Thailand - Garden Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGarden Tool Price in Thailand - 2023
Contents:
- Garden Tool Price in Thailand (FOB) - 2023
- Garden Tool Price in Thailand (CIF) - 2022
- Garden Tool Exports in Thailand
- Garden Tool Imports in Thailand
Garden Tool Price in Thailand (FOB) - 2023
The average garden tool export price stood at $8,526 per ton in September 2023, jumping by 78% against the previous month. Over the period under review, the export price posted slight growth. The growth pace was the most rapid in January 2023 when the average export price increased by 156% m-o-m. As a result, the export price attained the peak level of $12,984 per ton. From February 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was China ($25,445 per ton), while the average price for exports to Maldives ($747 per ton) 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 South Korea (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Garden Tool Price in Thailand (CIF) - 2022
In 2022, the average garden tool import price amounted to $3,930 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The growth pace was the most rapid in 2016 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $6,781 per ton. From 2017 to 2022, the average 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 Japan ($18,760 per ton), while the price for India ($2,459 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Garden Tool Exports in Thailand
For the fourth year in a row, Thailand recorded growth in overseas shipments of garden tools, which increased by 28% to 1.1K tons in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 69% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, garden tool exports expanded remarkably to $6.3M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.1% 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 +60.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 39%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Garden Tool in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 442 | 950 | 1,247 | 1,678 | 56.0% |
| Papua New Guinea | 177 | 208 | 323 | 721 | 59.7% |
| Jamaica | 542 | 531 | 595 | 652 | 6.4% |
| Trinidad and Tobago | 103 | 167 | 175 | 291 | 41.4% |
| Guyana | 273 | 202 | 196 | 286 | 1.6% |
| China | 30.8 | 54.3 | 500 | 251 | 101.2% |
| Malaysia | 877 | 737 | 419 | 223 | -36.6% |
| United States | 257 | 303 | 217 | 194 | -8.9% |
| Cambodia | 2.2 | 1.3 | 28.2 | 165 | 321.7% |
| Solomon Islands | 108 | 274 | 144 | 152 | 12.1% |
| Maldives | 0.5 | 174 | 172 | 126 | 531.6% |
| Lao People's Democratic Republic | 16.3 | 12.2 | 15.6 | 53.0 | 48.1% |
| Others | 1,065 | 1,797 | 1,516 | 1,463 | 11.2% |
| Total | 3,895 | 5,412 | 5,547 | 6,256 | 17.1% |
Top Export Markets for Garden Tool from Thailand in 2022:
- Netherlands (411.2 tons)
- Jamaica (96.3 tons)
- Papua New Guinea (94.0 tons)
- Maldives (58.9 tons)
- Cambodia (52.6 tons)
- Trinidad and Tobago (37.6 tons)
- Malaysia (37.3 tons)
- Guyana (34.7 tons)
- China (33.5 tons)
- Lao People's Democratic Republic (32.1 tons)
- Solomon Islands (19.6 tons)
- United States (10.4 tons)
Garden Tool Imports in Thailand
In 2022, overseas purchases of garden tools decreased by -5.3% to 220 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 45%.
In value terms, garden tool imports reduced to $863K in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of $899K, and then declined slightly in the following year.
| Import of Garden Tool in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 207 | 269 | 438 | 581 | 41.1% |
| Japan | 78.3 | 91.0 | 50.4 | 71.2 | -3.1% |
| Malaysia | 14.9 | 117 | 64.5 | 60.8 | 59.8% |
| Taiwan (Chinese) | 37.2 | 25.2 | 55.0 | 36.1 | -1.0% |
| Mexico | N/A | 1.2 | 13.7 | 24.7 | 353.7% |
| India | 25.6 | 29.7 | 19.4 | 17.6 | -11.7% |
| Others | 70.8 | 74.5 | 258 | 71.6 | 0.4% |
| Total | 434 | 608 | 899 | 863 | 25.7% |
Top Suppliers of Garden Tool to Thailand in 2022:
- China (177.8 tons)
- Taiwan (Chinese) (8.7 tons)
- India (7.1 tons)
- Malaysia (5.3 tons)
- Mexico (4.5 tons)
- Japan (3.8 tons)
This report provides an in-depth analysis of the garden tool market 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 25731055 - Forks and other hand tools (excluding clasp knives) for agriculture, horticulture or forestry
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.
-
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
-
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
-
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
-
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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