Thailand: Market for Process Control, Gate, Globe and Other Valves 2025

Market Size for Process Control, Gate, Globe and Other Valves in Thailand

The Thai market for process control, gate, globe and other valves reached $X in 2022, rising by 13% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +18.9% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Process Control, Gate, Globe and Other Valves in Thailand

In value terms, production of process control, gate, globe and other valves shrank to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +12.3% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 50%. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.

Exports of Process Control, Gate, Globe and Other Valves

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of process control, gate, globe and other valves, when their volume decreased by -6.5% to X tons. Over the period under review, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 58% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then declined in the following year.

In value terms, exports of process control, gate, globe and other valves fell slightly to $X in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Germany (X tons) was the main destination for exports of process control, gate, globe and other valves from Thailand, accounting for a 27% share of total exports. Moreover, exports of process control, gate, globe and other valves to Germany exceeded the volume sent to the second major destination, Japan (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-0.8% per year) and the United States (+3.7% per year).

In value terms, Germany ($X) remains the key foreign market for process control, gate, globe and other valves exports from Thailand, comprising 24% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Japan, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.7% per year) and Japan (-0.7% per year).

Export Prices by Country

In 2022, the average export price for process control, gate, globe and other valves amounted to $X per ton, rising by 4.3% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to South Korea ($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 the United States (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Process Control, Gate, Globe and Other Valves

Imports into Thailand

In 2022, approx. X tons of process control, gate, globe and other valves were imported into Thailand; growing by 3.5% compared with 2021. In general, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.9% 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 +194.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 132%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of process control, gate, globe and other valves soared to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +60.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of process control, gate, globe and other valves to Thailand, with a 53% share of total imports. Moreover, imports of process control, gate, globe and other valves from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was taken by Japan (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+22.4% per year) and Japan (-4.5% per year).

In value terms, China ($X), Japan ($X) and India ($X) were the largest process control, gate, globe and other valves suppliers to Thailand, with a combined 52% share of total imports. These countries were followed by the United States, Italy, Vietnam, Germany, Indonesia, South Korea and Taiwan (Chinese), which together accounted for a further 36%.

Vietnam, with a CAGR of +61.8%, recorded 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

In 2022, the average import price for process control, gate, globe and other valves amounted to $X per ton, growing by 18% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 121%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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