Pumps; Parts Thereof Price in Thailand - 2023

Contents:

1. Pumps; Parts Thereof Price in Thailand (FOB) - 2022
2. Pumps; Parts Thereof Price in Thailand (CIF) - 2022
3. Pumps; Parts Thereof Exports in Thailand
4. Pumps; Parts Thereof Imports in Thailand

Pumps; Parts Thereof Price in Thailand (FOB) - 2022

The average pumps; parts thereof export price stood at $19,687 per ton in 2022, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2021 an increase of 34% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($33,163 per ton), while the average price for exports to Cambodia ($3,000 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 France (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pumps; Parts Thereof Price in Thailand (CIF) - 2022

The average pumps; parts thereof import price stood at $20,064 per ton in 2022, falling by -2.1% against the previous year. In general, the import price saw a slight slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 16% against the previous year. The import price peaked at $22,340 per ton in 2012; however, from 2013 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 Japan ($30,948 per ton), while the price for China ($7,588 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Pumps; Parts Thereof Exports in Thailand

In 2022, after three years of growth, there was significant decline in overseas shipments of pumps; parts thereoves, when their volume decreased by -5.2% to 7.4K tons. The total export volume increased at an average annual rate of +8.5% over the period 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 exports increased by 20% against the previous year. As a result, the exports attained the peak of 7.8K tons, and then reduced in the following year.

In value terms, pumps; parts thereof exports totaled $145M in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 61% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Pumps; Parts Thereof from Thailand in 2022:

1. Japan (2598.4 tons)
2. United States (1764.4 tons)
3. France (375.4 tons)
4. Cambodia (354.9 tons)
5. China (302.4 tons)
6. India (289.3 tons)
7. Vietnam (261.3 tons)
8. Indonesia (255.7 tons)
9. Czech Republic (194.6 tons)
10. South Korea (143.5 tons)

Pumps; Parts Thereof Imports in Thailand

For the fourth year in a row, Thailand recorded growth in overseas purchases of pumps; parts thereoves, which increased by 4.9% to 4.3K tons in 2022. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 6.8%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, pumps; parts thereof imports rose slightly to $86M in 2022. The total import value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Pumps; Parts Thereof to Thailand in 2022:

1. China (1488.5 tons)
2. Japan (936.4 tons)
3. Italy (252.8 tons)
4. India (238.3 tons)
5. Malaysia (236.8 tons)
6. South Korea (217.9 tons)
7. Taiwan (Chinese) (199.8 tons)
8. Indonesia (174.0 tons)
9. United States (160.3 tons)

Source: IndexBox Market Intelligence Platform