Thailand: Metal Sawing Machine Market 2024

Metal Sawing Machine Market Size in Thailand

The Thai metal sawing machine market expanded notably to $X in 2021, increasing by 7.9% against 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, however, showed a perceptible downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Sawing Machine Exports

Exports from Thailand

In 2021, the amount of sawing or cutting-off machines for working metal exported from Thailand rose notably to X units, with an increase of 15% on the year before. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 228% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal sawing machine exports dropped markedly to $X in 2021. In general, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 235% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units), Vietnam (X units) and Japan (X units) were the main destinations of metal sawing machine exports from Thailand, together accounting for 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +28.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for metal sawing machine exported from Thailand were Indonesia ($X), Vietnam ($X) and Japan ($X), with a combined 69% share of total exports.

Indonesia, with a CAGR of +28.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal sawing machine export price stood at $X per unit in 2021, dropping by -38.4% against the previous year. Overall, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 21% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to Brazil ($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 Taiwan (Chinese) (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Sawing Machine Imports

Imports into Thailand

Metal sawing machine imports into Thailand rose markedly to X units in 2021, growing by 9.2% on the previous year's figure. Overall, imports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 37% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal sawing machine imports amounted to $X in 2021. Over the period under review, imports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 52% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest metal sawing machine supplier to Thailand, with a 72% share of total imports. Moreover, metal sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by Japan (X units), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-10.3% per year) and Japan (-23.8% per year).

In value terms, the largest metal sawing machine suppliers to Thailand were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 82% share of total imports. South Korea, Turkey, the UK, Germany and the United States lagged somewhat behind, together comprising a further 13%.

The UK, with a CAGR of +23.4%, 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

The average metal sawing machine import price stood at $X per unit in 2021, reducing by -1.8% against the previous year. In general, the import price showed a noticeable contraction. The growth pace was the most rapid in 2015 when the average import price increased by 27%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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