bell export price stood at $X per ton in 2019, with a decrease of -7.9% against the previous year. Over the period under review, export price indicated a temperate expansion from 2012 to 2019: its price increased at an average annual rate of +4.2% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, metal non-electric bell export price increased by +38.7% against 2015 indices. The growth pace was the most rapid in 2013 when the average export price increased by 110%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2019, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Non-Electric Bell Imports

Imports into Thailand

In 2021, approx. X tons of non-electric bells and gongs of base metal were imported into Thailand; flattening at the previous year. In general, imports recorded a noticeable slump. The pace of growth appeared the most rapid in 2016 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, metal non-electric bell imports stood at less than $X in 2021. Overall, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Afghanistan (X tons) constituted the largest supplier of metal non-electric bell to Thailand, accounting for a approx. 2.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Afghanistan was relatively modest.

From 2012 to 2021, the average annual growth rate of value from No country was relatively modest.

Import Prices by Country

The average metal non-electric bell import price stood at $X per ton in 2019, jumping by 94% against the previous year. Overall, import price indicated resilient growth from 2012 to 2019: its price increased at an average annual rate of +7.0% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2019, 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 2019, the most notable rate of growth in terms of prices was attained by China (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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