Report Update Apr 1, 2024

Thailand - Industrial Bakery Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Exports

Exports from Thailand

In 2022, the amount of industrial bakery machinery exported from Thailand fell significantly to X units, dropping by -83.5% compared with the previous year's figure. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 397%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, industrial bakery machinery exports declined remarkably to $X in 2022. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of 368% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X units) was the main destination for industrial bakery machinery exports from Thailand, with a 42% share of total exports. Moreover, industrial bakery machinery exports to Vietnam exceeded the volume sent to the second major destination, Cambodia (X units), twofold. Myanmar (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+4.0% per year) and Myanmar (-4.3% per year).

In value terms, Vietnam ($X), Cambodia ($X) and Indonesia ($X) were the largest markets for industrial bakery machinery exported from Thailand worldwide, with a combined 72% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +20.3%, 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

In 2022, the average industrial bakery machinery export price amounted to $X per unit, with an increase of 90% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Brazil ($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 Denmark (+374.4%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into Thailand

In 2022, after two years of growth, there was significant decline in purchases abroad of industrial bakery machinery, when their volume decreased by -44.3% to X units. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 97%. Over the period under review, imports hit record highs at X units in 2021, and then reduced rapidly in the following year.

In value terms, industrial bakery machinery imports declined significantly to $X in 2022. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 76%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of industrial bakery machinery to Thailand, accounting for a 79% share of total imports. Moreover, industrial bakery machinery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. The third position in this ranking was held by South Korea (X units), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-15.7% per year) and South Korea (+19.8% per year).

In value terms, the largest industrial bakery machinery suppliers to Thailand were China ($X), Japan ($X) and South Korea ($X), with a combined 66% share of total imports.

South Korea, with a CAGR of +23.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2022, growing by 9.7% against the previous year. Overall, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial bakery machinery in the world?

The countries with the highest volumes of consumption in 2022 were the United States, China and India, with a combined 38% share of global consumption. Japan, Brazil, Indonesia, Spain, Germany, Canada, Nigeria, Italy, South Korea and the UK lagged somewhat behind, together comprising a further 26%.

What are the largest producers of industrial bakery machinery in the world?

The countries with the highest volumes of production in 2022 were China, Italy and India, together accounting for 58% of global production.

What are the leading suppliers of industrial bakery machinery to Thailand?

In value terms, China, Japan and South Korea constituted the largest industrial bakery machinery suppliers to Thailand, with a combined 66% share of total imports.

What are the leading importers of industrial bakery machinery from Thailand?

In value terms, the largest markets for industrial bakery machinery exported from Thailand were Vietnam, Cambodia and Indonesia, together comprising 72% of total exports.

What is the average export price for industrial bakery machinery in Thailand?

In 2022, the average industrial bakery machinery export price amounted to $3,123 per unit, rising by 90% against the previous year.

What is the average import price for industrial bakery machinery in Thailand?

The average industrial bakery machinery import price stood at $1,198 per unit in 2022, rising by 9.7% against the previous year.

This report provides an in-depth analysis of the industrial bakery machinery market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28931713 - Industrial bakery machinery (excluding non-electric ovens)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023