Thailand: Diagnostic Equipment Market 2024

Diagnostic Equipment Market Size in Thailand

The Thai diagnostic equipment market fell to $X in 2022, dropping by X% against the previous year. In general, consumption saw a deep reduction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Diagnostic Equipment Production in Thailand

In value terms, diagnostic equipment production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. Diagnostic equipment production peaked in 2022 and is likely to see steady growth in years to come.

Diagnostic Equipment Exports

Exports from Thailand

In 2022, overseas shipments of electro-diagnostic apparatus, and ultra-violet or infra-red ray apparatus increased by X% to X units, rising for the third year in a row after three years of decline. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, diagnostic equipment exports surged to $X in 2022. Overall, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), the United States (X units) and Switzerland (X units) were the main destinations of diagnostic equipment exports from Thailand, together comprising X% of total exports. Israel, the Netherlands and Singapore lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Netherlands ($X) appeared to be the largest markets for diagnostic equipment exported from Thailand worldwide, with a combined X% share of total exports. Switzerland, Israel and Singapore lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Israel, with a CAGR of X%, saw the highest growth rate of 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 diagnostic equipment export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Switzerland ($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 Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Diagnostic Equipment Imports

Imports into Thailand

Diagnostic equipment imports into Thailand shrank remarkably to X units in 2022, with a decrease of X% on 2021 figures. Overall, imports showed a perceptible decline. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, diagnostic equipment imports fell sharply to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of diagnostic equipment to Thailand, with a X% share of total imports. Moreover, diagnostic equipment imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 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: the Netherlands (X% per year) and Germany (X% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) appeared to be the largest diagnostic equipment suppliers to Thailand, with a combined X% share of total imports. Germany, South Korea, the Netherlands, the Dominican Republic, Malaysia and Singapore lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Malaysia, with a CAGR of X%, saw 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 diagnostic equipment import price amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, continues to indicate a pronounced increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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 Japan ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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