Thailand: Container Market 2024

Container Market Size in Thailand

The Thai container market rose slightly to $X in 2023, surging by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Container consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Container Production in Thailand

In value terms, container production rose slightly to $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Container Exports

Exports from Thailand

In 2023, overseas shipments of tanks, casks, drums, cans, boxes and similar containers decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, container exports declined rapidly to $X in 2023. Overall, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Myanmar (X units), Vietnam (X units) and Lao People's Democratic Republic (X units) were the main destinations of container exports from Thailand, with a combined X% share of total exports. Cambodia, Japan, Indonesia, China, South Africa, the Philippines, Poland, the United States, Malaysia and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and Cambodia ($X) appeared to be the largest markets for container exported from Thailand worldwide, with a combined X% share of total exports. Lao People's Democratic Republic, Indonesia, Myanmar, the United States, the Philippines, China, South Africa, Malaysia, Poland and Singapore lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Poland, with a CAGR of X%, saw the highest growth rate of 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 container export price stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the export price saw a pronounced decline. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Myanmar (less than $X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into Thailand

In 2023, supplies from abroad of tanks, casks, drums, cans, boxes and similar containers decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, container imports shrank notably to $X in 2023. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Malaysia (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of container imports to Thailand, with a combined X% share of total imports. Vietnam, Japan, Singapore, Germany, the Netherlands, South Korea, the United States, Belgium and the Philippines lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Singapore (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest container suppliers to Thailand were Malaysia ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average container import price stood at $X per unit in 2023, reducing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2022, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform