Thailand: Smart Card Market 2024

Smart Card Market Size in Thailand

The Thai smart card market fell rapidly to $X in 2022, waning by X% against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Smart Card Production in Thailand

In value terms, smart card production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Smart Card Exports

Exports from Thailand

In 2022, shipments abroad of cards incorporating an electronic integrated circuit (smart card) increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, smart card exports skyrocketed to $X in 2022. Over the period under review, exports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), India (X units) and Cambodia (X units) were the main destinations of smart card exports from Thailand, together accounting for X% of total exports. Germany, Myanmar, the Philippines, the United States, Pakistan, Malaysia, the UK, France, Switzerland and Austria lagged somewhat behind, together accounting for 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 Pakistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for cards incorporating an electronic integrated circuit (smart card) exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Cambodia (X% per year).

Export Prices by Country

In 2022, the average smart card export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 France ($X per unit), while the average price for exports to Vietnam ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Smart Card Imports

Imports into Thailand

In 2022, approx. X units of cards incorporating an electronic integrated circuit (smart card) were imported into Thailand; declining by X% against 2021. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, smart card imports soared to $X in 2022. Overall, imports saw a noticeable contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units), China (X units) and Finland (X units) were the main suppliers of smart card imports to Thailand, with a combined X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of cards incorporating an electronic integrated circuit (smart card) to Thailand, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

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

Import Prices by Country

In 2022, the average smart card import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, 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 more modest paces of growth.

Source: IndexBox Platform

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