Thailand: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in Thailand

In 2021, the Thai stone sawing machine market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.5% against 2017 indices. Stone sawing machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Stone Sawing Machine Production in Thailand

In value terms, stone sawing machine production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -34.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 45%. Stone sawing machine production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Stone Sawing Machine Exports

Exports from Thailand

Stone sawing machine exports from Thailand soared to X units in 2021, rising by 61% against 2020 figures. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,720%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, stone sawing machine exports expanded rapidly to $X in 2021. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,177%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Japan (X units) was the main destination for stone sawing machine exports from Thailand, accounting for a 75% share of total exports. Moreover, stone sawing machine exports to Japan exceeded the volume sent to the second major destination, Singapore (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +92.5%.

In value terms, Japan ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from Thailand, comprising 83% of total exports. The second position in the ranking was taken by Singapore ($X), with an 11% share of total exports. It was followed by Lao People's Democratic Republic, with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +110.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+97.1% per year) and Lao People's Democratic Republic (-45.2% per year).

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, with a decrease of -29.8% against the previous year. In general, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2014 an increase of 134%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to Singapore ($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 Japan (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into Thailand

In 2021, supplies from abroad of sawing machines for working stone, ceramics and concrete increased by 35% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 126%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, stone sawing machine imports shrank notably to $X in 2021. In general, imports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 145%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of stone sawing machine to Thailand, accounting for a 58% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.9% per year) and Taiwan (Chinese) (+56.1% per year).

In value terms, China ($X) constituted the largest supplier of sawing machines for working stone, ceramics and concrete to Thailand, comprising 56% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.7% per year) and Taiwan (Chinese) (+30.9% per year).

Import Prices by Country

In 2021, the average stone sawing machine import price amounted to $X per unit, which is down by -41.4% against the previous year. In general, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 16%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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