Thailand: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2025

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Thailand

The Thai stainless steel household articles market fell to $X in 2022, reducing by -12.7% against the previous year. Overall, consumption, however, recorded a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Thailand

In value terms, stainless steel household articles production declined to $X in 2022 estimated in export price. In general, production showed a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 59%. Stainless steel household articles production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of table, kitchen or household articles and parts of stainless steel, when their volume decreased by -30.4% to X units. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, stainless steel household articles exports contracted notably to $X in 2022. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for stainless steel household articles exports from Thailand, with a 28% share of total exports. Moreover, stainless steel household articles exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold. The third position in this ranking was held by China (X units), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+1.2% per year) and China (-11.2% per year).

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles and parts of stainless steel exports from Thailand, comprising 29% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports. It was followed by Italy, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+1.3% per year) and Italy (+3.2% per year).

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, rising by 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2019 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Myanmar ($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 Italy (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Thailand

In value terms, stainless steel household articles imports declined sharply to $X in 2022. Overall, imports, however, saw strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 71%. Over the period under review, imports hit record highs at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) was the main stainless steel household articles supplier to Thailand, with a approx. 97% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +14.4%.

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of stainless steel to Thailand.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.6%.

Import Prices by Country

In 2022, the average stainless steel household articles import price amounted to $X per unit, declining by -24.2% against the previous year. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 39%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -5.9% per year.

Source: IndexBox Platform

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