Thailand: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in Thailand

In 2022, the Thai hide preparing machinery market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a slight descent. Hide preparing machinery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Hide Preparing Machinery Exports

Exports from Thailand

In 2022, overseas shipments of machinery for preparing, tanning or working hides, skins or leather decreased by X% to X units, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a mild contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, hide preparing machinery exports surged to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for hide preparing machinery exports from Thailand, accounting for a X% share of total exports. Moreover, hide preparing machinery exports to France exceeded the volume sent to the second major destination, Cambodia (X units), threefold. The third position in this ranking was taken by Australia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Australia (X% per year).

In value terms, France ($X) emerged as the key foreign market for machinery for preparing, tanning or working hides, skins or leather exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Cambodia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Cambodia (X% per year).

Export Prices by Country

In 2022, the average hide preparing machinery export price amounted to $X per unit, rising by X% against the previous year. In general, the export price posted a modest expansion. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 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 Italy ($X per unit), while the average price for exports to Australia ($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 Hong Kong SAR (X.3%), while the prices for the other major destinations experienced more modest paces of growth.

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Hide Preparing Machinery Imports

Imports into Thailand

In 2022, the amount of machinery for preparing, tanning or working hides, skins or leather imported into Thailand reached X units, picking up by X% against the year before. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, hide preparing machinery imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Taiwan (Chinese) (X units) were the main suppliers of hide preparing machinery imports to Thailand, with a combined X% share of total imports. The UK, France and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of machinery for preparing, tanning or working hides, skins or leather to Thailand, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2022, the average hide preparing machinery import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for the UK ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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