Thailand: Food Sorting Machine Market 2024

Food Sorting Machine Market Size in Thailand

In 2022, the Thai food sorting machine market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption showed a prominent expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Food Sorting Machine Exports

Exports from Thailand

In 2022, overseas shipments of machines for cleaning, sorting or grading eggs and fruit were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, food sorting machine exports surged to $X in 2022. Over the period under review, exports, however, recorded a mild setback. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for food sorting machine exports from Thailand, with a X% share of total exports. Moreover, food sorting machine exports to China exceeded the volume sent to the second major destination, Germany (X units), threefold. The third position in this ranking was taken by South Korea (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, the largest markets for food sorting machine exported from Thailand were China ($X), Vietnam ($X) and South Korea ($X), with a combined X% share of total exports. Chile, Tanzania, Germany, Myanmar, Singapore, Lao People's Democratic Republic and Kenya lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Tanzania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average food sorting machine export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, recorded a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Kenya ($X 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 Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Food Sorting Machine Imports

Imports into Thailand

In 2022, supplies from abroad of machines for cleaning, sorting or grading eggs and fruit increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, food sorting machine imports skyrocketed to $X in 2022. Overall, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest food sorting machine supplier to Thailand, with a X% share of total imports. Moreover, food sorting machine imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Slovakia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Slovakia (X% per year).

In value terms, China ($X) constituted the largest supplier of machines for cleaning, sorting or grading eggs and fruit to Thailand, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and South Korea (X% per year).

Import Prices by Country

The average food sorting machine import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price saw a deep downturn. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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