Thailand: Feedstuff Preparing Machinery Market 2024

Feedstuff Preparing Machinery Market Size in Thailand

The Thai feedstuff preparing machinery market fell to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, enjoyed mild growth. Feedstuff preparing machinery consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Feedstuff Preparing Machinery Production in Thailand

In value terms, feedstuff preparing machinery production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

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Feedstuff Preparing Machinery Exports

Exports from Thailand

Feedstuff preparing machinery exports from Thailand soared to X units in 2022, jumping by X% against the previous year. In general, exports, however, continue to indicate a abrupt contraction. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, feedstuff preparing machinery exports surged to $X in 2022. Over the period under review, exports, however, showed a deep contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X units), Maldives (X units) and Myanmar (X units) were the main destinations of feedstuff preparing machinery exports from Thailand, together accounting for X% of total exports.

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

In value terms, the largest markets for feedstuff preparing machinery exported from Thailand were Malaysia ($X), the Philippines ($X) and Mexico ($X), together comprising X% of total exports. Indonesia, Myanmar, South Korea, Cambodia, Taiwan (Chinese), Vietnam, Kuwait and Maldives lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, South Korea, with a CAGR of X%, saw 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 feedstuff preparing machinery export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

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 Malaysia ($X per unit), while the average price for exports to Maldives ($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 South Korea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Feedstuff Preparing Machinery Imports

Imports into Thailand

In 2022, after two years of growth, there was significant decline in purchases abroad of machinery for preparing animal feedstuffs, when their volume decreased by X% to X units. In general, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then reduced markedly in the following year.

In value terms, feedstuff preparing machinery imports shrank rapidly to $X in 2022. Over the period under review, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of feedstuff preparing machinery to Thailand, with a X% share of total imports. It was followed by the Netherlands (X units), with a X% share of total imports. Malaysia (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of machinery for preparing animal feedstuffs to Thailand, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

In 2022, the average feedstuff preparing machinery import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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