Thailand: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Thailand

For the fourth year in a row, the Thai market for electric generating sets and rotary converters recorded growth in sales value, which increased by X% to $X in 2021. In general, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by X% against 2017 indices. Consumption of peaked in 2021 and is likely to see steady growth in years to come.

Production of Electric Generating Sets And Rotary Converters in Thailand

In value terms, production of electric generating sets and rotary converters fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2020, and then fell in the following year.

Exports of Electric Generating Sets And Rotary Converters

Exports from Thailand

In 2021, overseas shipments of electric generating sets and rotary converters were finally on the rise to reach X units for the first time since 2015, thus ending a five-year declining trend. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of electric generating sets and rotary converters surged to $X in 2021. Over the period under review, exports, however, recorded a pronounced curtailment. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for exports of electric generating sets and rotary converters from Thailand, with a X% share of total exports. Moreover, exports of electric generating sets and rotary converters to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for electric generating sets and rotary converters exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2012 to 2020, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Canada (X% per year).

Export Prices by Country

The average export price for electric generating sets and rotary converters stood at $X per unit in 2020, declining by X% against the previous year. Over the period under review, the export price, however, saw a tangible expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Generating Sets And Rotary Converters

Imports into Thailand

In 2021, overseas purchases of electric generating sets and rotary converters increased by X% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a mild slump. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of electric generating sets and rotary converters totaled $X in 2021. Overall, imports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2020, China (X units) was the main electric generating set and rotary converter supplier to Thailand, with a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of electric generating sets and rotary converters to Thailand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2020, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

Import Prices by Country

In 2020, the average import price for electric generating sets and rotary converters amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 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 2012; however, from 2013 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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