Updated Jan 12, 2023 03:15

Market for Ceramic Wares For Laboratory Or Technical Uses in Thailand

Market Overview
The Thai market for ceramic wares for laboratory or technical uses fell sharply to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to , consumption remained at a lower figure.

In value terms, production of ceramic wares for laboratory or technical uses contracted rapidly to $ in estimated in export price. In general, production recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of % against the previous year. Over the period under review, production of reached the maximum level at $ in 2008; however, from 2009 to , production failed to regain momentum.


Consumption
In , the amount of ceramic wares for laboratory or technical uses consumed in Thailand reduced sharply to tons, waning by -% on the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak volume of tons. From to , the growth of the consumption of failed to regain momentum.

The value of the market for ceramic wares for laboratory or technical uses in Thailand shrank significantly to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. Consumption of peaked at $ in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for ceramic wares for laboratory or technical uses in Thailand, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Ceramic wares for laboratory or technical uses market in Thailand remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.


Trade Balance
Thailand remains a net importer of ceramic wares for laboratory or technical uses; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of tons, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.