Price for Non-Furniture Refrigerating or Freezing Equipment in Thailand - 2023
Contents:
- Price for Non-Furniture Refrigerating or Freezing Equipment in Thailand (CIF) - 2022
- Price for Non-Furniture Refrigerating or Freezing Equipment in Thailand (FOB) - 2022
- Imports of Non-Furniture Refrigerating or Freezing Equipment in Thailand
- Exports of Non-Furniture Refrigerating or Freezing Equipment in Thailand
Price for Non-Furniture Refrigerating or Freezing Equipment in Thailand (CIF) - 2022
In 2022, the average import price for non-furniture refrigerating or freezing equipment amounted to $161 per unit, dropping by -21% against the previous year. Over the period under review, the import price continues to indicate a perceptible decline. The growth pace was the most rapid in 2020 when the average import price increased by 140% against the previous year. As a result, import price attained the peak level of $512 per unit. From 2021 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($2,452 per unit), while the price for Vietnam ($107 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+28.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Furniture Refrigerating or Freezing Equipment in Thailand (FOB) - 2022
The average export price for non-furniture refrigerating or freezing equipment stood at $126 per unit in 2022, dropping by -3.2% against the previous year. In general, the export price saw a perceptible decrease. The growth pace was the most rapid in 2019 when the average export price increased by 61%. As a result, the export price attained the peak level of $227 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($793 per unit), while the average price for exports to India ($74 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 (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Non-Furniture Refrigerating or Freezing Equipment in Thailand
Non-furniture refrigerating or freezing equipment imports into Thailand soared to 967K units in 2022, with an increase of 43% against the year before. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 163% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, non-furniture refrigerating or freezing equipment imports totaled $156M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Non-Furniture Refrigerating or Freezing Equipment in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 75.0 | 82.0 | 85.2 | 104 | 11.5% |
Japan | 6.9 | 8.4 | 11.1 | 7.6 | 3.3% |
Italy | 3.3 | 2.4 | 4.1 | 7.5 | 31.5% |
United States | 11.6 | 9.7 | 7.5 | 7.1 | -15.1% |
Vietnam | 1.2 | 0.3 | 1.6 | 6.1 | 71.9% |
Sweden | 6.7 | 4.5 | 7.7 | 5.1 | -8.7% |
Others | 26.1 | 24.4 | 20.9 | 18.1 | -11.5% |
Total | 131 | 132 | 138 | 156 | 6.0% |
Top Suppliers of Non-Furniture Refrigerating or Freezing Equipment to Thailand in 2022:
- China (656.9K units)
- Japan (66.4K units)
- Vietnam (57.3K units)
- Italy (17.7K units)
- Sweden (10.7K units)
- United States (8.9K units)
Exports of Non-Furniture Refrigerating or Freezing Equipment in Thailand
Non-furniture refrigerating or freezing equipment exports from Thailand rose markedly to 444K units in 2022, growing by 12% on the previous year's figure. The total export volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 29%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, non-furniture refrigerating or freezing equipment exports rose significantly to $56M in 2022. Overall, exports, however, recorded a abrupt descent. The exports peaked at $85M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Non-Furniture Refrigerating or Freezing Equipment in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 24.7 | 8.0 | 13.5 | 14.5 | -16.3% |
Indonesia | 7.7 | 8.7 | 7.6 | 6.4 | -6.0% |
India | 0.3 | 0.3 | 0.2 | 5.4 | 162.1% |
Japan | 6.7 | 4.1 | 2.3 | 5.0 | -9.3% |
Malaysia | 2.3 | 1.8 | 1.7 | 3.2 | 11.6% |
Vietnam | 2.1 | 5.8 | 3.4 | 3.1 | 13.9% |
Philippines | 2.9 | 2.5 | 3.6 | 2.5 | -4.8% |
Myanmar | 0.6 | 2.5 | 8.0 | 2.0 | 49.4% |
Cambodia | 4.6 | 1.9 | 1.0 | 1.5 | -31.2% |
China | 2.2 | 1.9 | 1.8 | 1.5 | -12.0% |
Lao People's Democratic Republic | 1.6 | 1.6 | 1.2 | 1.3 | -6.7% |
Australia | 19.3 | 6.5 | 0.7 | 1.0 | -62.7% |
Others | 10.3 | 7.4 | 6.6 | 8.6 | -5.8% |
Total | 85.2 | 53.0 | 51.6 | 55.9 | -13.1% |
Top Export Markets for Non-Furniture Refrigerating or Freezing Equipment from Thailand in 2022:
- United States (158.7K units)
- India (73.4K units)
- Vietnam (27.2K units)
- Philippines (22.2K units)
- Japan (19.9K units)
- China (16.1K units)
- Indonesia (11.1K units)
- Malaysia (10.1K units)
- Myanmar (8.1K units)
- Lao People's Democratic Republic (6.9K units)
- Cambodia (1.5K units)
- Australia (1.2K units)
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