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Thailand - In-Hand Motor Grinders, Sanders And Planers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand - 2024
Contents:
- Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand (CIF) - 2024
- Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand (FOB) - 2024
- Imports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand
- Exports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand
Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand (CIF) - 2024
The average import price for in-hand motor grinders, sanders and planers stood at $35.2 per unit in February 2024, dropping by -1.9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 19% month-to-month. Over the period under review, average import prices hit record highs at $38.1 per unit in December 2023; however, from January 2024 to February 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Malaysia ($43.2 per unit), while the price for China totaled $27.1 per unit.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+2.7%).
Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand (FOB) - 2024
The average export price for in-hand motor grinders, sanders and planers stood at $30.0 per unit in February 2024, picking up by 42% against the previous month. Over the last eleven months, it increased at an average monthly rate of +2.1%. Over the period under review, the average export prices hit record highs at $30.2 per unit in September 2023; however, from October 2023 to February 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was New Zealand ($68.0 per unit), while the average price for exports to the United States ($20.6 per unit) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand
In 2022, supplies from abroad of in-hand motor grinders, sanders and planers decreased by -18.5% to 1.9M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 178% against the previous year. Imports peaked at 2.3M units in 2021, and then dropped notably in the following year.
In value terms, imports of in-hand motor grinders, sanders and planers contracted to $68M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47%. As a result, imports attained the peak of $69M, leveling off in the following year.
Import of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 29.0 | 28.9 | 47.4 | 45.7 | 16.4% |
Japan | 7.2 | 5.8 | 6.9 | 6.1 | -5.4% |
Malaysia | 3.6 | 3.2 | 2.4 | 4.3 | 6.1% |
Others | 7.5 | 8.7 | 11.9 | 11.9 | 16.6% |
Total | 47.3 | 46.6 | 68.5 | 68.1 | 12.9% |
Top Suppliers of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor to Thailand in 2022:
- China (1757.8K units)
- Malaysia (83.7K units)
- Japan (31.4K units)
Exports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand
In 2022, after three years of growth, there was decline in overseas shipments of in-hand motor grinders, sanders and planers, when their volume decreased by -1.8% to 494K units. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 95% against the previous year. As a result, the exports attained the peak of 503K units, and then reduced in the following year.
In value terms, exports of in-hand motor grinders, sanders and planers skyrocketed to $55M in 2022. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 83%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | N/A | 5.2 | 13.9 | 14.6 | 67.6% |
Indonesia | 2.3 | 5.3 | 13.1 | 11.6 | 71.5% |
Vietnam | 5.5 | 7.3 | 6.3 | 10.3 | 23.3% |
India | 3.1 | 1.9 | 4.6 | 5.4 | 20.3% |
Australia | 0.4 | 1.2 | 1.7 | 3.8 | 111.8% |
Philippines | 1.5 | 1.6 | 1.3 | 1.8 | 6.3% |
Singapore | 0.9 | 0.6 | 1.2 | 1.3 | 13.0% |
Others | 1.4 | 2.1 | 4.1 | 6.8 | 69.4% |
Total | 15.1 | 25.2 | 46.1 | 55.5 | 54.3% |
Top Export Markets for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor from Thailand in 2022:
- United States (162.2K units)
- Indonesia (142.5K units)
- Vietnam (85.2K units)
- India (42.4K units)
- Australia (16.1K units)
- Philippines (10.9K units)
- Singapore (8.4K units)
This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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