Thailand: Non-Hydraulic Press Market 2024

Non-Hydraulic Press Market Size in Thailand

The Thai non-hydraulic press market fell dramatically to $X in 2021, with a decrease of -58.4% against the previous year. Over the period under review, consumption continues to indicate a deep downturn. Non-hydraulic press consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Non-Hydraulic Press Production in Thailand

In value terms, non-hydraulic press production amounted to $X in 2021 estimated in export price. In general, production faced a sharp descent. The most prominent rate of growth was recorded in 2020 with a decrease of 99.9%. Non-hydraulic press production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Non-Hydraulic Press Exports

Exports from Thailand

In 2021, the amount of non-hydraulic presses for working metal exported from Thailand skyrocketed to X units, with an increase of 32% on the previous year. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 107%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, non-hydraulic press exports reduced to $X in 2021. In general, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 50%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units), Japan (X units) and Lao People's Democratic Republic (X units) were the main destinations of non-hydraulic press exports from Thailand, with a combined 61% share of total exports. These countries were followed by India, Mexico, the UK, Vietnam, Hong Kong SAR, Singapore, Malaysia and Taiwan (Chinese), which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +250.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for non-hydraulic presses for working metal exports from Thailand, comprising 49% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with an 8.9% share of total exports. It was followed by India, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+14.8% per year) and India (+5.3% per year).

Export Prices by Country

The average non-hydraulic press export price stood at $X per unit in 2021, reducing by -27.6% against the previous year. Over the period under review, the export price faced a dramatic decline. The growth pace was the most rapid in 2015 an increase of 47% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (-1.3%), while the prices for the other major destinations experienced a decline.

Non-Hydraulic Press Imports

Imports into Thailand

In 2021, non-hydraulic press imports into Thailand fell markedly to X units, with a decrease of -70.8% against the previous year. Over the period under review, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 128% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, non-hydraulic press imports dropped dramatically to $X in 2021. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2020 when imports increased by 39% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-hydraulic press supplier to Thailand, accounting for a 65% share of total imports. Moreover, non-hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. Vietnam (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-23.3% per year) and Vietnam (-0.5% per year).

In value terms, Japan ($X), China ($X) and South Korea ($X) were the largest non-hydraulic press suppliers to Thailand, with a combined 68% share of total imports. These countries were followed by Vietnam, Taiwan (Chinese), Germany, Italy and Switzerland, which together accounted for a further 26%.

Among the main suppliers, Germany, with a CAGR of +45.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-hydraulic press import price stood at $X per unit in 2021, rising by 135% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. 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 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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