Price for Navigational Instruments and Appliances; Parts and Accessories in Thailand - 2024

Contents:

1. Price for Navigational Instruments and Appliances; Parts and Accessories in Thailand (CIF) - 2022
2. Price for Navigational Instruments and Appliances; Parts and Accessories in Thailand (FOB) - 2022
3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Thailand
4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Thailand

Price for Navigational Instruments and Appliances; Parts and Accessories in Thailand (CIF) - 2022

In 2022, the average import price for navigational instruments and appliances; parts and accessorieses amounted to $339,148 per ton, waning by -17.3% against the previous year. In general, the import price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2015 an increase of 68%. Over the period under review, average import prices reached the maximum at $415,858 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($993,814 per ton), while the price for Hong Kong SAR ($68,436 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Thailand (FOB) - 2022

The average export price for navigational instruments and appliances; parts and accessorieses stood at $195,510 per ton in 2022, with a decrease of -30.7% against the previous year. In general, the export price, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 2,477%. The export price peaked at $282,231 per ton in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($335,500 per ton), while the average price for exports to Malaysia ($21,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+157.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Thailand

For the fourth year in a row, Thailand recorded growth in overseas purchases of navigational instruments and appliances; parts and accessorieses, which increased by 8.5% to 6.9 tons in 2022. The total import volume increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of navigational instruments and appliances; parts and accessorieses fell to $2.3M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 30%. As a result, imports reached the peak of $2.6M, and then dropped in the following year.

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Thailand in 2022:

1. Japan (2167.0 kg)
2. United States (1972.0 kg)
3. China (649.0 kg)
4. Germany (474.0 kg)
5. France (357.0 kg)
6. United Kingdom (213.0 kg)
7. Norway (173.0 kg)
8. Hong Kong SAR (165.0 kg)
9. Mexico (123.0 kg)
10. Taiwan (Chinese) (56.0 kg)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Thailand

In 2022, exports of navigational instruments and appliances; parts and accessorieses from Thailand skyrocketed to 1.9 tons, increasing by 649% against 2021. Over the period under review, exports showed moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of navigational instruments and appliances; parts and accessorieses surged to $381K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Thailand in 2022:

1. Netherlands (778.0 kg)
2. France (459.0 kg)
3. Lao People's Democratic Republic (301.0 kg)
4. Singapore (111.0 kg)
5. Japan (101.0 kg)
6. United States (42.0 kg)
7. South Africa (40.0 kg)
8. Hong Kong SAR (16.0 kg)
9. Australia (10.0 kg)
10. Malaysia (1.0 kg)

Source: IndexBox Market Intelligence Platform