Thailand: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Thailand

The Thai pneumatic linear acting actuator market shrank modestly to $X in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a sharp descent. Pneumatic linear acting actuator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of pneumatic linear acting actuators, when their volume decreased by -21.1% to X units. Overall, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 173% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank dramatically in the following year.

In value terms, pneumatic linear acting actuator exports rose remarkably to $X in 2022. Over the period under review, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 156%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Brazil (X units) was the main destination for pneumatic linear acting actuator exports from Thailand, accounting for a 62% share of total exports. Moreover, pneumatic linear acting actuator exports to Brazil exceeded the volume sent to the second major destination, Japan (X units), sevenfold. The third position in this ranking was held by China (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to +166.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+12.9% per year) and China (+7.9% per year).

In value terms, Brazil ($X), Cambodia ($X) and the Philippines ($X) constituted the largest markets for pneumatic linear acting actuator exported from Thailand worldwide, together comprising 33% of total exports.

Brazil, with a CAGR of +115.3%, saw 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

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, picking up by 35% against the previous year. Overall, the export price, however, saw a mild reduction. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Thailand

In 2022, overseas purchases of pneumatic linear acting actuators decreased by -14.5% to X units, falling for the fourth year in a row after five years of growth. In general, imports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2018 with an increase of 34%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator imports totaled $X in 2022. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest pneumatic linear acting actuator supplier to Thailand, with a 31% share of total imports. Moreover, pneumatic linear acting actuator imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), twofold. The third position in this ranking was held by Germany (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+73.2% per year) and Germany (-8.0% per year).

In value terms, Japan ($X), China ($X) and Germany ($X) constituted the largest pneumatic linear acting actuator suppliers to Thailand, with a combined 61% share of total imports. The Czech Republic, Sweden, Italy and the United States lagged somewhat behind, together accounting for a further 26%.

The Czech Republic, with a CAGR of +79.2%, 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 pneumatic linear acting actuator import price stood at $X per unit in 2022, with an increase of 17% against the previous year. In general, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 39%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Japan ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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