Report Update Nov 1, 2024

Thailand - Tools of Wood - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Wood Tool Market 2024

Wood Tool Market Size in Thailand

In 2021, the Thai wood tool market increased by 67% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a mild shrinkage. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Wood Tool Exports

Exports from Thailand

In 2021, shipments abroad of tools of wood decreased by -34.5% to X tons, falling for the second consecutive year after three years of growth. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when exports increased by 101%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, wood tool exports skyrocketed to $X in 2021. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2018 when exports increased by 45%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for wood tool exports from Thailand, accounting for a 65% share of total exports. Moreover, wood tool exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), eightfold. The third position in this ranking was held by Japan (X kg), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+55.8% per year) and Japan (+8.6% per year).

In value terms, the United States ($X) remains the key foreign market for tools of wood exports from Thailand, comprising 88% of total exports. The second position in the ranking was taken by Japan ($X), with a 6% share of total exports. It was followed by Malaysia, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+3.3% per year) and Malaysia (+4.4% per year).

Export Prices by Country

In 2021, the average wood tool export price amounted to $X per ton, picking up by 76% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($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 the United States (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Wood Tool Imports

Imports into Thailand

In 2021, purchases abroad of tools of wood increased by 45% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, wood tool imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a drastic downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest wood tool supplier to Thailand, accounting for a 87% share of total imports. Moreover, wood tool imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.6%.

In value terms, China ($X) constituted the largest supplier of tools of wood to Thailand, comprising 64% of total imports. The second position in the ranking was held by Lithuania ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -6.6%.

Import Prices by Country

In 2021, the average wood tool import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Lithuania ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+9.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tools of wood in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 33% share of global consumption. These countries were followed by Italy, Russia, South Africa, Brazil, Japan, Indonesia, France, Mexico, Pakistan and Germany, which together accounted for a further 40%.

What are the largest producers of tools of wood in the world?

China remains the largest wood tool producing country worldwide, comprising approx. 29% of total volume. Moreover, wood tool production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 7.5% share.

What are the leading suppliers of tools of wood to Thailand?

In value terms, China constituted the largest supplier of wood tool to Thailand, comprising 64% of total imports. The second position in the ranking was occupied by Lithuania, with a 22% share of total imports.

What are the leading importers of tools of wood from Thailand?

In value terms, the United States remains the key foreign market for wood tool exports from Thailand, comprising 88% of total exports. The second position in the ranking was occupied by Japan, with a 6% share of total exports. It was followed by Australia, with a 1% share.

What is the average export price for tools of wood in Thailand?

In 2021, the average wood tool export price amounted to $17,914 per ton, rising by 14% against the previous year.

What is the average import price for tools of wood in Thailand?

The average wood tool import price stood at $1,695 per ton in 2021, waning by -20.5% against the previous year.

This report provides an in-depth analysis of the wood tool market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 16291130 - Tools, tool bodies and handles and broom or brush bodies and handles of wood, boot and shoe lasts and trees of wood

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023