From January to June 2021, the trade volume between China and Thailand was US$62.59 billion, a year-on-year increase of 38.2%. Among them, China's exports to Thailand were US$32.45 billion and imports from Thailand were US$30.14 billion, up 42.7% and 33.7% year-on-year respectively.
From January to June 2021, the value of newly signed engineering contracts by Chinese companies in Thailand was US$1.73 billion, a year-on-year increase of 7.0%; the completed turnover was US$1.41 billion, a year-on-year increase of 16.1%.
The trade between China and Thailand has always maintained a good growth. From the data point of view, 2021 is a year of explosive growth, and the progress of China's engineering projects in Thailand also has a surprising performance. Dongqi Crane exported a total of 9 crane orders to Thailand in 2021, involving different types of cranes. As an indispensable equipment in engineering projects, we believe that the crane market in Thailand will have a better performance in 2022. This article will analyze the trend of the Thai crane market in 2022 through the import and export data of overhead cranes in Thailand
Before we start discussing the aerial crane market in Thailand, we have a few small questions that need to be answered first. Let’s take a look
The Thailand Overhead Crane Market expanded significantly to USD X in 2020, an increase of X% over the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). In general, consumption expanded elastically. The rate of growth was most pronounced in 2010, when the market value increased by X% year over year. During the period under review, the market peaked at $X in 2018; however, from 2019 to 2020, consumption has remained low.
In 2020, the number of fixed-support overhead cranes exported from Thailand was X, the same as in 2019. Overall, exports fell sharply. The fastest growth rate in 2013, an increase of X% year-on-year. As a result, exports peaked at X units. From 2014 to 2020, export growth remained low.
In value terms, 2020 overhead crane exports fell to X dollars. During the period under review, exports fell sharply. The growth rate was most pronounced in 2013, with a year-on-year increase of X%. As a result, exports peaked at X dollars. From 2014 to 2020, the growth rate of exports remained at a low level.
Lao People's Democratic Republic (X units), Vietnam (X units) and Australia (X units) were the main destinations for Thailand's overhead crane exports, together accounting for X% of total exports.
From 2007 to 2020, the Lao People's Democratic Republic saw the largest increase in shipments, while other leaders saw declines in shipments.
By value, the Lao People's Democratic Republic ($X), Australia ($X) and Vietnam ($X) constitute the world's largest markets for overhead crane exports from Thailand.
During the period under review, Vietnam had the highest export value growth rate among major destination countries, while exports from other countries declined.
In 2020, approximately X fixed-support overhead cranes were imported into Thailand; an increase of X% over the previous year. Overall, imports showed strong growth. The most significant growth rate occurred in 2018, which was an X% increase compared to the previous year. As a result, imports peaked at X units. Import growth failed to regain momentum in 2019-20.
In value terms, bridge crane imports surged significantly to $X in 2020. During the period under review, imports grew strongly. In 2010, the growth rate was the fastest, with imports increasing by X% year-on-year. During the period under review, imports reached a maximum value of X dollars in 2018; however, from 2019 to 2020, imports decreased slightly.
In 2020, China (X units) was the largest supplier of overhead cranes in Thailand, accounting for X% of total imports. In addition, overhead cranes imported from China were six times higher than the number recorded by the second largest supplier, the UK (X units). In third place in this ranking is Finland (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of sales from China is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: United Kingdom (+X% per annum) and Finland (+X% per annum). China (USD X) is Thailand's largest supplier of overhead cranes by value, accounting for X% of total imports. In second place is Finland ($X) with X% of total imports. It is followed by the UK with an X% share.
From 2007 to 2020, the average annual growth rate of value from China is +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Finland (+X% per annum) and the United Kingdom (+X% per annum).
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