Thailand: Disc Harrow Market 2024

Disc Harrow Market Size in Thailand

The Thai disc harrow market declined to $X in 2022, waning by X% against the previous year. Over the period under review, consumption recorded a deep reduction. Disc harrow consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Disc Harrow Production in Thailand

In value terms, disc harrow production fell rapidly to $X in 2022 estimated in export price. In general, production showed a deep reduction. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Disc harrow production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Disc Harrow Exports

Exports from Thailand

After two years of growth, shipments abroad of disc harrows decreased by X% to X units in 2022. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined notably in the following year.

In value terms, disc harrow exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Cambodia (X units) was the main destination for disc harrow exports from Thailand, accounting for a X% share of total exports. Moreover, disc harrow exports to Cambodia exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), sixfold. Myanmar (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Myanmar (X% per year).

In value terms, Cambodia ($X) remains the key foreign market for disc harrows exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by Myanmar, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Cambodia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Myanmar (X% per year).

Export Prices by Country

In 2022, the average disc harrow export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Tanzania ($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 Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced a decline.

Disc Harrow Imports

Imports into Thailand

Disc harrow imports into Thailand stood at X units in 2022, remaining constant against the year before. Over the period under review, imports continue to indicate a perceptible setback. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, disc harrow imports reduced to $X in 2022. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), India (X units) and China (X units) were the main suppliers of disc harrow imports to Thailand, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, India ($X), Japan ($X) and China ($X) were the largest disc harrow suppliers to Thailand, with a combined X% share of total imports.

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average disc harrow import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure 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 India ($X per unit), while the price for Italy ($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 a decline.

Source: IndexBox Platform

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