Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand - 2024
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand (FOB) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand (CIF) - 2024
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $176 per unit, picking up by 4% against the previous year. Overall, the export price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 11% against the previous year. The export price peaked at $238 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($487 per unit), while the average price for exports to China ($135 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 Germany (+7.4%), while the prices for the other major destinations experienced a decline.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand (CIF) - 2024
The average import price for tools; for working in the hand, pneumatic, other than rotary type stood at $35.7 per unit in February 2024, increasing by 143% against the previous month. In general, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in June 2023 an increase of 261% m-o-m. The import price peaked at $55.6 per unit in February 2023; however, from March 2023 to February 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($161 per unit), while the price for China ($14.9 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.9%), while the prices for the other major suppliers experienced a decline.
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand
After three years of growth, shipments abroad of tools; for working in the hand, pneumatic, other than rotary type decreased by -10.3% to 84K units in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 51%. As a result, the exports attained the peak of 94K units, and then fell in the following year.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type reduced to $15M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year. As a result, the exports reached the peak of $16M, and then contracted in the following year.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.7 | 7.7 | 10.7 | 10.8 | 23.7% |
| Netherlands | 1.3 | 1.5 | 2.5 | 1.8 | 11.5% |
| China | 0.8 | 0.9 | 1.2 | 1.1 | 11.2% |
| South Korea | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Others | 1.1 | 0.4 | 1.2 | 0.7 | -14.0% |
| Total | 9.0 | 10.6 | 15.9 | 14.8 | 18.0% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Thailand in 2022:
- United States (57.7K units)
- Netherlands (11.5K units)
- China (8.2K units)
- South Korea (1.8K units)
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand
In 2022, approx. 676K units of tools; for working in the hand, pneumatic, other than rotary type were imported into Thailand; rising by 33% against the previous year. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 56% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type contracted to $14M in 2022. The total import value increased at an average annual rate of +1.5% 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 40%. As a result, imports attained the peak of $14M, and then contracted in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 3.0 | 6.2 | 4.8 | 14.5% |
| Japan | 4.9 | 4.1 | 4.7 | 4.1 | -5.8% |
| Taiwan (Chinese) | 2.3 | 1.9 | 2.1 | 2.7 | 5.5% |
| Malaysia | 1.0 | 0.1 | N/A | N/A | -90.0% |
| Others | 1.5 | 1.2 | 1.4 | 1.9 | 8.2% |
| Total | 12.9 | 10.2 | 14.3 | 13.6 | 1.8% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Thailand in 2022:
- China (533.2K units)
- Taiwan (Chinese) (84.3K units)
- Japan (43.2K units)
- Malaysia (0.3K units)
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