Thailand: Screwdriver Market 2025

Screwdriver Market Size in Thailand

The Thai screwdriver market expanded to $X in 2021, rising by 3.9% against the previous year. Overall, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Screwdriver Production in Thailand

In value terms, screwdriver production surged to $X in 2021 estimated in export price. Overall, production posted a modest expansion. The growth pace was the most rapid in 2016 with an increase of 164% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Screwdriver Exports

Exports from Thailand

In 2021, overseas shipments of screwdrivers increased by 197% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, screwdriver exports surged to $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +41.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 69%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for screwdriver exports from Thailand, accounting for a 66% share of total exports. Moreover, screwdriver exports to China exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +114.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+2.5% per year) and Hong Kong SAR (+133.3% per year).

In value terms, the largest markets for screwdriver exported from Thailand were Japan ($X), China ($X) and Cambodia ($X), together comprising 88% of total exports. Lao People's Democratic Republic and Hong Kong SAR lagged somewhat behind, together comprising a further 3.6%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +108.9%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average screwdriver export price amounted to $X per ton, reducing by -52.6% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2018 an increase of 42% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Screwdriver Imports

Imports into Thailand

In 2021, screwdriver imports into Thailand contracted slightly to X tons, waning by -1.8% compared with 2020 figures. Overall, imports recorded a slight decline. The pace of growth was the most pronounced in 2020 when imports increased by 93% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, screwdriver imports stood at $X in 2021. Over the period under review, imports saw a mild shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 15% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of screwdriver to Thailand, with a 91% share of total imports. Moreover, screwdriver imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-5.0% per year) and Taiwan (Chinese) (-11.7% per year).

In value terms, China ($X) constituted the largest supplier of screwdrivers to Thailand, comprising 55% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.9% per year) and Taiwan (Chinese) (-8.2% per year).

Import Prices by Country

In 2021, the average screwdriver import price amounted to $X per ton, surging by 3.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 64%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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