Thailand: Poultry-Keeping Machinery Market 2024

Poultry-Keeping Machinery Market Size in Thailand

In 2022, the Thai poultry-keeping machinery market increased by 16% to $X, rising for the third year in a row after two years of decline. In general, consumption posted a strong increase. Poultry-keeping machinery consumption peaked in 2022 and is likely to see steady growth in the near future.

Poultry-Keeping Machinery Production in Thailand

In value terms, poultry-keeping machinery production fell sharply to $X in 2022 estimated in export price. In general, production, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2014 when the production volume decreased by -33.8% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Poultry-Keeping Machinery Exports

Exports from Thailand

In 2022, after four years of growth, there was significant decline in shipments abroad of poultry-keeping machinery, when their volume decreased by -55.9% to X units. Over the period under review, exports showed a perceptible curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 161%. The exports peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, poultry-keeping machinery exports dropped sharply to $X in 2022. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 160%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Vietnam (X units), Georgia (X units) and Cambodia (X units) were the main destinations of poultry-keeping machinery exports from Thailand, with a combined 88% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +29.8%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) emerged as the key foreign market for poultry-keeping machinery exports from Thailand, comprising 60% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 17% share of total exports. It was followed by the Philippines, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam stood at +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+12.0% per year) and the Philippines (-0.5% per year).

Export Prices by Country

In 2022, the average poultry-keeping machinery export price amounted to $X per unit, reducing by -29.3% against the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2017 an increase of 92%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Georgia ($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 Saudi Arabia (+62.7%), while the prices for the other major destinations experienced more modest paces of growth.

Poultry-Keeping Machinery Imports

Imports into Thailand

In 2022, overseas purchases of poultry-keeping machinery increased by 14% to X units, rising for the third year in a row after two years of decline. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 80% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, poultry-keeping machinery imports declined sharply to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 83%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X units) constituted the largest poultry-keeping machinery supplier to Thailand, accounting for a 81% share of total imports. Moreover, poultry-keeping machinery imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was taken by Spain (X units), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia stood at +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.0% per year) and Spain (+0.2% per year).

In value terms, Malaysia ($X) constituted the largest supplier of poultry-keeping machinery to Thailand, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 26% share of total imports. It was followed by Spain, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia stood at +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.6% per year) and Spain (+6.1% per year).

Import Prices by Country

In 2022, the average poultry-keeping machinery import price amounted to $X per unit, declining by -27.5% against the previous year. Overall, the import price faced a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 42%. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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