Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand - 2023
Contents:
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand (FOB) - 2022
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand (CIF) - 2022
- Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand
- Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand (FOB) - 2022
The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.4 per unit in 2022, picking up by 77% against the previous year. Overall, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($0.7 per unit), while the average price for exports to Myanmar ($0.1 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 the United States (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand (CIF) - 2022
In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $0.6 per unit, falling by -9.9% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for millstones, grindstones, grinding wheels and the like; of natural stones decreased by -14.4% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 51% against the previous year. The import price peaked at $0.8 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2.5 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand
In 2022, shipments abroad of millstones, grindstones, grinding wheels and the like; of natural stones decreased by -84% to 20M units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a sharp decrease. The pace of growth was the most pronounced in 2020 when exports increased by 21%. As a result, the exports reached the peak of 185M units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones declined significantly to $9.1M in 2022. In general, exports showed a sharp reduction. The pace of growth was the most pronounced in 2020 when exports increased by 6.6%. As a result, the exports reached the peak of $45M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 7.0 | 6.9 | 6.8 | 5.8 | -6.1% |
| Philippines | 0.6 | 1.1 | 0.9 | 0.8 | 10.1% |
| United States | 3.1 | 3.0 | 1.6 | 0.8 | -36.3% |
| Japan | 3.7 | 4.4 | 2.1 | 0.8 | -40.0% |
| Cambodia | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Bangladesh | 1.0 | 1.0 | 0.6 | 0.1 | -53.6% |
| South Korea | 3.8 | 3.6 | 2.4 | N/A | -20.5% |
| Peru | 1.1 | 1.2 | 1.5 | N/A | 16.8% |
| China | 1.1 | 1.7 | 1.2 | N/A | 4.4% |
| India | 8.2 | 5.7 | 4.2 | N/A | -28.4% |
| Indonesia | 2.8 | 2.6 | 1.4 | N/A | -29.3% |
| Mexico | 2.4 | 3.5 | 2.0 | N/A | -8.7% |
| Myanmar | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Others | 6.9 | 9.8 | 6.8 | 0.3 | -64.8% |
| Total | 42.0 | 44.7 | 32.0 | 9.1 | -39.9% |
Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Thailand in 2022:
- Singapore (12.1M units)
- Japan (2.0M units)
- Philippines (1.9M units)
- Cambodia (1.1M units)
- United States (1.1M units)
- Bangladesh (0.8M units)
- Myanmar (0.5M units)
- China (0.1M units)
Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand
In 2022, purchases abroad of millstones, grindstones, grinding wheels and the like; of natural stones decreased by -6.4% to 11M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of 12M units, and then contracted in the following year.
In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones dropped rapidly to $6.6M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. As a result, imports reached the peak of $7.9M, and then reduced notably in the following year.
| Import of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.1 | 3.4 | 4.6 | 3.9 | -1.7% |
| China | 0.8 | 0.8 | 1.2 | 0.9 | 4.0% |
| Italy | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Austria | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Portugal | N/A | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.9 | 1.9 | 1.7 | 23.6% |
| Total | 6.0 | 5.4 | 7.9 | 6.6 | 3.2% |
Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Thailand in 2022:
- China (7.6M units)
- Japan (2.3M units)
- Portugal (0.2M units)
- Austria (0.2M units)
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