Thailand: Wood Milling Machine Market 2024

Wood Milling Machine Market Size in Thailand

In 2022, the Thai wood milling machine market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, recorded a mild curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wood Milling Machine Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of planing, milling or moulding machines, when their volume decreased by X% to X units. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then fell notably in the following year.

In value terms, wood milling machine exports contracted notably to $X in 2022. In general, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X units) was the main destination for wood milling machine exports from Thailand, with a X% share of total exports. Moreover, wood milling machine exports to Myanmar exceeded the volume sent to the second major destination, Japan (X units), threefold. Singapore (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Singapore (X% per year).

In value terms, the largest markets for wood milling machine exported from Thailand were Japan ($X), Singapore ($X) and Lao People's Democratic Republic ($X), together comprising X% of total exports. Switzerland, Malaysia, Taiwan (Chinese), Myanmar, Vietnam, India and Qatar lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Myanmar, with a CAGR of X%, 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 wood milling machine export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Qatar ($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 Vietnam (X%), while the prices for the other major destinations experienced a decline.

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Wood Milling Machine Imports

Imports into Thailand

In 2022, overseas purchases of planing, milling or moulding machines increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports enjoyed a perceptible increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, wood milling machine imports expanded sharply to $X in 2022. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest wood milling machine supplier to Thailand, accounting for a X% share of total imports. Moreover, wood milling machine imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of planing, milling or moulding machines to Thailand, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Import Prices by Country

The average wood milling machine import price stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the import price faced a deep contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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