Thailand: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Thailand

In 2021, the Thai walking-sticks and whips market increased by 9.8% to $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Walking-Sticks And Whips Production in Thailand

In value terms, walking-sticks and whips production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 98% against the previous year. Walking-sticks and whips production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Walking-Sticks And Whips Exports

Exports from Thailand

In 2021, approx. X kg of walking-sticks, seat-sticks, whips and riding-crops were exported from Thailand; which is down by -88% on the previous year. In general, exports faced a dramatic slump. The pace of growth appeared the most rapid in 2014 with an increase of 168% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, walking-sticks and whips exports rose markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 410%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X kg) was the main destination for walking-sticks and whips exports from Thailand, with a 93% share of total exports. Moreover, walking-sticks and whips exports to Qatar exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Qatar amounted to -29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-4.6% per year) and Cambodia (-24.7% per year).

In value terms, Qatar ($X) remains the key foreign market for walking-sticks and whips exports from Thailand, comprising 99% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar totaled +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+5.7% per year) and Cambodia (-14.2% per year).

Export Prices by Country

The average walking-sticks and whips export price stood at $X per ton in 2021, increasing by 806% against the previous year. In general, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while the average price for exports to Cambodia ($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 Qatar (+88.4%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Thailand

Walking-sticks and whips imports into Thailand skyrocketed to X tons in 2021, surging by 22% on the previous year's figure. Over the period under review, imports saw buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 118% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, walking-sticks and whips imports shrank to $X in 2021. In general, imports posted a notable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 41%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of walking-sticks and whips to Thailand, with a 94% share of total imports. Moreover, walking-sticks and whips imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +15.1%.

In value terms, China ($X) constituted the largest supplier of walking-sticks and whips to Thailand, comprising 89% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 8.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +5.0%.

Import Prices by Country

In 2021, the average walking-sticks and whips import price amounted to $X per ton, with a decrease of -25% against the previous year. Overall, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2019 an increase of 48% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($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 Taiwan (Chinese) (-1.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :