Thailand: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in Thailand

In 2022, the Thai scrapers excavator market increased by 1% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Scrapers Excavator Production in Thailand

In value terms, scrapers excavator production fell to $X in 2022 estimated in export price. Over the period under review, production faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 21% 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.

Scrapers Excavator Exports

Exports from Thailand

In 2022, exports of scrapers earth moving, excavating, extracting machinery (not self-propelled) from Thailand skyrocketed to X units, jumping by 32% compared with 2021 figures. Over the period under review, exports, however, saw a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of 194%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, scrapers excavator exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 737% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X units), Singapore (X units) and Myanmar (X units) were the main destinations of scrapers excavator exports from Thailand, together comprising 90% 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 the Philippines (with a CAGR of +37.9%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for scrapers excavator exported from Thailand were Singapore ($X), the Philippines ($X) and Myanmar ($X), with a combined 84% share of total exports.

Among the main countries of destination, Singapore, with a CAGR of +49.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average scrapers excavator export price stood at $X per unit in 2022, surging by 14% against the previous year. Over the period under review, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 184% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average 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 ($X per unit), while the average price for exports to Lao People's Democratic Republic ($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 China (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Scrapers Excavator Imports

Imports into Thailand

In 2022, scrapers excavator imports into Thailand surged to X units, rising by 812% compared with 2021 figures. Over the period under review, imports saw a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, scrapers excavator imports soared to $X in 2022. Overall, imports, however, continue to indicate a noticeable curtailment. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest scrapers excavator supplier to Thailand, with a 75% share of total imports. Moreover, scrapers excavator imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the United States (X units), eightfold. The third position in this ranking was held by China (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +64.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.6% per year) and China (+11.4% per year).

In value terms, the United Arab Emirates ($X), China ($X) and the United States ($X) were the largest scrapers excavator suppliers to Thailand, together comprising 86% of total imports. Japan, the UK and Germany lagged somewhat behind, together accounting for a further 9%.

The UK, with a CAGR of +42.1%, recorded the highest rates of growth with regard to the value of imports, among 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 scrapers excavator import price amounted to $X per unit, reducing by -67.7% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2016 an increase of 62% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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