Thailand: Threshing Machinery Market 2024

Threshing Machinery Market Size in Thailand

The Thai threshing machinery market amounted to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Threshing Machinery Production in Thailand

In value terms, threshing machinery production fell modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2019 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Threshing Machinery Exports

Exports from Thailand

In 2022, the amount of threshing machinery except combine harvester-threshers exported from Thailand dropped markedly to X units, falling by -73.7% against the previous year. In general, exports showed a deep downturn. The growth pace was the most rapid in 2016 when exports increased by 185%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, threshing machinery exports declined sharply to $X in 2022. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 110%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X units) was the main destination for threshing machinery exports from Thailand, accounting for a 88% share of total exports. Moreover, threshing machinery exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Myanmar (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic amounted to -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+22.0% per year) and Kenya (0.0% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for threshing machinery except combine harvester-threshers exports from Thailand, comprising 87% of total exports. The second position in the ranking was held by Myanmar ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic totaled -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+22.0% per year) and Kenya (0.0% per year).

Export Prices by Country

In 2022, the average threshing machinery export price amounted to $X per unit, reducing by -3.6% against the previous year. Overall, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 87%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Myanmar ($X per unit), while the average price for exports to Kenya ($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 Myanmar (-5.8%), while the prices for the other major destinations experienced a decline.

Threshing Machinery Imports

Imports into Thailand

In 2022, supplies from abroad of threshing machinery except combine harvester-threshers increased by 75% to X units, rising for the third consecutive year after two years of decline. In general, imports posted a measured expansion. The pace of growth was the most pronounced in 2013 when imports increased by 77%. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, threshing machinery imports surged to $X in 2022. Overall, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 90%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of threshing machinery to Thailand, accounting for a 72% share of total imports. Moreover, threshing machinery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +63.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+45.0% per year) and Taiwan (Chinese) (+16.9% per year).

In value terms, China ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Thailand, comprising 58% of total imports. The second position in the ranking was held by Austria ($X), with a 16% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +43.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (0.0% per year) and Japan (+24.1% per year).

Import Prices by Country

In 2022, the average threshing machinery import price amounted to $X per unit, falling by -31.1% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by 42%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Austria ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-8.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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