Thailand: Wood Slicing Machine Market 2024

Wood Slicing Machine Market Size in Thailand

The Thai wood slicing machine market skyrocketed to $X in 2021, increasing by 1,253% 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). Over the period under review, consumption posted a strong increase. Wood slicing machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Wood Slicing Machine Exports

Exports from Thailand

Wood slicing machine exports from Thailand reduced sharply to X units in 2021, shrinking by -50% compared with 2020 figures. In general, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,052%. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, wood slicing machine exports contracted notably to $X in 2021. Over the period under review, exports, however, continue to indicate tangible growth. The growth pace was the most rapid in 2020 when exports increased by 534% against the previous year. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Japan (X units), Cambodia (X units) and Lao People's Democratic Republic (X units) were the main destinations of wood slicing machine exports from Thailand, with a combined 79% share of total exports. Myanmar, Malaysia and the Czech Republic lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +358.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Cambodia ($X) and the Czech Republic ($X) constituted the largest markets for wood slicing machine exported from Thailand worldwide, together comprising 72% of total exports.

Among the main countries of destination, Japan, with a CAGR of +107.0%, recorded the highest growth rate of 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 wood slicing machine export price amounted to $X per unit, with a decrease of -43.4% against the previous year. Overall, the export price saw a abrupt contraction. The growth pace was the most rapid in 2014 when the average export price increased by 155%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 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 the Czech Republic ($X per unit), while the average price for exports to Myanmar ($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 Cambodia (-11.9%), while the prices for the other major destinations experienced a decline.

Wood Slicing Machine Imports

Imports into Thailand

In 2021, imports of splitting, slicing or paring machines into Thailand surged to X units, increasing by 144% against the previous year's figure. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 163% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood slicing machine imports soared to $X in 2021. In general, imports posted a noticeable increase. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main wood slicing machine supplier to Thailand, accounting for a 95% share of total imports. It was followed by Singapore (X units), with a 2.2% share of total imports. Germany (X units) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +30.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+35.1% per year) and Germany (0.0% per year).

In value terms, China ($X) constituted the largest supplier of splitting, slicing or paring machines to Thailand, comprising 82% of total imports. The second position in the ranking was held by Germany ($X), with a 2.1% share of total imports. It was followed by Singapore, with a 1% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and Singapore (+5.3% per year).

Import Prices by Country

The average wood slicing machine import price stood at $X per unit in 2021, with a decrease of -10.5% against the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 5.5% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Singapore ($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 (+11.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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