Thailand: Power Tool Market 2024

Power Tool Market Size in Thailand

In 2022, the Thai power tool market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Power Tool Production in Thailand

In value terms, power tool production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Power Tool Exports

Exports from Thailand

Power tool exports from Thailand expanded sharply to X units in 2022, with an increase of X% against the previous year's figure. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, power tool exports surged to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units), Indonesia (X units) and Vietnam (X units) were the main destinations of power tool exports from Thailand, with a combined X% share of total exports. India, Australia, the Philippines, Singapore and Cambodia 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 Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for power tool exported from Thailand were the United States ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total exports. India, Australia, the Philippines, Singapore and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Australia, with a CAGR of X%, recorded 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 power tool export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price 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, power tool export price decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Cambodia ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Power Tool Imports

Imports into Thailand

In 2022, overseas purchases of power tools increased by X% to X units, rising for the third consecutive year after four years of decline. Over the period under review, imports recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, power tool imports fell to $X in 2022. In general, imports, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of power tool to Thailand, with a X% share of total imports. It was followed by Malaysia (X units), with a X% share of total imports. The third position in this ranking was taken by Sweden (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Sweden (X% per year).

In value terms, China ($X) constituted the largest supplier of power tools to Thailand, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Sweden, 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: Japan (X% per year) and Sweden (X% per year).

Import Prices by Country

In 2022, the average power tool import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($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 mixed trend patterns.

Source: IndexBox Platform

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