Thailand: Vacuum Pump Market 2024

Vacuum Pump Market Size in Thailand

The Thai vacuum pump market expanded markedly to $X in 2022, growing by 9.7% against the previous year. In general, consumption, however, saw a perceptible setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vacuum Pump Production in Thailand

In value terms, vacuum pump production stood at $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of 8% 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.

Vacuum Pump Exports

Exports from Thailand

In 2022, overseas shipments of vacuum pumps decreased by -11.6% to X units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.1% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 59%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports fell significantly to $X in 2022. Overall, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 52%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Argentina (X units) was the main destination for vacuum pump exports from Thailand, with a 51% share of total exports. Moreover, vacuum pump exports to Argentina exceeded the volume sent to the second major destination, Japan (X units), fourfold. Brazil (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+35.3% per year) and Brazil (+64.9% per year).

In value terms, Argentina ($X) remains the key foreign market for vacuum pumps exports from Thailand, comprising 36% of total exports. The second position in the ranking was held by Japan ($X), with a 14% share of total exports. It was followed by Brazil, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+15.9% per year) and Brazil (+56.1% per year).

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, falling by -10.6% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Brazil ($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 Singapore (+30.7%), while the prices for the other major destinations experienced mixed trend patterns.

Vacuum Pump Imports

Imports into Thailand

In 2022, overseas purchases of vacuum pumps increased by 27% to X units, rising for the third consecutive year after seven years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 53%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, vacuum pump imports surged to $X in 2022. Overall, imports, however, continue to indicate a slight contraction. The pace of growth was the most pronounced in 2020 with an increase of 25%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of vacuum pump imports to Thailand, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of vacuum pumps to Thailand, comprising 39% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and the United States (+10.4% per year).

Import Prices by Country

The average vacuum pump import price stood at $X per unit in 2022, which is down by -7% against the previous year. Overall, the import price recorded a mild curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 5.2% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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