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

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

In 2021, the Thai numerically controlled drilling machine market decreased by -5.9% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a dramatic setback. Numerically controlled drilling machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Thailand

In 2021, the amount of numerically controlled drilling machines for working metal exported from Thailand surged to X tons, growing by 392% compared with the previous year. Overall, exports, however, showed a perceptible slump. The growth pace was the most rapid in 2016 when exports increased by 617%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, numerically controlled drilling machine exports soared to $X in 2021. Over the period under review, exports, however, faced a deep contraction. The growth pace was the most rapid in 2019 when exports increased by 620%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for numerically controlled drilling machine exports from Thailand, accounting for a 87% share of total exports. Moreover, numerically controlled drilling machine exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Japan (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-3.9% per year) and Chile (0.0% per year).

In value terms, the largest markets for numerically controlled drilling machine exported from Thailand were Taiwan (Chinese) ($X), Japan ($X) and Chile ($X), together comprising 97% of total exports.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +11.4%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average numerically controlled drilling machine export price amounted to $X per ton, reducing by -50% against the previous year. In general, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 the United Arab Emirates (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Thailand

In 2021, overseas purchases of numerically controlled drilling machines for working metal decreased by -2.8% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports faced a precipitous decrease. The pace of growth was the most pronounced in 2014 with an increase of 138%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports totaled $X in 2021. Overall, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2014 when imports increased by 93%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of numerically controlled drilling machine to Thailand, with a 77% share of total imports. Moreover, numerically controlled drilling machine imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sevenfold. The third position in this ranking was taken by India (X tons), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at -30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-22.6% per year) and India (+24.6% per year).

In value terms, Japan ($X) constituted the largest supplier of numerically controlled drilling machines for working metal to Thailand, comprising 72% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at -29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.9% per year) and Taiwan (Chinese) (-25.0% per year).

Import Prices by Country

The average numerically controlled drilling machine import price stood at $X per ton in 2021, surging by 13% against the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, numerically controlled drilling machine import price increased by +97.5% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of 37% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Italy ($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 (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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