Thailand: Footwear Making Machinery Market 2024

Footwear Making Machinery Market Size in Thailand

The Thai footwear making machinery market contracted dramatically to $X in 2023, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt curtailment. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Footwear Making Machinery Exports

Exports from Thailand

In 2023, the amount of machinery for making or repairing footwear exported from Thailand dropped rapidly to X units, falling by X% against the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, footwear making machinery exports dropped notably to $X in 2023. Overall, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X units) was the main destination for footwear making machinery exports from Thailand, with a X% share of total exports. Moreover, footwear making machinery exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. Myanmar (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Lao People's Democratic Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Myanmar (X% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for machinery for making or repairing footwear exports from Thailand, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Lao People's Democratic Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Myanmar (X% per year).

Export Prices by Country

In 2023, the average footwear making machinery export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then contracted significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Footwear Making Machinery Imports

Imports into Thailand

In 2023, purchases abroad of machinery for making or repairing footwear decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports reached the peak of X units, and then declined sharply in the following year.

In value terms, footwear making machinery imports dropped rapidly to $X in 2023. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2023, China (X units) constituted the largest footwear making machinery supplier to Thailand, with a X% share of total imports. Moreover, footwear making machinery imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of machinery for making or repairing footwear to Thailand, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Italy (X% per year).

Import Prices by Country

The average footwear making machinery import price stood at $X per unit in 2023, with an increase of X% against the previous year. Overall, the import price, however, recorded a noticeable decrease. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform