Thailand - Lifts And Hoists - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLift and Hoist Price in Thailand - 2023
Contents:
- Lift and Hoist Price in Thailand (FOB) - 2022
- Lift and Hoist Price in Thailand (CIF) - 2023
- Lift and Hoist Exports in Thailand
- Lift and Hoist Imports in Thailand
Lift and Hoist Price in Thailand (FOB) - 2022
In 2022, the average lift and hoist export price amounted to $16,557 per unit, falling by -16.2% against the previous year. Over the period under review, the export price saw a pronounced contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30%. Over the period under review, the average export prices reached the maximum at $23,165 per unit in 2015; however, from 2016 to 2022, the 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 Israel ($32,483 per unit), while the average price for exports to Solomon Islands ($75 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 Israel (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Lift and Hoist Price in Thailand (CIF) - 2023
The average lift and hoist import price stood at $8,414 per unit in September 2023, with a decrease of -14.4% against the previous month. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 85% m-o-m. Over the period under review, average import prices attained the peak figure at $25,824 per unit in May 2023; afterwards, it flattened through to September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($17,847 per unit), while the price for China ($7,246 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+3.8%), while the prices for the other major suppliers experienced a decline.
Lift and Hoist Exports in Thailand
In 2022, shipments abroad of lifts and hoists was finally on the rise to reach 9.9K units after two years of decline. Overall, exports, however, recorded a deep reduction. Over the period under review, the exports hit record highs at 15K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, lift and hoist exports declined to $164M in 2022. In general, exports, however, continue to indicate a abrupt descent. The exports peaked at $263M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Lift and Hoist in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 54.8 | 43.5 | 34.0 | 38.7 | -10.9% |
| Philippines | 25.4 | 20.9 | 14.6 | 16.5 | -13.4% |
| Singapore | 4.8 | 3.7 | 10.5 | 10.6 | 30.2% |
| Israel | 10.2 | 8.6 | 14.8 | 9.6 | -2.0% |
| India | 16.1 | 9.1 | 7.2 | 8.9 | -17.9% |
| Malaysia | 23.1 | 20.7 | 14.1 | 8.8 | -27.5% |
| Saudi Arabia | 8.3 | 14.3 | 6.5 | 8.1 | -0.8% |
| Egypt | 7.5 | 7.3 | 11.6 | 7.8 | 1.3% |
| Chile | 7.9 | 5.3 | 3.7 | 6.4 | -6.8% |
| United Arab Emirates | 20.7 | 15.0 | 11.1 | 6.1 | -33.5% |
| Indonesia | 6.1 | 5.6 | 6.4 | 6.0 | -0.5% |
| Lao People's Democratic Republic | 1.0 | 1.6 | 0.7 | 1.5 | 14.5% |
| Solomon Islands | N/A | N/A | N/A | N/A | 0% |
| Others | 77.5 | 53.1 | 48.4 | 35.1 | -23.2% |
| Total | 263 | 209 | 184 | 164 | -14.6% |
Top Export Markets for Lift and Hoist from Thailand in 2022:
- Vietnam (1801.0 units)
- Philippines (1130.0 units)
- Malaysia (853.0 units)
- Chile (599.0 units)
- Solomon Islands (523.0 units)
- Egypt (499.0 units)
- India (449.0 units)
- United Arab Emirates (353.0 units)
- Indonesia (352.0 units)
- Saudi Arabia (349.0 units)
- Singapore (342.0 units)
- Israel (297.0 units)
- Lao People's Democratic Republic (225.0 units)
Lift and Hoist Imports in Thailand
In 2022, approx. 10K units of lifts and hoists were imported into Thailand; picking up by 63% against 2021. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, lift and hoist imports expanded rapidly to $67M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 8.9% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Lift and Hoist in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.2 | 45.2 | 46.6 | 48.6 | 8.4% |
| Japan | 3.1 | 3.9 | 3.7 | 6.0 | 24.6% |
| South Korea | 6.9 | 1.6 | 6.6 | 4.6 | -12.6% |
| Sweden | 3.3 | 3.0 | 5.0 | 4.0 | 6.6% |
| Others | 3.4 | 4.9 | 1.9 | 4.1 | 6.4% |
| Total | 55.0 | 58.5 | 63.8 | 67.2 | 6.9% |
Top Suppliers of Lift and Hoist to Thailand in 2022:
- China (8.9K units)
- Japan (0.6K units)
- Sweden (0.2K units)
- South Korea (0.1K units)
This report provides an in-depth analysis of the lift and hoist 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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