Thailand: Magnetic Media Market 2024

Magnetic Media Market Size in Thailand

In 2023, the Thai magnetic media market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a noticeable decline. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Magnetic Media Exports

Exports from Thailand

For the third year in a row, Thailand recorded decline in overseas shipments of magnetic media, not recorded, except cards with a magnetic stripe, which decreased by X% to X units in 2023. Over the period under review, exports saw a perceptible reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, magnetic media exports contracted remarkably to $X in 2023. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X units) was the main destination for magnetic media exports from Thailand, with a X% share of total exports. Moreover, magnetic media exports to Malaysia exceeded the volume sent to the second major destination, China (X units), sixfold. The third position in this ranking was held by Hong Kong SAR (X units), with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Hong Kong SAR (X% per year).

In value terms, the largest markets for magnetic media exported from Thailand were Hong Kong SAR ($X), Malaysia ($X) and China ($X), with a combined X% share of total exports. Japan, Singapore, Portugal, Australia and the United States lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the average magnetic media export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Malaysia ($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 Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Thailand

In 2023, supplies from abroad of magnetic media, not recorded, except cards with a magnetic stripe decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, magnetic media imports shrank remarkably to $X in 2023. Over the period under review, imports saw a pronounced reduction. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Malaysia (X units) and Japan (X units) were the main suppliers of magnetic media imports to Thailand, together accounting for X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest magnetic media suppliers to Thailand were China ($X), Malaysia ($X) and Japan ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average magnetic media import price stood at $X per unit in 2023, with an increase of X% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, magnetic media import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 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 2020 to 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Malaysia ($X per unit), while the price for China ($X per unit) and Singapore ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform