Thailand: Container Market 2024

Container Market Size in Thailand

The Thai container market contracted to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Container consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Container Production in Thailand

In value terms, container production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

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Container Exports

Exports from Thailand

In 2022, shipments abroad of tanks, casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the third year in a row after three years of decline. Overall, total exports indicated a slight increase 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, container exports expanded significantly to $X in 2022. In general, exports, however, saw a slight setback. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X units), Myanmar (X units) and Cambodia (X units) were the main destinations of container exports from Thailand, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Cambodia ($X) and Japan ($X) appeared to be the largest markets for container exported from Thailand worldwide, together comprising X% of total exports.

Among the main countries of destination, Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average container export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average 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 Singapore ($X per unit), while the average price for exports to Myanmar ($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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into Thailand

In 2022, purchases abroad of tanks, casks, drums, cans, boxes and similar containers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, container imports expanded significantly to $X in 2022. Over the period under review, imports showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X units), Taiwan (Chinese) (X units) and China (X units) were the main suppliers of container imports to Thailand, together accounting for X% of total imports. Vietnam, Japan, Singapore and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Taiwan (Chinese) ($X) and China ($X) constituted the largest container suppliers to Thailand, with a combined X% share of total imports.

Among the main suppliers, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average container import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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