Thailand: Wood Milling Machine Market 2025

Wood Milling Machine Market Size in Thailand

In 2021, the Thai wood milling machine market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Wood Milling Machine Exports

Exports from Thailand

In 2021, exports of planing, milling or moulding machines from Thailand reduced rapidly to X units, which is down by -27.6% on the year before. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, wood milling machine exports fell sharply to $X in 2021. Overall, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2016 when exports increased by 81%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Singapore (X units) and Japan (X units) were the main destinations of wood milling machine exports from Thailand, together comprising 70% of total exports. Cambodia, Myanmar, France, Switzerland, Vietnam, Taiwan (Chinese), Lao People's Democratic Republic and China lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +24.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Singapore ($X) and Japan ($X) appeared to be the largest markets for wood milling machine exported from Thailand worldwide, together accounting for 80% of total exports. These countries were followed by Myanmar, France, Vietnam, Lao People's Democratic Republic, Switzerland, Cambodia, Taiwan (Chinese) and China, which together accounted for a further 17%.

Myanmar, with a CAGR of +45.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 wood milling machine export price amounted to $X per unit, rising by 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2019 when the average export price increased by 25%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Cambodia ($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 Myanmar (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Milling Machine Imports

Imports into Thailand

In 2021, supplies from abroad of planing, milling or moulding machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood milling machine imports soared to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main supplier of wood milling machine to Thailand, accounting for a 97% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 0.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.3% per year) and Japan (-28.2% per year).

In value terms, China ($X) constituted the largest supplier of planing, milling or moulding machines to Thailand, comprising 55% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-8.9% per year) and Japan (-28.9% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2021, dropping by -31.1% against the previous year. Overall, the import price faced a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price decreased by -15.4% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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