Price for Winches and Capstans; Powered by an Electric Motor in Thailand - 2024
Contents:
- Price for Winches and Capstans; Powered by an Electric Motor in Thailand (FOB) - 2022
- Price for Winches and Capstans; Powered by an Electric Motor in Thailand (CIF) - 2024
- Exports of Winches and Capstans; Powered by an Electric Motor in Thailand
- Imports of Winches and Capstans; Powered by an Electric Motor in Thailand
Price for Winches and Capstans; Powered by an Electric Motor in Thailand (FOB) - 2022
The average export price for winches and capstans; powered by an electric motors stood at $1,347 per unit in 2022, waning by -6.8% against the previous year. Over the period under review, the export price showed a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of 6.6% against the previous year. The export price peaked at $1,612 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($2,636 per unit), while the average price for exports to the United Arab Emirates ($246 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 (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Winches and Capstans; Powered by an Electric Motor in Thailand (CIF) - 2024
The average import price for winches and capstans; powered by an electric motors stood at $1,365 per unit in January 2024, almost unchanged from the previous month. Over the period under review, the import price, however, showed buoyant growth. The pace of growth was the most pronounced in May 2023 an increase of 579% m-o-m. The import price peaked at $2,535 per unit in November 2023; afterwards, it flattened through to January 2024.
Average prices varied noticeably amongst the major supplying countries. In January 2024, the country with the highest price was China ($1,414 per unit), while the price for Taiwan (Chinese) totaled $1,300 per unit.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+6.5%).
Exports of Winches and Capstans; Powered by an Electric Motor in Thailand
For the fourth year in a row, Thailand recorded growth in shipments abroad of winches and capstans; powered by an electric motors, which increased by 1.1% to 6.9K units in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +53.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of winches and capstans; powered by an electric motors declined to $9.2M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +42.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, the exports reached the peak of $9.8M, and then dropped in the following year.
| Export of Winches and Capstans; Powered by an Electric Motor in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,070 | 3,341 | 7,432 | 5,444 | 21.0% |
| United Kingdom | 9.0 | 5.7 | 272 | 1,653 | 468.4% |
| Vietnam | 2,458 | 1,628 | 1,163 | 925 | -27.8% |
| United Arab Emirates | 169 | 325 | 99.4 | 193 | 4.5% |
| Australia | 86.0 | 722 | 45.0 | 157 | 22.2% |
| Singapore | 68.9 | 0.5 | N/A | 135 | 25.1% |
| Germany | 22.9 | 121 | 38.0 | 88.6 | 57.0% |
| China | 16.5 | 5.7 | 4.8 | 76.0 | 66.4% |
| South Africa | 75.7 | 142 | 118 | 60.2 | -7.4% |
| Slovakia | 14.8 | 10.3 | 22.4 | 49.8 | 49.8% |
| Malaysia | 64.3 | 108 | 177 | 17.8 | -34.8% |
| Others | 413 | 502 | 443 | 441 | 2.2% |
| Total | 6,468 | 6,911 | 9,814 | 9,241 | 12.6% |
Top Export Markets for Winches and Capstans; Powered by an Electric Motor from Thailand in 2022:
- United States (2735.0 units)
- United Arab Emirates (786.0 units)
- United Kingdom (627.0 units)
- Vietnam (577.0 units)
- Singapore (382.0 units)
- Germany (332.0 units)
- Australia (214.0 units)
- South Africa (125.0 units)
- Slovakia (113.0 units)
- China (103.0 units)
- Malaysia (46.0 units)
Imports of Winches and Capstans; Powered by an Electric Motor in Thailand
Imports of winches and capstans; powered by an electric motors into Thailand dropped to 9K units in 2022, which is down by -9.8% on 2021. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, imports of attained the peak figure at 12K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of winches and capstans; powered by an electric motors contracted remarkably to $8.6M in 2022. In general, imports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Imports peaked at $13M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Winches and Capstans; Powered by an Electric Motor in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.1 | 7.2 | 8.3 | 7.1 | -7.9% |
| Taiwan (Chinese) | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Japan | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Vietnam | 1.6 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 1.5 | 1.6 | 1.1 | -5.4% |
| Total | 12.5 | 9.0 | 10.1 | 8.6 | -11.7% |
Top Suppliers of Winches and Capstans; Powered by an Electric Motor to Thailand in 2022:
- China (7.9K units)
- Japan (0.3K units)
- Taiwan (Chinese) (0.3K units)
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