Thailand: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Thailand

The Thai metal threading machine market declined markedly to $X in 2021, with a decrease of -91.3% against the previous year. Overall, consumption recorded a dramatic contraction. Metal threading machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Threading Machine Production in Thailand

In value terms, metal threading machine production fell to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +70.1% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of 43%. Metal threading machine production peaked at $X in 2020, and then dropped in the following year.

Metal Threading Machine Exports

Exports from Thailand

In 2021, after three years of decline, there was significant growth in shipments abroad of threading or tapping machines for working metal, when their volume increased by 31% to X units. Over the period under review, exports, however, saw a perceptible decline. The growth pace was the most rapid in 2015 with an increase of 75%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, metal threading machine exports shrank to $X in 2021. Overall, exports, however, recorded a noticeable descent. The growth pace was the most rapid in 2013 when exports increased by 22% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

India (X units), Germany (X units) and China (X units) were the main destinations of metal threading machine exports from Thailand, with a combined 38% share of total exports. These countries were followed by the United States, the United Arab Emirates, Japan, Taiwan (Chinese), Hungary, Russia, Egypt, the Philippines, Bangladesh and Saudi Arabia, which together accounted for a further 51%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +68.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and the United States ($X) were the largest markets for metal threading machine exported from Thailand worldwide, with a combined 51% share of total exports. These countries were followed by India, Taiwan (Chinese), the United Arab Emirates, China, Saudi Arabia, Hungary, Russia, the Philippines, Egypt and Bangladesh, which together accounted for a further 37%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +59.1%, saw 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

The average metal threading machine export price stood at $X per unit in 2021, which is down by -25% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 149% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020, and then fell significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to China ($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 Germany (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Threading Machine Imports

Imports into Thailand

After two years of decline, purchases abroad of threading or tapping machines for working metal increased by 24% to X units in 2021. Overall, imports, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2017 with an increase of 25%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal threading machine imports dropped dramatically to $X in 2021. Over the period under review, imports, however, continue to indicate a sharp curtailment. The growth pace was the most rapid in 2018 when imports increased by 29%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest metal threading machine supplier to Thailand, with a 56% share of total imports. Moreover, metal threading machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Japan (X units) ranked third in terms of total imports with a 14% share.

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: Taiwan (Chinese) (-23.4% per year) and Japan (-44.2% per year).

In value terms, the largest metal threading machine suppliers to Thailand were Japan ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 87% of total imports.

Among the main suppliers, China, with a CAGR of -5.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average metal threading machine import price stood at $X per unit in 2021, falling by -33.7% against the previous year. In general, the import price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2020 an increase of 132% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined dramatically in the following year.

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 ($X per unit), while the price for China ($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 (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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