Thailand: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Thailand

The Thai non-numerically controlled drilling machine market reduced dramatically to $X in 2021, waning by -18.3% against the previous year. Over the period under review, consumption continues to indicate a sharp curtailment. The growth pace was the most rapid in 2018 with an increase of 6.3% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Thailand

In value terms, non-numerically controlled drilling machine production reduced remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 73%. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Thailand

For the fourth year in a row, Thailand recorded decline in shipments abroad of non-numerically controlled drilling machines for working metal, which decreased by -15.1% to X tons in 2021. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 154% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine exports reduced modestly to $X in 2021. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 166%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Singapore (X tons) and Japan (X tons) were the main destinations of non-numerically controlled drilling machine exports from Thailand, together accounting for 85% of total exports. China, Italy, Myanmar, Vietnam, India and the Philippines lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +181.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-numerically controlled drilling machine exported from Thailand were Malaysia ($X), Singapore ($X) and Italy ($X), with a combined 75% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +104.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-numerically controlled drilling machine export price stood at $X per ton in 2021, growing by 13% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-numerically controlled drilling machine export price increased by +78.1% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 41%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Thailand

Non-numerically controlled drilling machine imports into Thailand declined remarkably to X tons in 2021, shrinking by -28.8% against 2020. In general, imports faced a sharp slump. The pace of growth appeared the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, non-numerically controlled drilling machine imports shrank modestly to $X in 2021. Overall, imports showed a sharp reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 36%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of non-numerically controlled drilling machine imports to Thailand, with a combined 87% share of total imports. These countries were followed by the United States, Switzerland and South Korea, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +26.6%), while imports for the other leaders experienced a decline.

In value terms, the largest non-numerically controlled drilling machine suppliers to Thailand were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 90% share of total imports. South Korea, Switzerland and the United States lagged somewhat behind, together comprising a further 5.1%.

In terms of the main suppliers, the United States, with a CAGR of +0.3%, recorded the highest rates of growth with regard to 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 non-numerically controlled drilling machine import price amounted to $X per ton, rising by 36% against the previous year. Over the period under review, the import price posted strong growth. The most prominent rate of growth was recorded in 2020 an increase of 50%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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