Thailand - Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Grease Fittings and Oil Seals in Thailand - 2023
Contents:
- Price for Grease Fittings and Oil Seals in Thailand (FOB) - 2023
- Price for Grease Fittings and Oil Seals in Thailand (CIF) - 2022
- Exports of Grease Fittings and Oil Seals in Thailand
- Imports of Grease Fittings and Oil Seals in Thailand
Price for Grease Fittings and Oil Seals in Thailand (FOB) - 2023
In September 2023, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $6.1 per unit, declining by -34.9% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 21% month-to-month. Over the period under review, the average export prices reached the peak figure at $9.3 per unit in August 2023, and then contracted notably in the following month.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was the Philippines ($11.8 per unit), while the average price for exports to Lao People's Democratic Republic ($707 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Grease Fittings and Oil Seals in Thailand (CIF) - 2022
The average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels stood at $7.4 per unit in 2022, declining by -2.1% against the previous year. Over the period under review, the import price showed a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $10 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 Germany ($17 per unit), while the price for China ($3.3 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) (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Grease Fittings and Oil Seals in Thailand
After three years of growth, shipments abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -4.2% to 6.5M units in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. As a result, the exports attained the peak of 6.7M units, and then fell slightly in the following year.
In value terms, grease fittings and oil seals exports fell to $33M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of $34M, and then shrank slightly in the following year.
Export of Grease Fittings and Oil Seals in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 4.3 | 4.9 | 6.1 | 8.9 | 27.4% |
Japan | 9.6 | 6.5 | 7.8 | 6.2 | -13.6% |
Singapore | 3.3 | 2.8 | 2.0 | 2.2 | -12.6% |
Philippines | 1.6 | 1.2 | 2.0 | 2.0 | 7.7% |
Indonesia | 2.2 | 1.4 | 2.0 | 1.9 | -4.8% |
China | 1.5 | 1.4 | 2.5 | 1.7 | 4.3% |
Malaysia | 1.1 | 1.1 | 1.2 | 1.6 | 13.3% |
India | 1.5 | 1.4 | 1.9 | 1.3 | -4.7% |
Brazil | 1.4 | 0.9 | 1.1 | 0.9 | -13.7% |
Vietnam | 0.9 | 0.8 | 1.5 | 0.9 | 0.0% |
Argentina | 0.9 | 0.8 | 1.2 | 0.9 | 0.0% |
Italy | 0.6 | 0.7 | 0.7 | 0.3 | -20.6% |
Others | 3.2 | 3.3 | 4.0 | 4.1 | 8.6% |
Total | 32.2 | 27.2 | 34.0 | 32.9 | 0.7% |
Top Export Markets for Grease Fittings and Oil Seals from Thailand in 2022:
- United States (1961.0K units)
- Japan (1756.3K units)
- China (696.1K units)
- Malaysia (511.1K units)
- Indonesia (225.3K units)
- Philippines (169.6K units)
- Brazil (139.9K units)
- Argentina (130.6K units)
- Singapore (127.6K units)
- India (80.1K units)
- Vietnam (62.8K units)
- Italy (62.7K units)
Imports of Grease Fittings and Oil Seals in Thailand
In 2022, supplies from abroad of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels decreased by -2.6% to 3.4M units, falling for the second year in a row after two years of growth. In general, imports saw a noticeable decline. The growth pace was the most rapid in 2020 when imports increased by 2.6%. As a result, imports attained the peak of 3.8M units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, grease fittings and oil seals imports shrank slightly to $26M in 2022. Over the period under review, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2020 with an increase of 0.2%. As a result, imports reached the peak of $29M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Grease Fittings and Oil Seals in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 12.3 | 12.7 | 15.4 | 13.7 | 3.7% |
Singapore | 2.6 | 1.8 | 2.0 | 2.3 | -4.0% |
China | 2.5 | 4.2 | 1.9 | 1.9 | -8.7% |
South Korea | 0.9 | 0.8 | 0.9 | 1.7 | 23.6% |
Italy | 1.1 | 0.9 | 1.2 | 1.3 | 5.7% |
Vietnam | 0.7 | 0.6 | 0.8 | 0.9 | 8.7% |
Indonesia | 0.6 | 0.5 | 0.6 | 0.7 | 5.3% |
Others | 8.5 | 7.7 | 4.0 | 3.2 | -27.8% |
Total | 29.2 | 29.3 | 26.9 | 25.7 | -4.2% |
Top Suppliers of Grease Fittings and Oil Seals to Thailand in 2022:
- Japan (1443.1K units)
- China (576.2K units)
- Singapore (297.7K units)
- South Korea (247.8K units)
- Vietnam (218.2K units)
- Italy (184.3K units)
- Indonesia (112.9K units)
This report provides an in-depth analysis of the market for grease fittings and oil seals 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:
- Prodcom 28298400 - Non-automatic lubricating pots, greasing nipples, oil seal rings, hand wheels, levers, hand grips, safety guards and baseplates for machinery
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
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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
This report provides an in-depth analysis of the market for grease fittings and oil seals in Thailand.
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This report provides an in-depth analysis of the market for grease fittings and oil seals in Thailand.
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This report provides an in-depth analysis of the global market for grease fittings and oil seals.
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Explore the top import markets for grease fittings and oil seals in 2023, including Germany, the United States, China, and more. Learn about the key factors driving demand in these countries.
Explore the top import markets for grease fittings and oil seals in 2023, including Germany, the United States, China, and more. Learn about the key factors driving demand in these countries.