Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand - 2024

Contents:

  1. Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand (CIF) - 2022
  2. Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand (FOB) - 2022
  3. Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand
  4. Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand

Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand (CIF) - 2022

In 2022, the average import price for casting machines; of a kind used in metallurgy or in metal foundrieses amounted to $13,061 per unit, dropping by -52.3% against the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 an increase of 92%. As a result, import price reached the peak level of $54,938 per unit. From 2021 to 2022, the average 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 Japan ($77,802 per unit), while the price for China ($5,922 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand (FOB) - 2022

In 2022, the average export price for casting machines; of a kind used in metallurgy or in metal foundrieses amounted to $24,414 per unit, waning by -11.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 67% against the previous year. The export price peaked at $59,990 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Malaysia ($68,615 per unit), while the average price for exports to Japan ($5 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 Bangladesh (+70.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand

In 2022, approx. 1.4K units of casting machines; of a kind used in metallurgy or in metal foundrieses were imported into Thailand; with an increase of 153% against 2021. In general, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of casting machines; of a kind used in metallurgy or in metal foundrieses skyrocketed to $18M in 2022. Overall, imports, however, continue to indicate a abrupt setback. Over the period under review, imports of reached the peak figure at $34M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan18.219.57.98.3-23.0%
China8.63.15.07.3-5.3%
Taiwan (Chinese)1.31.80.91.42.5%
Germany4.84.00.9N/A-56.7%
Others0.90.40.21.03.6%
Total33.928.814.918.0-19.0%

Top Suppliers of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries to Thailand in 2022:

  1. China (1231.0 units)
  2. Japan (107.0 units)
  3. Taiwan (Chinese) (23.0 units)
  4. Germany (1.0 units)

Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand

Exports of casting machines; of a kind used in metallurgy or in metal foundrieses from Thailand surged to 111 units in 2022, with an increase of 136% compared with 2021 figures. Overall, exports saw moderate growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of casting machines; of a kind used in metallurgy or in metal foundrieses skyrocketed to $2.7M in 2022. Over the period under review, exports, however, showed a deep reduction. The exports peaked at $3.3M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India1,1713476701,5118.9%
ChinaN/A5.1107356735.5%
Malaysia14222410327424.5%
Philippines13413525924522.3%
Vietnam1,189235N/A137-51.3%
United Arab EmiratesN/AN/AN/A97.60%
South Korea13.59.319.156.861.4%
Japan56.21.71.4N/A-84.2%
Singapore291N/AN/AN/A0%
Myanmar38.43.119.4N/A-28.9%
Others22987.211932.0-48.1%
Total3,2641,0481,2972,710-6.0%

Top Export Markets for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries from Thailand in 2022:

  1. India (52.0 units)
  2. United Arab Emirates (27.0 units)
  3. China (9.0 units)
  4. Philippines (5.0 units)
  5. Malaysia (4.0 units)
  6. Vietnam (4.0 units)
  7. South Korea (3.0 units)
  8. Japan (1.0 units)

Source: IndexBox Market Intelligence Platform

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