Thailand: Boiler Parts Market 2022

Boiler Parts Market Size in Thailand

The Thai boiler parts market shrank to $X in 2021, waning by -X% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Boiler Parts Production in Thailand

In value terms, boiler parts production shrank rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2017 indices. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Boiler Parts Exports

Exports from Thailand

After two years of growth, shipments abroad of parts of boilers for central heating decreased by -X% to X tons in 2021. In general, exports saw a sharp decline. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, boiler parts exports dropped dramatically to $X in 2021. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Myanmar (X tons) was the main destination for boiler parts exports from Thailand, accounting for a X% share of total exports. Moreover, boiler parts exports to Myanmar exceeded the volume sent to the second major destination, Poland (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Denmark (-X% per year).

In value terms, Poland ($X) remains the key foreign market for boiler parts exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Denmark ($X), with an X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-X% per year) and Myanmar (+X% per year).

Export Prices by Country

The average boiler parts export price stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the export price, however, posted a prominent expansion. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then fell significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Boiler Parts Imports

Imports into Thailand

In 2021, supplies from abroad of parts of boilers for central heating increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, boiler parts imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest boiler parts supplier to Thailand, with a X% share of total imports. Moreover, boiler parts imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Taiwan (Chinese) (+X% per year).

In value terms, China ($X) constituted the largest supplier of boiler parts to Thailand, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Germany (+X% per year).

Import Prices by Country

The average boiler parts import price stood at $X per ton in 2021, surging by X% against the previous year. Overall, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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