Thailand: Capacitor Market 2024

Capacitor Market Size in Thailand

The Thai capacitor market contracted slightly to $X in 2022, falling by X% against the previous year. Overall, consumption continues to indicate a resilient increase. Capacitor consumption peaked at $X in 2021, and then fell slightly in the following year.

Capacitor Production in Thailand

In value terms, capacitor production declined to $X in 2022 estimated in export price. Overall, production posted resilient growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Capacitor Exports

Exports from Thailand

After two years of growth, shipments abroad of electrical capacitors decreased by X% to X units in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, capacitor exports declined modestly to $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Hong Kong SAR (X units) was the main destination for capacitor exports from Thailand, with a X% share of total exports. Moreover, capacitor exports to Hong Kong SAR exceeded the volume sent to the second major destination, China (X units), twofold. Japan (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Japan (X% per year).

In value terms, the largest markets for capacitor exported from Thailand were China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), together accounting for X% of total exports. The United States, Germany, Japan, South Korea, Singapore, Vietnam, Lao People's Democratic Republic, Egypt and Brazil lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Egypt, with a CAGR of X%, 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 capacitor export price stood at $X per thousand units in 2022, jumping by X% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

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 Taiwan (Chinese) ($X per thousand units), while the average price for exports to Brazil ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Capacitor Imports

Imports into Thailand

In 2022, after two years of growth, there was significant decline in purchases abroad of electrical capacitors, when their volume decreased by X% to X units. Overall, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, capacitor imports expanded modestly to $X in 2022. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of capacitor to Thailand, with a X% share of total imports. Moreover, capacitor imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. South Korea (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, Japan ($X), China ($X) and Malaysia ($X) constituted the largest capacitor suppliers to Thailand, together comprising X% of total imports. South Korea, Indonesia, the Philippines, Taiwan (Chinese) and Singapore lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average capacitor import price amounted to $X per thousand units, rising by X% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per thousand units. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per thousand units), while the price for Singapore ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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