Thailand - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInterchangeable Spanner Socket Price in Thailand - 2023
Contents:
- Interchangeable Spanner Socket Price in Thailand (CIF) - 2023
- Interchangeable Spanner Socket Price in Thailand (FOB) - 2022
- Interchangeable Spanner Socket Imports in Thailand
- Interchangeable Spanner Socket Exports in Thailand
Interchangeable Spanner Socket Price in Thailand (CIF) - 2023
The average interchangeable spanner socket import price stood at $7,056 per ton in September 2023, jumping by 61% against the previous month. Overall, the import price recorded a temperate expansion. The growth pace was the most rapid in February 2023 when the average import price increased by 115% m-o-m. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($25,972 per ton), while the price for China ($1,849 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), while the prices for the other major suppliers experienced a decline.
Interchangeable Spanner Socket Price in Thailand (FOB) - 2022
The average interchangeable spanner socket export price stood at $17,269 per ton in 2022, with an increase of 45% against the previous year. Over the period under review, the export price, however, saw a pronounced decrease. The export price peaked at $22,701 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($53,769 per ton), while the average price for exports to the Philippines ($7,339 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 Myanmar (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Interchangeable Spanner Socket Imports in Thailand
For the fourth consecutive year, Thailand recorded growth in purchases abroad of interchangeable spanner sockets, which increased by 2.4% to 1.9K tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 66%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, interchangeable spanner socket imports totaled $8.6M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 7.7% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
Import of Interchangeable Spanner Socket in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.7 | 3.0 | 3.0 | 3.1 | 4.7% |
Taiwan (Chinese) | 1.9 | 1.9 | 2.1 | 2.8 | 13.8% |
Japan | 1.5 | 1.2 | 1.1 | 1.2 | -7.2% |
Others | 2.0 | 1.9 | 2.3 | 1.5 | -9.1% |
Total | 8.2 | 7.9 | 8.5 | 8.6 | 1.6% |
Top Suppliers of Interchangeable Spanner Socket to Thailand in 2022:
- China (1458.0 tons)
- Taiwan (Chinese) (340.1 tons)
- Japan (65.2 tons)
Interchangeable Spanner Socket Exports in Thailand
In 2022, after three years of growth, there was significant decline in overseas shipments of interchangeable spanner sockets, when their volume decreased by -58.5% to 54 tons. In general, exports, however, enjoyed tangible growth. The pace of growth was the most pronounced in 2020 when exports increased by 69%.
In value terms, interchangeable spanner socket exports contracted significantly to $938K in 2022. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 49%. As a result, the exports reached the peak of $1.6M, and then fell significantly in the following year.
Export of Interchangeable Spanner Socket in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lao People's Democratic Republic | 97.1 | 225 | 152 | 209 | 29.1% |
Myanmar | 15.5 | 424 | 789 | 204 | 136.1% |
Singapore | 11.2 | 210 | 100 | 137 | 130.4% |
Australia | 19.2 | 2.3 | 190 | 87.3 | 65.7% |
Malaysia | 24.6 | 29.5 | 32.4 | 63.1 | 36.9% |
Cambodia | 23.3 | 14.6 | 15.5 | 42.2 | 21.9% |
Philippines | 43.6 | 15.2 | 16.5 | 37.8 | -4.6% |
Japan | 498 | 18.0 | 5.6 | 4.2 | -79.6% |
China | 49.4 | 1.7 | 95.8 | 0.4 | -79.9% |
Others | 316 | 110 | 166 | 153 | -21.5% |
Total | 1,098 | 1,051 | 1,563 | 938 | -5.1% |
Top Export Markets for Interchangeable Spanner Socket from Thailand in 2022:
- China (undefined tons)
- Lao People's Democratic Republic (12.3 tons)
- Myanmar (12.2 tons)
- Singapore (9.3 tons)
- Philippines (5.2 tons)
- Australia (3.5 tons)
- Malaysia (3.2 tons)
- Cambodia (2.3 tons)
- Japan (0.1 tons)
This report provides an in-depth analysis of the interchangeable spanner socket 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 25733037 - Interchangeable spanner sockets
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
This report provides an in-depth analysis of the interchangeable spanner socket market in Thailand.
This report provides an in-depth analysis of the hand tools market in Thailand.
This report provides an in-depth analysis of the manifold business form market in Thailand.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
This report provides an in-depth analysis of the global hand tools market.
This report provides an in-depth analysis of the global manifold business form market.
This report provides an in-depth analysis of the interchangeable spanner socket market in Thailand.
This report provides an in-depth analysis of the global interchangeable spanner socket market.
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