Thailand - Household Refrigerators And Freezers (Not Combined) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNon-Combined Refrigerator-Freezer Price in Thailand - 2023
Contents:
- Non-Combined Refrigerator-Freezer Price in Thailand (FOB) - 2022
- Non-Combined Refrigerator-Freezer Price in Thailand (CIF) - 2023
- Non-Combined Refrigerator-Freezer Exports in Thailand
- Non-Combined Refrigerator-Freezer Imports in Thailand
Non-Combined Refrigerator-Freezer Price in Thailand (FOB) - 2022
In 2022, the average non-combined refrigerator-freezer export price amounted to $239 per unit, picking up by 9.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 34%. Over the period under review, the average export prices reached the maximum at $305 per unit in 2018; however, from 2019 to 2022, the export prices remained at a 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 Canada ($416 per unit), while the average price for exports to India ($131 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 (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Combined Refrigerator-Freezer Price in Thailand (CIF) - 2023
In July 2023, the average non-combined refrigerator-freezer import price amounted to $108 per unit, reducing by -10% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 63% against the previous month. Over the period under review, average import prices attained the peak figure at $169 per unit in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Indonesia ($74.7 per unit), while the price for China totaled $65.3 per unit.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+0.7%).
Non-Combined Refrigerator-Freezer Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas shipments of household refrigerators and freezers (not combined), which increased by 2.6% to 3.7M units in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 +58.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, non-combined refrigerator-freezer exports expanded markedly to $891M in 2022. The total export value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
Export of Non-Combined Refrigerator-Freezer in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 39.6 | 163 | 302 | 357 | 108.1% |
Japan | 202 | 194 | 177 | 176 | -4.5% |
Australia | 81.4 | 104 | 90.8 | 133 | 17.8% |
Canada | 6.3 | 15.5 | 22.8 | 40.5 | 85.9% |
Vietnam | 46.4 | 29.6 | 21.6 | 26.7 | -16.8% |
Taiwan (Chinese) | 15.8 | 18.6 | 23.9 | 21.3 | 10.5% |
Malaysia | 25.1 | 28.5 | 21.4 | 19.0 | -8.9% |
New Zealand | 7.2 | 8.4 | 5.7 | 15.1 | 28.0% |
India | 15.0 | 12.8 | 9.7 | 12.8 | -5.1% |
Hong Kong SAR | 21.3 | 12.9 | 11.0 | 9.3 | -24.1% |
Philippines | 17.0 | 14.6 | 7.9 | 6.6 | -27.0% |
Saudi Arabia | 21.6 | 18.8 | 34.1 | 4.8 | -39.4% |
United Arab Emirates | 37.9 | 2.5 | 3.6 | 4.1 | -52.4% |
Others | 93.1 | 54.8 | 62.3 | 64.6 | -11.5% |
Total | 629 | 678 | 795 | 891 | 12.3% |
Top Export Markets for Non-Combined Refrigerator-Freezer from Thailand in 2022:
- United States (1517.9K units)
- Japan (800.0K units)
- Australia (396.9K units)
- Taiwan (Chinese) (122.5K units)
- Vietnam (110.5K units)
- Malaysia (104.9K units)
- Canada (97.3K units)
- India (97.2K units)
- New Zealand (84.8K units)
- Hong Kong SAR (42.4K units)
- Philippines (35.7K units)
- Saudi Arabia (20.5K units)
- United Arab Emirates (17.5K units)
Non-Combined Refrigerator-Freezer Imports in Thailand
In 2022, supplies from abroad of household refrigerators and freezers (not combined) decreased by -15.8% to 426K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 96%. Over the period under review, imports hit record highs at 506K units in 2021, and then fell remarkably in the following year.
In value terms, non-combined refrigerator-freezer imports shrank to $63M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.6% 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 +84.5% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 60%. Imports peaked at $69M in 2021, and then declined in the following year.
Import of Non-Combined Refrigerator-Freezer in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 23.2 | 44.2 | 56.2 | 52.6 | 31.4% |
Malaysia | 3.6 | 2.8 | 4.4 | 4.8 | 10.1% |
Indonesia | 0.4 | 0.4 | 1.6 | 1.1 | 40.1% |
Others | 6.8 | 7.0 | 6.4 | 4.1 | -15.5% |
Total | 33.9 | 54.4 | 68.6 | 62.6 | 22.7% |
Top Suppliers of Non-Combined Refrigerator-Freezer to Thailand in 2022:
- China (392.4K units)
- Malaysia (14.4K units)
- Indonesia (12.2K units)
This report provides an in-depth analysis of the non-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 27511133 - Household-type refrigerators (including compression-type, e lectrical absorption-type) (excluding built-in)
- Prodcom 27511135 - Compression-type built-in refrigerators
- Prodcom 27511150 - Chest freezers of a capacity . .800 litres
- Prodcom 27511170 - Upright freezers of a capacity . .900 litres
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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