Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand - 2024
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand (CIF) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand (FOB) - 2024
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand (CIF) - 2022
In 2022, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $63 per unit, with a decrease of -63.9% against the previous year. Over the period under review, the import price recorded a sharp decline. The most prominent rate of growth was recorded in 2017 an increase of 147%. Over the period under review, average import prices attained the maximum at $13,743 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($844 per unit), while the price for the Philippines ($35 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (+167.2%), while the prices for the other major suppliers experienced a decline.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand (FOB) - 2024
In February 2024, the average export price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $340 per unit, surging by 22% against the previous month. Overall, the export price continues to indicate a slight increase. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 150% month-to-month. As a result, the export price attained the peak level of $611 per unit. From November 2023 to February 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In February 2024, the country with the highest price was the Philippines ($448 per unit), while the average price for exports to France ($244 per unit) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand
For the fourth consecutive year, Thailand recorded growth in supplies from abroad of furnaces and ovens; industrial or laboratory induction or dielectrics, which increased by 117% to 101K units in 2022. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 118%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics surged to $17M in 2022. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 3.5 | 7.3 | 7.5 | 15.2% |
| United States | 0.2 | 0.2 | 0.2 | 4.1 | 173.7% |
| Germany | 1.2 | 1.3 | 0.4 | 3.3 | 40.1% |
| Philippines | N/A | N/A | N/A | 0.1 | 0% |
| Others | 4.8 | 2.1 | 0.6 | 2.3 | -21.7% |
| Total | 11.1 | 7.1 | 8.5 | 17.3 | 15.9% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Thailand in 2022:
- China (62.4K units)
- Germany (25.0K units)
- United States (6.3K units)
- Philippines (3.1K units)
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand
Exports of furnaces and ovens; industrial or laboratory induction or dielectrics from Thailand declined notably to 24K units in 2022, reducing by -41.4% against 2021 figures. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. As a result, the exports attained the peak of 42K units, and then declined markedly in the following year.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics shrank sharply to $7.5M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 58%. As a result, the exports reached the peak of $9.8M, and then shrank remarkably in the following year.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,932 | 1,588 | 4,369 | 2,080 | 2.5% |
| United Kingdom | 1,574 | 1,310 | 2,426 | 2,027 | 8.8% |
| Netherlands | 2,053 | 2,279 | 2,334 | 1,346 | -13.1% |
| Germany | 474 | 301 | 174 | 437 | -2.7% |
| Lao People's Democratic Republic | 39.6 | 45.3 | 52.7 | 256 | 86.3% |
| Philippines | 871 | 40.5 | 41.1 | 249 | -34.1% |
| Japan | 80.8 | 175 | 43.6 | 183 | 31.3% |
| France | 80.4 | 165 | 158 | 150 | 23.1% |
| South Africa | N/A | N/A | N/A | 83.3 | 0% |
| Myanmar | 43.7 | 48.9 | 29.1 | 41.4 | -1.8% |
| Others | 425 | 283 | 193 | 644 | 14.9% |
| Total | 7,574 | 6,235 | 9,821 | 7,497 | -0.3% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Thailand in 2022:
- Netherlands (6.7K units)
- United Kingdom (6.0K units)
- United States (5.3K units)
- Germany (1.4K units)
- Japan (1.0K units)
- Philippines (0.6K units)
- Myanmar (0.5K units)
- South Africa (0.5K units)
- France (0.5K units)
- Lao People's Democratic Republic (0.4K units)
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