Thailand - Combined Refrigerators-Freezers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCombined Refrigerator-Freezer Price in Thailand - 2023
Contents:
- Combined Refrigerator-Freezer Price in Thailand (FOB) - 2023
- Combined Refrigerator-Freezer Price in Thailand (CIF) - 2023
- Combined Refrigerator-Freezer Exports in Thailand
- Combined Refrigerator-Freezer Imports in Thailand
Combined Refrigerator-Freezer Price in Thailand (FOB) - 2023
In September 2023, the average combined refrigerator-freezer export price amounted to $311 per unit, growing by 6.2% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 16% month-to-month. Over the period under review, the average export prices hit record highs in September 2023.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Iraq ($459 per unit), while the average price for exports to the Philippines ($179 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Combined Refrigerator-Freezer Price in Thailand (CIF) - 2023
In September 2023, the average combined refrigerator-freezer import price amounted to $174 per unit, approximately mirroring the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average import price increased by 64% month-to-month. As a result, import price attained the peak level of $329 per unit. From December 2022 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was China ($184 per unit), while the price for Indonesia ($134 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Combined Refrigerator-Freezer Exports in Thailand
In 2022, shipments abroad of combined refrigerators-freezers decreased by -9.4% to 8.8M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 202%. Over the period under review, the exports hit record highs at 9.7M units in 2021, and then reduced in the following year.
In value terms, combined refrigerator-freezer exports shrank markedly to $1B in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 29%. The exports peaked at $1.3B in 2021, and then declined sharply in the following year.
| Export of Combined Refrigerator-Freezer in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 149 | 162 | 136 | 167 | 3.9% |
| Japan | 45.5 | 125 | 139 | 138 | 44.8% |
| India | 52.8 | 49.2 | 73.1 | 71.6 | 10.7% |
| United Arab Emirates | 1.8 | 46.4 | 77.2 | 70.5 | 239.6% |
| Malaysia | 49.8 | 58.9 | 61.5 | 63.1 | 8.2% |
| Philippines | 25.2 | 23.3 | 32.6 | 45.5 | 21.8% |
| United States | 105 | 131 | 113 | 41.8 | -26.4% |
| Australia | 74.5 | 72.3 | 71.1 | 35.7 | -21.7% |
| South Korea | 28.5 | 31.5 | 42.0 | 33.9 | 6.0% |
| Israel | 19.9 | 23.6 | 30.9 | 31.3 | 16.3% |
| Indonesia | 22.2 | 29.4 | 24.0 | 24.4 | 3.2% |
| Cambodia | 18.6 | 23.2 | 26.4 | 24.0 | 8.9% |
| Brazil | 20.9 | 22.2 | 26.1 | 20.3 | -1.0% |
| Others | 276 | 351 | 401 | 234 | -5.4% |
| Total | 890 | 1,150 | 1,253 | 1,002 | 4.0% |
Top Export Markets for Combined Refrigerator-Freezer from Thailand in 2022:
- Vietnam (1622.2K units)
- Japan (683.7K units)
- Malaysia (462.2K units)
- India (450.3K units)
- Philippines (436.9K units)
- United Arab Emirates (312.2K units)
- South Korea (290.6K units)
- United States (256.8K units)
- Australia (207.6K units)
- Cambodia (201.7K units)
- Brazil (167.8K units)
- Indonesia (147.4K units)
- Israel (142.0K units)
Combined Refrigerator-Freezer Imports in Thailand
After three years of growth, purchases abroad of combined refrigerators-freezers decreased by -19% to 320K units in 2022. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 167% against the previous year. Imports peaked at 395K units in 2021, and then shrank significantly in the following year.
In value terms, combined refrigerator-freezer imports reduced to $79M in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 63%. Imports peaked at $84M in 2021, and then fell in the following year.
| Import of Combined Refrigerator-Freezer in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.0 | 24.5 | 44.7 | 48.8 | 75.7% |
| Indonesia | 19.3 | 25.9 | 27.0 | 18.3 | -1.8% |
| Vietnam | 4.7 | 5.2 | 8.5 | 7.0 | 14.2% |
| Others | 3.8 | 4.3 | 4.0 | 4.5 | 5.8% |
| Total | 36.7 | 59.9 | 84.2 | 78.6 | 28.9% |
Top Suppliers of Combined Refrigerator-Freezer to Thailand in 2022:
- China (172.9K units)
- Indonesia (107.8K units)
- Vietnam (32.3K units)
This report provides an in-depth analysis of the combined refrigerator-freezer 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 27511110 - Combined refrigerators-freezers, with separate external doors
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.
-
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
-
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
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