Thailand: Cement Pipe Market 2024

Cement Pipe Market Size in Thailand

The Thai cement pipe market declined to $X in 2022, falling by -1.9% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.0% against 2019 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Cement Pipe Production in Thailand

In value terms, cement pipe production fell to $X in 2022 estimated in export price. Overall, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.6% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 49% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Cement Pipe Exports

Exports from Thailand

In 2022, overseas shipments of pipes and other articles of cement increased by 40% to X tons, rising for the fourth consecutive year after four years of decline. Over the period under review, exports, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 260%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, cement pipe exports skyrocketed to $X in 2022. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 454% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for cement pipe exports from Thailand, with a 47% share of total exports. Moreover, cement pipe exports to the United States exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), threefold. The third position in this ranking was taken by Myanmar (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +70.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-4.2% per year) and Myanmar (+68.3% per year).

In value terms, the United States ($X) remains the key foreign market for pipes and other articles of cement exports from Thailand, comprising 82% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 4.2% share of total exports. It was followed by Cambodia, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-0.6% per year) and Cambodia (-5.1% per year).

Export Prices by Country

The average cement pipe export price stood at $X per ton in 2022, reducing by -3.9% against the previous year. Over the period under review, the export price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 an increase of 77%. As a result, the export price attained the peak level of $X per ton, and then declined modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Pipe Imports

Imports into Thailand

In 2022, the amount of pipes and other articles of cement imported into Thailand surged to X tons, picking up by 50% against 2021 figures. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cement pipe imports expanded notably to $X in 2022. In general, imports showed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest cement pipe supplier to Thailand, with a 74% share of total imports. Moreover, cement pipe imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by Australia (X tons), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+40.4% per year) and Australia (+2.5% per year).

In value terms, China ($X), Australia ($X) and Israel ($X) appeared to be the largest cement pipe suppliers to Thailand, with a combined 81% share of total imports. Italy, Spain, Malaysia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 12%.

Malaysia, with a CAGR of +37.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cement pipe import price stood at $X per ton in 2022, shrinking by -23.5% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank dramatically 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 Australia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :