Report Update: Apr 1, 2024

Thailand - Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels - Market Analysis, Forecast, Size, Trends And Insights

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Price for Grease Fittings and Oil Seals in Thailand - 2023

Price for Grease Fittings and Oil Seals in Thailand (FOB) - 2023

In September 2023, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $6.1 per unit, declining by -34.9% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 21% month-to-month. Over the period under review, the average export prices reached the peak figure at $9.3 per unit in August 2023, and then contracted notably in the following month.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was the Philippines ($11.8 per unit), while the average price for exports to Lao People's Democratic Republic ($707 per thousand units) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Grease Fittings and Oil Seals in Thailand (CIF) - 2022

The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $7.4 per unit in 2022, declining by -2.1% against the previous year. Over the period under review, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $10 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 Germany ($17 per unit), while the price for China ($3.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Grease Fittings and Oil Seals in Thailand

After three years of growth, shipments abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -4.2% to 6.5M units in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of 6.7M units, and then fell slightly in the following year.

In value terms, grease fittings and oil seals exports fell to $33M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of $34M, and then shrank slightly in the following year.

Export of Grease Fittings and Oil Seals in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	4.3	4.9	6.1	8.9	27.4%
Japan	9.6	6.5	7.8	6.2	-13.6%
Singapore	3.3	2.8	2.0	2.2	-12.6%
Philippines	1.6	1.2	2.0	2.0	7.7%
Indonesia	2.2	1.4	2.0	1.9	-4.8%
China	1.5	1.4	2.5	1.7	4.3%
Malaysia	1.1	1.1	1.2	1.6	13.3%
India	1.5	1.4	1.9	1.3	-4.7%
Brazil	1.4	0.9	1.1	0.9	-13.7%
Vietnam	0.9	0.8	1.5	0.9	0.0%
Argentina	0.9	0.8	1.2	0.9	0.0%
Italy	0.6	0.7	0.7	0.3	-20.6%
Others	3.2	3.3	4.0	4.1	8.6%
Total	32.2	27.2	34.0	32.9	0.7%

Top Export Markets for Grease Fittings and Oil Seals from Thailand in 2022:

United States (1961.0K units)
Japan (1756.3K units)
China (696.1K units)
Malaysia (511.1K units)
Indonesia (225.3K units)
Philippines (169.6K units)
Brazil (139.9K units)
Argentina (130.6K units)
Singapore (127.6K units)
India (80.1K units)
Vietnam (62.8K units)
Italy (62.7K units)

Imports of Grease Fittings and Oil Seals in Thailand

In 2022, supplies from abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -2.6% to 3.4M units, falling for the second year in a row after two years of growth. In general, imports saw a noticeable decline. The growth pace was the most rapid in 2020 when imports increased by 2.6%. As a result, imports attained the peak of 3.8M units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, grease fittings and oil seals imports shrank slightly to $26M in 2022. Over the period under review, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2020 with an increase of 0.2%. As a result, imports reached the peak of $29M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Grease Fittings and Oil Seals in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	12.3	12.7	15.4	13.7	3.7%
Singapore	2.6	1.8	2.0	2.3	-4.0%
China	2.5	4.2	1.9	1.9	-8.7%
South Korea	0.9	0.8	0.9	1.7	23.6%
Italy	1.1	0.9	1.2	1.3	5.7%
Vietnam	0.7	0.6	0.8	0.9	8.7%
Indonesia	0.6	0.5	0.6	0.7	5.3%
Others	8.5	7.7	4.0	3.2	-27.8%
Total	29.2	29.3	26.9	25.7	-4.2%

Top Suppliers of Grease Fittings and Oil Seals to Thailand in 2022:

Japan (1443.1K units)
China (576.2K units)
Singapore (297.7K units)
South Korea (247.8K units)
Vietnam (218.2K units)
Italy (184.3K units)
Indonesia (112.9K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for grease fittings and oil seals 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 28298400 - Non-automatic lubricating pots, greasing nipples, oil seal rings, hand wheels, levers, hand grips, safety guards and baseplates for machinery

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