Thailand: Non-Domestic Dryer Market 2024

Non-Domestic Dryer Market Size in Thailand

The Thai non-domestic dryer market shrank modestly to $X.9B in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Non-domestic dryer consumption peaked at $X.7B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Domestic Dryer Production in Thailand

In value terms, non-domestic dryer production dropped slightly to $X.8B in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X.6B in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Non-Domestic Dryer Exports

Exports from Thailand

In 2022, the amount of non-domestic dryers exported from Thailand skyrocketed to X units, with an increase of X% on the previous year's figure. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-domestic dryer exports soared to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), Italy (X units) and Vietnam (X units) were the main destinations of non-domestic dryer exports from Thailand, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for non-domestic dryers exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

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

Export Prices by Country

The average non-domestic dryer export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 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 the United States ($X per unit), while the average price for exports to Italy ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Non-Domestic Dryer Imports

Imports into Thailand

In 2022, supplies from abroad of non-domestic dryers was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a slight expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-domestic dryer imports fell modestly to $X in 2022. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-domestic dryer to Thailand, accounting for a X% share of total imports. Moreover, non-domestic dryer imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a X% share.

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

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the largest non-domestic dryer suppliers to Thailand, together comprising X% of total imports. The Netherlands, Italy, the United States and Germany lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average non-domestic dryer import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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