Thailand: Printed Circuit Market 2024

Printed Circuit Market Size in Thailand

After two years of decline, the Thai printed circuit market increased by X% to $X in 2022. In general, consumption, however, recorded a slight descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Printed Circuit Production in Thailand

In value terms, printed circuit production surged to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Printed circuit production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Printed Circuit Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of printed circuits, when their volume decreased by X% to X units. Overall, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, printed circuit exports fell to $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Vietnam (X units), the United States (X units) and China (X units) were the main destinations of printed circuit exports from Thailand, together comprising X% of total exports. Japan, South Korea, Germany, Indonesia, Hungary, Malaysia, Romania, Mexico, India and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), the United States ($X) and Japan ($X) appeared to be the largest markets for printed circuit exported from Thailand worldwide, with a combined X% share of total exports. Vietnam, Germany, Malaysia, South Korea, Indonesia, Hungary, Mexico, Romania, Hong Kong SAR and India lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, India, with a CAGR of X%, saw the highest growth rate of 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 printed circuit export price stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, 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 Japan ($X per unit), while the average price for exports to Vietnam ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Printed Circuit Imports

Imports into Thailand

In 2022, purchases abroad of printed circuits decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, printed circuit imports expanded remarkably to $X in 2022. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of printed circuit to Thailand, with a X% share of total imports. Moreover, printed circuit imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports 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: Vietnam (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of printed circuits to Thailand, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

The average printed circuit import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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