Price for Tools, Hand; Other than Household Tools in Thailand - 2024
Contents:
- Price for Tools, Hand; Other than Household Tools in Thailand (CIF) - 2024
- Price for Tools, Hand; Other than Household Tools in Thailand (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in Thailand
- Exports of Tools, Hand; Other than Household Tools in Thailand
Price for Tools, Hand; Other than Household Tools in Thailand (CIF) - 2024
The average import price for tools, hand; other than household toolses stood at $7,336 per ton in November 2023, waning by -20.2% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 39% month-to-month. The import price peaked at $9,261 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($27,541 per ton), while the price for China ($4,743 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tools, Hand; Other than Household Tools in Thailand (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $14,484 per ton, with an increase of 16% against the previous year. Overall, the export price, however, showed a slight setback. The most prominent rate of growth was recorded in 2017 an increase of 55% against the previous year. Over the period under review, the average export prices attained the peak figure at $20,412 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($139,206 per ton), while the average price for exports to Maldives ($3,922 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in Thailand
Imports of tools, hand; other than household toolses into Thailand rose to 4.9K tons in 2022, growing by 4.2% compared with the previous year. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of tools, hand; other than household toolses surged to $44M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tools, Hand; Other than Household Tools in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.3 | 11.4 | 15.5 | 18.0 | 16.8% |
| Japan | 7.5 | 6.7 | 5.8 | 7.8 | 1.3% |
| Malaysia | 1.7 | 1.6 | 2.9 | 4.6 | 39.3% |
| Germany | 5.7 | 3.9 | 3.5 | 3.9 | -11.9% |
| India | 1.4 | 1.0 | 1.6 | 1.9 | 10.7% |
| Taiwan (Chinese) | 1.2 | 1.1 | 1.1 | 1.2 | 0.0% |
| Others | 10.6 | 6.5 | 6.4 | 6.3 | -15.9% |
| Total | 39.4 | 32.2 | 36.7 | 43.6 | 3.4% |
Top Suppliers of Tools, Hand; Other than Household Tools to Thailand in 2022:
- China (3896.9 tons)
- Japan (307.5 tons)
- India (300.1 tons)
- Malaysia (90.0 tons)
- Taiwan (Chinese) (71.4 tons)
- Germany (65.9 tons)
Exports of Tools, Hand; Other than Household Tools in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of tools, hand; other than household toolses, when their volume decreased by -16.1% to 306 tons. The total export volume increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 26%.
In value terms, exports of tools, hand; other than household toolses fell modestly to $4.4M in 2022. In general, exports saw a noticeable setback.
| Export of Tools, Hand; Other than Household Tools in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,186 | 903 | 651 | 1,013 | -5.1% |
| United States | 265 | 860 | 1,656 | 532 | 26.2% |
| Myanmar | 139 | 265 | 351 | 427 | 45.4% |
| Lao People's Democratic Republic | 440 | 513 | 296 | 333 | -8.9% |
| Germany | 241 | 262 | 412 | 333 | 11.4% |
| Malaysia | 328 | 157 | 124 | 287 | -4.4% |
| Australia | 279 | 32.6 | 35.6 | 243 | -4.5% |
| Cambodia | 104 | 135 | 307 | 156 | 14.5% |
| Singapore | 107 | 93.5 | 67.4 | 140 | 9.4% |
| Vietnam | 177 | 114 | 86.9 | 103 | -16.5% |
| Philippines | 141 | 55.9 | 62.0 | 92.0 | -13.3% |
| Maldives | 47.7 | 22.6 | 5.0 | 77.2 | 17.4% |
| United Arab Emirates | 10.0 | 5.3 | 7.3 | 67.0 | 88.5% |
| Others | 1,491 | 1,323 | 486 | 629 | -25.0% |
| Total | 4,955 | 4,742 | 4,547 | 4,433 | -3.6% |
Top Export Markets for Tools, Hand; Other than Household Tools from Thailand in 2022:
- Myanmar (88.0 tons)
- United States (54.6 tons)
- Lao People's Democratic Republic (25.2 tons)
- Cambodia (22.5 tons)
- Maldives (19.7 tons)
- Malaysia (14.7 tons)
- Vietnam (13.3 tons)
- Philippines (10.5 tons)
- Germany (9.5 tons)
- United Arab Emirates (7.3 tons)
- Japan (7.3 tons)
- Australia (7.2 tons)
- Singapore (5.2 tons)
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