Thailand - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in Thailand - 2023
Contents:
- Price for Balancing Mechanical Parts Machine in Thailand (CIF) - 2022
- Price for Balancing Mechanical Parts Machine in Thailand (FOB) - 2022
- Imports of Balancing Mechanical Parts Machine in Thailand
- Exports of Balancing Mechanical Parts Machine in Thailand
Price for Balancing Mechanical Parts Machine in Thailand (CIF) - 2022
The average balancing mechanical parts machine import price stood at $1,947 per unit in 2022, dropping by -25.8% against the previous year. Overall, the import price recorded a noticeable setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 15%. Over the period under review, average import prices attained the maximum at $4,333 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($7,376 per unit), while the price for China ($565 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balancing Mechanical Parts Machine in Thailand (FOB) - 2022
The average balancing mechanical parts machine export price stood at $206 per unit in 2022, dropping by -61.2% against the previous year. Overall, the export price faced a sharp contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 59%. The export price peaked at $9,389 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,499 per unit), while the average price for exports to Norway ($4.1 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 Hong Kong SAR (-10.2%), while the prices for the other major destinations experienced a decline.
Imports of Balancing Mechanical Parts Machine in Thailand
In 2022, the amount of machines for balancing mechanical parts imported into Thailand dropped to 8.8K units, which is down by -12.1% compared with the previous year's figure. Over the period under review, imports recorded a perceptible decline. The pace of growth was the most pronounced in 2021 with an increase of 1.6% against the previous year. Over the period under review, imports hit record highs at 10K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, balancing mechanical parts machine imports declined rapidly to $17M in 2022. Overall, imports continue to indicate a drastic downturn. The smallest decline of -6.5% was in 2021. Imports peaked at $31M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Balancing Mechanical Parts Machine in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.9 | 2.3 | 6.5 | 5.5 | 42.5% |
| China | 5.5 | 5.7 | 5.3 | 3.1 | -17.4% |
| Japan | 13.9 | 9.8 | 6.0 | 2.8 | -41.4% |
| Germany | 2.4 | 2.4 | 3.6 | 1.9 | -7.5% |
| Italy | 2.6 | 2.4 | 1.4 | 1.1 | -24.9% |
| Canada | N/A | N/A | N/A | 0.6 | 0% |
| Sweden | 0.3 | 0.2 | 0.2 | 0.6 | 26.0% |
| Others | 4.1 | 5.5 | 3.4 | 1.5 | -28.5% |
| Total | 30.7 | 28.2 | 26.4 | 17.2 | -17.6% |
Top Suppliers of Balancing Mechanical Parts Machine to Thailand in 2022:
- China (5.5K units)
- Japan (0.9K units)
- United States (0.8K units)
- Italy (0.4K units)
- Sweden (0.3K units)
- Germany (0.3K units)
- Canada (0.2K units)
Exports of Balancing Mechanical Parts Machine in Thailand
In 2022, approx. 37K units of machines for balancing mechanical parts were exported from Thailand; with an increase of 85% against the previous year. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 350% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, balancing mechanical parts machine exports fell markedly to $7.6M in 2022. Over the period under review, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of $11M, and then shrank sharply in the following year.
| Export of Balancing Mechanical Parts Machine in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 161 | 1,101 | 2,745 | 4,508 | 203.7% |
| Malaysia | 1,793 | 315 | 253 | 472 | -35.9% |
| Lao People's Democratic Republic | 45.0 | 196 | 32.1 | 99.2 | 30.1% |
| Norway | N/A | N/A | 102 | 93.3 | -8.5% |
| Singapore | 169 | 413 | 43.0 | 77.6 | -22.9% |
| Others | 7,659 | 5,229 | 7,384 | 2,339 | -32.7% |
| Total | 9,828 | 7,254 | 10,559 | 7,588 | -8.3% |
Top Export Markets for Balancing Mechanical Parts Machine from Thailand in 2022:
- Norway (22.7K units)
- Singapore (4.5K units)
- Malaysia (3.7K units)
- Hong Kong SAR (3.0K units)
- Lao People's Democratic Republic (1.8K units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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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