Report Update: May 1, 2024

Thailand - Insulating Fittings For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights

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Insulating Fittings Price in Thailand - 2023

Insulating Fittings Price in Thailand (FOB) - 2022

The average insulating fittings export price stood at $2,161 per ton in 2022, picking up by 44% against the previous year. Overall, the export price enjoyed a moderate increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 129%. As a result, the export price reached the peak level of $3,003 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($2,337 per ton) and Indonesia ($2,263 per ton), while the average price for exports to Saudi Arabia ($1,852 per ton) and Egypt ($1,952 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Insulating Fittings Price in Thailand (CIF) - 2022

In 2022, the average insulating fittings import price amounted to $6,566 per ton, reducing by -26.3% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 179% against the previous year. The import price peaked at $20,798 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Japan ($26,555 per ton), while the price for South Korea ($1,338 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.2%), while the prices for the other major suppliers experienced a decline.

Insulating Fittings Exports in Thailand

In 2022, insulating fittings exports from Thailand skyrocketed to 32K tons, picking up by 16% compared with the previous year. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 127% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, insulating fittings exports soared to $69M in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Insulating Fittings in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	13.7	12.4	12.5	23.1	19.0%
Saudi Arabia	8.5	11.7	10.0	15.8	23.0%
United States	0.4	1.4	3.2	14.1	227.9%
Philippines	7.8	4.5	8.9	8.2	1.7%
South Korea	0.7	1.0	1.9	2.6	54.9%
Egypt	0.3	0.7	0.8	1.7	78.3%
Indonesia	2.4	1.0	1.0	1.0	-25.3%
Others	2.7	2.2	2.8	2.5	-2.5%
Total	36.6	34.8	41.2	69.0	23.5%

Top Export Markets for Insulating Fittings from Thailand in 2022:

Japan (9.9K tons)
Saudi Arabia (8.6K tons)
United States (6.8K tons)
Philippines (3.9K tons)
South Korea (1.2K tons)
Egypt (0.9K tons)
Indonesia (0.4K tons)

Insulating Fittings Imports in Thailand

For the fourth year in a row, Thailand recorded growth in overseas purchases of insulating fittings for electrical purposes, which increased by 21% to 2.8K tons in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 210%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, insulating fittings imports reduced to $18M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year.

Import of Insulating Fittings in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	4.0	5.7	6.3	6.2	15.7%
China	3.6	4.5	6.0	5.2	13.0%
Vietnam	N/A	1.7	2.1	2.5	21.3%
Turkey	N/A	0.2	0.3	0.7	87.1%
United States	1.5	2.9	1.4	0.7	-22.4%
Italy	0.3	0.5	0.6	0.6	26.0%
Germany	0.4	0.9	1.0	0.6	14.5%
South Korea	0.4	0.1	0.3	0.1	-37.0%
Others	3.0	2.7	2.7	1.8	-15.7%
Total	13.2	19.2	20.7	18.5	11.9%

Top Suppliers of Insulating Fittings to Thailand in 2022:

China (1473.6 tons)
Italy (298.0 tons)
Turkey (286.0 tons)
Japan (233.1 tons)
Vietnam (230.2 tons)
South Korea (61.4 tons)
Germany (53.8 tons)
United States (52.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the insulating fittings 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 27901280 - Insulating fittings for electrical purposes, of materials other than ceramics or plastics, electrical conduit tubing and joints therefor, of base metal lined with insulating material

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