Thailand: Thread Rolling Machine Market 2023

Thread Rolling Machine Market Size in Thailand

The Thai thread rolling machine market declined remarkably to $X in 2021, waning by -22.3% against the previous year. Overall, consumption, however, recorded mild growth. Thread rolling machine consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Thread Rolling Machine Production in Thailand

In value terms, thread rolling machine production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a slight slump. The pace of growth was the most pronounced in 2018 with an increase of 35% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Thread Rolling Machine Exports

Exports from Thailand

For the fifth year in a row, Thailand recorded decline in shipments abroad of thread rolling machines for working metal, sintered metal carbides or cermets, which decreased by -46.7% to X units in 2021. Over the period under review, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 425% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, thread rolling machine exports fell significantly to $X in 2021. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 298%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for thread rolling machine exports from Thailand, accounting for a 63% share of total exports. Moreover, thread rolling machine exports to Singapore exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X units), fivefold. Japan (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-11.5% per year) and Japan (0.0% per year).

In value terms, Singapore ($X) emerged as the key foreign market for thread rolling machines for working metal, sintered metal carbides or cermets exports from Thailand, comprising 60% of total exports. The second position in the ranking was held by Japan ($X), with a 23% share of total exports. It was followed by Lao People's Democratic Republic, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled +39.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+17.9% per year) and Lao People's Democratic Republic (-6.7% per year).

Export Prices by Country

The average thread rolling machine export price stood at $X per unit in 2021, waning by -31% against the previous year. Over the period under review, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 107% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to Nepal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Thread Rolling Machine Imports

Imports into Thailand

In 2021, the amount of thread rolling machines for working metal, sintered metal carbides or cermets imported into Thailand shrank dramatically to X units, reducing by -30.1% on the year before. Over the period under review, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 438%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, thread rolling machine imports declined sharply to $X in 2021. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 32% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of thread rolling machine imports to Thailand, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +27.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and China ($X) appeared to be the largest thread rolling machine suppliers to Thailand, together accounting for 97% of total imports. South Korea lagged somewhat behind, comprising a further 3.3%.

In terms of the main suppliers, South Korea, with a CAGR of +55.8%, 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 a decline.

Import Prices by Country

In 2021, the average thread rolling machine import price amounted to $X per unit, with a decrease of -16.2% against the previous year. In general, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 52%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+25.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :