Thailand: Wood Drilling Machine Market 2022

Wood Drilling Machine Market Size in Thailand

The Thai wood drilling machine market soared to $X in 2021, rising by 82% against the previous year. Over the period under review, consumption saw notable growth. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Wood Drilling Machine Production in Thailand

In value terms, wood drilling machine production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 99%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Wood Drilling Machine Exports

Exports from Thailand

Wood drilling machine exports from Thailand plummeted to X units in 2021, dropping by -55.1% on 2020 figures. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2013 when exports increased by 105%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, wood drilling machine exports contracted significantly to $X in 2021. Overall, exports showed a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by 104% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units), Malaysia (X units) and Lao People's Democratic Republic (X units) were the main destinations of wood drilling machine exports from Thailand, with a combined 78% share of total exports. These countries were followed by Cambodia, Myanmar and Egypt, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were in Egypt (with a CAGR of +300.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Malaysia ($X) and Lao People's Democratic Republic ($X) constituted the largest markets for wood drilling machine exported from Thailand worldwide, with a combined 78% share of total exports. These countries were followed by Cambodia, Myanmar and Egypt, which together accounted for a further 19%.

Among the main countries of destination, Egypt, with a CAGR of +2,700.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wood drilling machine export price stood at $X per unit in 2021, dropping by -6.1% against the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of 48% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Egypt ($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 Egypt (+557.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Drilling Machine Imports

Imports into Thailand

In 2021, purchases abroad of drilling or morticing machines increased by 26% to X units, rising for the third consecutive year after two years of decline. In general, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +140.6% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 53%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, wood drilling machine imports surged to $X in 2021. Over the period under review, imports posted a tangible increase. The pace of growth appeared the most rapid in 2019 when imports increased by 84%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of wood drilling machine to Thailand, accounting for a 68% share of total imports. Moreover, wood drilling machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Malaysia (X units), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.3% per year) and Malaysia (+19.1% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of wood drilling machine to Thailand, comprising 78% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Malaysia, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.0% per year) and Malaysia (+14.5% per year).

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2021, growing by 23% against the previous year. Over the period under review, the import price, however, showed a mild curtailment. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($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 (+7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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