Thailand: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Thailand

The Thai market for pulley tackle and hoists powered by an electric motor rose significantly to $X in 2022, growing by 7.1% against the previous year. Overall, consumption, however, saw a perceptible downturn. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Thailand

In value terms, production of pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2022 estimated in export price. In general, production saw strong growth. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Thailand

Exports of pulley tackle and hoists powered by an electric motor from Thailand skyrocketed to X units in 2022, growing by 76% on the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 99%. Over the period under review, the exports of attained the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor declined to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 148% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units) was the main destination for exports of pulley tackle and hoists powered by an electric motor from Thailand, with a 90% share of total exports. Moreover, exports of pulley tackle and hoists powered by an electric motor to Japan exceeded the volume sent to the second major destination, Argentina (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan stood at +89.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (0.0% per year) and India (-39.9% per year).

In value terms, Japan ($X) remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Thailand, comprising 92% of total exports. The second position in the ranking was held by Argentina ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan totaled +93.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (0.0% per year) and India (-48.4% per year).

Export Prices by Country

The average export price for pulley tackle and hoists powered by an electric motor stood at $X per unit in 2022, dropping by -46.5% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 an increase of 168% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 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 Japan ($X per unit), while the average price for exports to India ($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 Japan (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Thailand

In 2022, overseas purchases of pulley tackle and hoists powered by an electric motor decreased by -1.9% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 12%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of pulley tackle and hoists powered by an electric motor contracted slightly to $X in 2022. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest pulley tackle and hoists powered by an electric motor supplier to Thailand, with a 68% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-15.4% per year) and Japan (-24.1% per year).

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the largest pulley tackle and hoists powered by an electric motor suppliers to Thailand, together comprising 71% of total imports.

China, with a CAGR of +4.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, waning by -2.8% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pulley tackle and hoists powered by an electric motor increased by +99.2% against 2012 indices. The most prominent rate of growth was recorded in 2021 an increase of 29%. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($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 (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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