Thailand: Market for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type 2024

Market Size for Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Thailand

The Thai market for elevators and conveyors other than pneumatic, belt- or bucket-type contracted to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type in Thailand

In value terms, production of elevators and conveyors other than pneumatic, belt- or bucket-type reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Exports from Thailand

Exports of elevators and conveyors other than pneumatic, belt- or bucket-type from Thailand reduced dramatically to X units in 2022, which is down by X% against the previous year. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports of reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of elevators and conveyors other than pneumatic, belt- or bucket-type shrank notably to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Japan (X units), Malaysia (X units) and China (X units) were the main destinations of exports of elevators and conveyors other than pneumatic, belt- or bucket-type from Thailand, with a combined X% share of total exports. Vietnam, Indonesia, the United States, Cambodia and Myanmar lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and Malaysia ($X) constituted the largest markets for elevators and conveyors other than pneumatic, belt- or bucket-type exported from Thailand worldwide, together comprising X% of total exports. Cambodia, the United States, Indonesia, China and Myanmar lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for elevators and conveyors other than pneumatic, belt- or bucket-type amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Imports of Elevators and Conveyors other than Pneumatic, Belt- or Bucket-Type

Imports into Thailand

In 2022, imports of elevators and conveyors other than pneumatic, belt- or bucket-type into Thailand declined markedly to X units, which is down by X% compared with the year before. Overall, imports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, imports of elevators and conveyors other than pneumatic, belt- or bucket-type dropped to $X in 2022. Over the period under review, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest elevators and conveyors other than pneumatic, belt- or bucket-type supplier to Thailand, accounting for a X% share of total imports. Moreover, imports of elevators and conveyors other than pneumatic, belt- or bucket-type from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. Malaysia (X units) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X) constituted the largest supplier of elevators and conveyors other than pneumatic, belt- or bucket-type to Thailand, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

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

Import Prices by Country

In 2022, the average import price for elevators and conveyors other than pneumatic, belt- or bucket-type amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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