Thailand - HVAC Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHVAC Equipment Price in Thailand - 2023
Contents:
- HVAC Equipment Price in Thailand (FOB) - 2022
- HVAC Equipment Price in Thailand (CIF) - 2022
- HVAC Equipment Exports in Thailand
- HVAC Equipment Imports in Thailand
HVAC Equipment Price in Thailand (FOB) - 2022
The average HVAC equipment export price stood at $151 per unit in 2022, declining by -10.8% against the previous year. Over the period under review, the export price saw a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price increased by 12%. The export price peaked at $391 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($344 per unit), while the average price for exports to Portugal ($23 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 (-1.0%), while the prices for the other major destinations experienced a decline.
HVAC Equipment Price in Thailand (CIF) - 2022
The average HVAC equipment import price stood at $12 per unit in 2022, with an increase of 4.5% against the previous year. Overall, the import price, however, saw a noticeable setback. The pace of growth was the most pronounced in 2014 an increase of 36%. As a result, import price attained the peak level of $21 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($848 per unit), while the price for Switzerland ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+54.4%), while the prices for the other major suppliers experienced mixed trend patterns.
HVAC Equipment Exports in Thailand
In 2022, the amount of HVAC equipment exported from Thailand surged to 89M units, jumping by 24% on the previous year's figure. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 55%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, HVAC equipment exports totaled $13.4B in 2022. The total export value increased at an average annual rate of +12.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 23%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
Export of HVAC Equipment in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 354 | 608 | 1,072 | 1,399 | 58.1% |
Australia | 440 | 582 | 659 | 663 | 14.6% |
Vietnam | 518 | 542 | 472 | 468 | -3.3% |
Taiwan (Chinese) | 212 | 271 | 289 | 319 | 14.6% |
India | 287 | 224 | 284 | 298 | 1.3% |
Japan | 286 | 267 | 240 | 242 | -5.4% |
Indonesia | 248 | 182 | 211 | 200 | -6.9% |
Germany | 174 | 188 | 209 | 191 | 3.2% |
South Korea | 152 | 103 | 103 | 128 | -5.6% |
China | 54.3 | 54.2 | 95.6 | 116 | 28.8% |
Hong Kong SAR | 85.3 | 74.1 | 88.5 | 84.3 | -0.4% |
Portugal | 33.2 | 30.5 | 37.2 | 41.3 | 7.5% |
Mexico | 13.4 | 14.3 | 26.9 | 33.3 | 35.5% |
Others | 6,703 | 6,741 | 8,333 | 9,262 | 11.4% |
Total | 9,561 | 9,881 | 12,120 | 13,445 | 12.0% |
Top Export Markets for HVAC Equipment from Thailand in 2022:
- United States (10.6M units)
- China (3.5M units)
- Vietnam (2.8M units)
- Germany (2.1M units)
- Australia (1.9M units)
- Portugal (1.8M units)
- India (1.6M units)
- Mexico (1.4M units)
- Japan (1.4M units)
- Taiwan (Chinese) (1.3M units)
- Indonesia (1.3M units)
- Hong Kong SAR (1.3M units)
- South Korea (1.1M units)
HVAC Equipment Imports in Thailand
After three years of growth, overseas purchases of HVAC equipment decreased by -15.6% to 100M units in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year. Imports peaked at 118M units in 2021, and then reduced notably in the following year.
In value terms, HVAC equipment imports declined to $1.2B in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of $1.4B, and then declined in the following year.
Import of HVAC Equipment in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 212 | 299 | 337 | 287 | 10.6% |
Japan | 49.6 | 49.3 | 36.2 | 38.4 | -8.2% |
Switzerland | 13.1 | 17.8 | 17.3 | 15.5 | 5.8% |
Taiwan (Chinese) | 6.2 | 7.6 | 6.0 | 5.6 | -3.3% |
Others | 826 | 815 | 985 | 872 | 1.8% |
Total | 1,107 | 1,189 | 1,382 | 1,218 | 3.2% |
Top Suppliers of HVAC Equipment to Thailand in 2022:
- China (37.3M units)
- Switzerland (5.6M units)
- Japan (2.6M units)
- Taiwan (Chinese) (0.8M units)
This report provides an in-depth analysis of the hvac 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 28252030 - Axial fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output . .125 W)
- Prodcom 28252050 - Centrifugal fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output. .125 W)
- Prodcom 28252070 - Fans (excluding table, floor, wall, ceiling or roof fans with a self-contained electric motor of an output . .125 W, axial fans, c entrifugal fans)
- Prodcom 28251220 - Window or wall air conditioning systems, self-contained or split-systems
- Prodcom 28251250 - Air conditioning machines with refrigeration unit (excluding those used in motor vehicles, self-contained or split-systems machines)
- Prodcom 28251270 - Air conditioning machines not containing a refrigeration unit, c entral station air handling units, vav boxes and terminals, c onstant volume units and fan coil units
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251130 - Heat exchange units
- Prodcom 27512630 - Electric storage heating radiators
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
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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