Thailand - Refrigerating And Freezing Equipment And Heat Pumps (Except Household Type Equipment) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCommercial Refrigeration Equipment Price in Thailand - 2023
Contents:
- Commercial Refrigeration Equipment Price in Thailand (CIF) - 2022
- Commercial Refrigeration Equipment Price in Thailand (FOB) - 2022
- Commercial Refrigeration Equipment Imports in Thailand
- Commercial Refrigeration Equipment Exports in Thailand
Commercial Refrigeration Equipment Price in Thailand (CIF) - 2022
The average commercial refrigeration equipment import price stood at $220 per unit in 2022, declining by -25.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 43% against the previous year. The import price peaked at $305 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,697 per unit), while the price for Vietnam ($112 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Commercial Refrigeration Equipment Price in Thailand (FOB) - 2022
In 2022, the average commercial refrigeration equipment export price amounted to $289 per unit, shrinking by -18.4% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of 26% against the previous year. Over the period under review, the average export prices hit record highs at $455 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
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 Australia ($970 per unit), while the average price for exports to India ($83 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 Australia (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.
Commercial Refrigeration Equipment Imports in Thailand
Commercial refrigeration equipment imports into Thailand soared to 943K units in 2022, with an increase of 45% on the previous year's figure. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, commercial refrigeration equipment imports expanded markedly to $208M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 10%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
Import of Commercial Refrigeration Equipment in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 90.5 | 101 | 117 | 143 | 16.5% |
Japan | 8.1 | 9.8 | 13.1 | 8.7 | 2.4% |
Italy | 4.0 | 3.9 | 4.4 | 8.5 | 28.6% |
India | 13.6 | 15.3 | 15.3 | 7.7 | -17.3% |
United States | 11.8 | 10.1 | 7.8 | 7.6 | -13.6% |
Vietnam | 1.2 | 0.3 | 1.7 | 6.2 | 72.9% |
Sweden | 6.7 | 4.5 | 7.7 | 5.1 | -8.7% |
Malaysia | 8.2 | 6.7 | 5.9 | 5.0 | -15.2% |
South Korea | 4.4 | 1.9 | 4.1 | 3.0 | -12.0% |
Others | 18.9 | 20.2 | 13.7 | 13.3 | -11.1% |
Total | 168 | 174 | 191 | 208 | 7.4% |
Top Suppliers of Commercial Refrigeration Equipment to Thailand in 2022:
- China (733.2K units)
- Japan (65.4K units)
- Vietnam (55.5K units)
- Italy (17.8K units)
- India (14.7K units)
- Sweden (10.4K units)
- United States (9.2K units)
- South Korea (7.1K units)
- Malaysia (5.2K units)
Commercial Refrigeration Equipment Exports in Thailand
In 2022, the amount of refrigerating and freezing equipment and heat pumps (except household type equipment) exported from Thailand skyrocketed to 587K units, picking up by 29% on 2021 figures. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, commercial refrigeration equipment exports rose markedly to $170M in 2022. Over the period under review, exports, however, showed a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at $176M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Commercial Refrigeration Equipment in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 27.1 | 20.2 | 57.4 | 56.5 | 27.7% |
Indonesia | 14.6 | 15.7 | 17.2 | 13.4 | -2.8% |
Cambodia | 9.6 | 6.7 | 6.6 | 9.0 | -2.1% |
Japan | 11.0 | 8.6 | 7.9 | 9.0 | -6.5% |
Vietnam | 10.3 | 11.6 | 6.1 | 8.4 | -6.6% |
Philippines | 8.6 | 6.3 | 7.4 | 6.9 | -7.1% |
India | 1.2 | 0.8 | 0.6 | 6.0 | 71.0% |
Malaysia | 5.4 | 3.8 | 3.0 | 4.8 | -3.9% |
Australia | 21.9 | 10.6 | 4.1 | 3.9 | -43.7% |
Germany | 4.0 | 3.1 | 3.1 | 3.9 | -0.8% |
Myanmar | 1.4 | 4.1 | 8.7 | 2.7 | 24.5% |
France | 11.6 | 12.5 | 4.0 | 2.4 | -40.9% |
China | 2.4 | 2.0 | 1.8 | 1.8 | -9.1% |
Others | 46.6 | 33.8 | 33.6 | 41.0 | -4.2% |
Total | 176 | 140 | 162 | 170 | -1.1% |
Top Export Markets for Commercial Refrigeration Equipment from Thailand in 2022:
- United States (233.3K units)
- India (71.3K units)
- Vietnam (38.1K units)
- Philippines (29.4K units)
- Japan (28.0K units)
- Indonesia (20.8K units)
- Cambodia (17.8K units)
- China (16.7K units)
- Malaysia (14.1K units)
- Myanmar (11.0K units)
- Germany (9.4K units)
- France (4.2K units)
- Australia (4.1K units)
This report provides an in-depth analysis of the commercial refrigeration equipment 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 28251333 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator for frozen food storage
- Prodcom 28251335 - Refrigerated show-cases and counters incorporating a refrigerating unit or evaporator (excluding for frozen food storage)
- Prodcom 28251340 -
- Prodcom 28251350 -
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251390 - Other refrigerating or freezing equipment
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.
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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
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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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