Thailand: Concrete Mixer Market 2024

Concrete Mixer Market Size in Thailand

After three years of growth, the Thai concrete mixer market decreased by -6.6% to $X in 2021. Overall, consumption saw a noticeable increase. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Concrete Mixer Production in Thailand

In value terms, concrete mixer production plummeted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a mild increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 53% against the previous year. As a result, production reached the peak level of $X, and then contracted notably in the following year.

Concrete Mixer Exports

Exports from Thailand

In 2021, shipments abroad of concrete or mortar mixers was finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 16%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, concrete mixer exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa (X units) was the main destination for concrete mixer exports from Thailand, with a 33% share of total exports. Moreover, concrete mixer exports to South Africa exceeded the volume sent to the second major destination, Germany (X units), twofold. The third position in this ranking was held by the Philippines (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to South Africa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.2% per year) and the Philippines (+111.3% per year).

In value terms, South Africa ($X) emerged as the key foreign market for concrete or mortar mixers exports from Thailand, comprising 34% of total exports. The second position in the ranking was held by Germany ($X), with a 15% share of total exports. It was followed by the Philippines, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to South Africa totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.3% per year) and the Philippines (+120.1% per year).

Export Prices by Country

The average concrete mixer export price stood at $X per unit in 2021, with an increase of 37% against the previous year. Over the period under review, the export price posted a buoyant increase. The growth pace was the most rapid in 2019 an increase of 59%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Mixer Imports

Imports into Thailand

In 2021, after two years of decline, there was significant growth in purchases abroad of concrete or mortar mixers, when their volume increased by 36% to X units. In general, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 70%. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, concrete mixer imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 70%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest concrete mixer supplier to Thailand, with a 87% share of total imports. Moreover, concrete mixer imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.2% per year) and the United States (-5.1% per year).

In value terms, China ($X) constituted the largest supplier of concrete or mortar mixers to Thailand, comprising 80% of total imports. The second position in the ranking was held by Japan ($X), with an 8.5% share of total imports. It was followed by the United States, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.1% per year) and the United States (+2.7% per year).

Import Prices by Country

In 2021, the average concrete mixer import price amounted to $X per unit, rising by 15% against the previous year. In general, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concrete mixer import price increased by +80.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 32%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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