Report Update: Apr 1, 2024

Thailand - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Mechanical Shovel and Excavator in Thailand - 2023

Price for Mechanical Shovel and Excavator in Thailand (CIF) - 2023

In July 2023, the average mechanical shovel and excavator import price amounted to $22,167 per unit, falling by -11.2% against the previous month. Over the period under review, import price indicated a noticeable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, mechanical shovel and excavator import price decreased by -18.9% against May 2023 indices. The pace of growth was the most pronounced in November 2022 an increase of 77% against the previous month. The import price peaked at $27,321 per unit in May 2023; afterwards, it flattened through to July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Indonesia ($73,067 per unit), while the price for Japan ($17,749 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced a decline.

Price for Mechanical Shovel and Excavator in Thailand (FOB) - 2022

In 2022, the average mechanical shovel and excavator export price amounted to $74,996 per unit, with a decrease of -20.8% against the previous year. Overall, the export price, however, continues to indicate notable growth. The pace of growth was the most pronounced in 2016 an increase of 651%. Over the period under review, the average export prices reached the peak figure at $95,342 per unit in 2020; however, from 2021 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 Singapore ($154,809 per unit), while the average price for exports to Pakistan ($1,416 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 Singapore (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovel and Excavator in Thailand

Mechanical shovel and excavator imports into Thailand soared to 36K units in 2022, growing by 105% on the previous year. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator imports shrank to $573M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. Imports peaked at $610M in 2021, and then declined in the following year.

Import of Mechanical Shovel and Excavator in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	123	225	297	303	35.1%
Japan	133	151	205	178	10.2%
Indonesia	39.0	50.9	53.4	44.1	4.2%
South Korea	22.6	24.4	29.3	22.8	0.3%
India	1.9	2.6	4.5	7.4	57.3%
Others	26.4	21.3	20.9	16.8	-14.0%
Total	346	475	610	573	18.3%

Top Suppliers of Mechanical Shovel and Excavator to Thailand in 2022:

Japan (9.6K units)
China (7.8K units)
Indonesia (0.5K units)
India (0.5K units)
South Korea (0.5K units)

Exports of Mechanical Shovel and Excavator in Thailand

In 2022, approx. 9.5K units of mechanical shovels, excavators and shovel loaders were exported from Thailand; increasing by 66% compared with 2021 figures. In general, exports, however, showed a slight decline. The most prominent rate of growth was recorded in 2021 when exports increased by 103%. The exports peaked at 10K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports skyrocketed to $709M in 2022. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Mechanical Shovel and Excavator in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	134	50.5	176	198	13.9%
United States	58.0	21.9	32.2	119	27.1%
Australia	29.4	17.1	41.4	52.2	21.1%
Philippines	36.0	12.3	37.1	49.8	11.4%
Malaysia	16.3	16.0	39.7	41.9	37.0%
Peru	13.9	3.4	19.6	29.1	27.9%
Vietnam	3.7	8.0	13.8	24.6	88.0%
Lao People's Democratic Republic	10.1	14.7	16.1	20.5	26.6%
Canada	16.1	8.4	14.9	17.5	2.8%
Cambodia	40.4	32.8	37.5	14.0	-29.8%
United Kingdom	N/A	0.8	1.1	13.4	309.3%
Myanmar	5.0	14.2	4.3	3.9	-7.9%
Pakistan	N/A	0.2	0.3	0.4	41.4%
Others	91.8	67.9	107	125	10.8%
Total	455	268	541	709	15.9%

Top Export Markets for Mechanical Shovel and Excavator from Thailand in 2022:

Indonesia (2883.0 units)
United States (1038.0 units)
Cambodia (882.0 units)
Philippines (636.0 units)
Malaysia (636.0 units)
Lao People's Democratic Republic (567.0 units)
Australia (514.0 units)
Vietnam (304.0 units)
Myanmar (272.0 units)
Pakistan (267.0 units)
United Kingdom (194.0 units)
Peru (87.0 units)
Canada (35.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
Prodcom 28922600 - Self-propelled bulldozers... with a .360
Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.

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