Thailand: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Thailand

The Thai agricultural forestry machinery market declined to $X in 2022, waning by X% against the previous year. Overall, consumption, however, enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Agricultural Forestry Machinery Production in Thailand

In value terms, agricultural forestry machinery production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Agricultural Forestry Machinery Exports

Exports from Thailand

In 2022, overseas shipments of agricultural forestry machinery (lawn or sportsground rollers) increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports posted a significant increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, agricultural forestry machinery exports dropped dramatically to $X in 2022. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X units) was the main destination for agricultural forestry machinery exports from Thailand, accounting for a X% share of total exports. Moreover, agricultural forestry machinery exports to Myanmar exceeded the volume sent to the second major destination, Cambodia (X units), threefold. The Philippines (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Myanmar totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and the Philippines (X% per year).

In value terms, Myanmar ($X) remains the key foreign market for agricultural forestry machinery (lawn or sportsground rollers) exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Switzerland (X% per year).

Export Prices by Country

The average agricultural forestry machinery export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Maldives ($X 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 Switzerland (X%), while the prices for the other major destinations experienced a decline.

Agricultural Forestry Machinery Imports

Imports into Thailand

In 2022, purchases abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by X% to X units, falling for the second year in a row after four years of growth. Overall, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, agricultural forestry machinery imports contracted remarkably to $X in 2022. Over the period under review, imports, however, recorded a mild increase. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

China (X units), India (X units) and the UK (X units) were the main suppliers of agricultural forestry machinery imports to Thailand, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of agricultural forestry machinery (lawn or sportsground rollers) to Thailand, comprising X% of total imports. The second position in the ranking was held by India ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and China (X% per year).

Import Prices by Country

The average agricultural forestry machinery import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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