Report Update: May 1, 2024

Thailand - Radiators for Central Heating (not Electrically Heated) - Market Analysis, Forecast, Size, Trends And Insights

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Radiator Price in Thailand - 2023

Radiator Price in Thailand (CIF) - 2022

The average radiator import price stood at $7,946 per ton in 2021, falling by -26% against the previous year. Over the period under review, the import price showed a abrupt decline. The growth pace was the most rapid in 2020 an increase of 144% against the previous year. Over the period under review, average import prices hit record highs at $33,086 per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($21,937 per ton), while the price for Taiwan (Chinese) ($7,049 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+3.4%), while the prices for the other major suppliers experienced a decline.

Radiator Price in Thailand (FOB) - 2022

The average radiator export price stood at $4,461 per ton in 2021, increasing by 3.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 1,216% against the previous year. As a result, the export price reached the peak level of $64,597 per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($30,383 per ton), while the average price for exports to Japan ($2,700 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.9%), while the prices for the other major destinations experienced a decline.

Radiator Imports in Thailand

Radiator imports into Thailand fell to 475 tons in 2022, leveling off at 2021 figures. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 97%.

In value terms, radiator imports surged to $4.4M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.1% 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 +73.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Import of Radiator in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
China	149	896	2,421	303.1%
Taiwan (Chinese)	68.0	169	280	102.9%
Malaysia	329	259	273	-8.9%
United States	168	376	239	19.3%
Japan	366	158	156	-34.7%
Hong Kong SAR	1,316	397	75.5	-76.0%
Others	119	347	340	69.0%
Total	2,515	2,603	3,784	22.7%

Top Suppliers of Radiator to Thailand in 2022:

China (309.0 tons)
Taiwan (Chinese) (39.7 tons)
United States (31.1 tons)
Malaysia (19.2 tons)
Hong Kong SAR (8.5 tons)
Japan (7.1 tons)

Radiator Exports in Thailand

For the third year in a row, Thailand recorded decline in overseas shipments of radiators for central heating (not electrically heated), which decreased by -28.4% to 40 tons in 2022. In general, exports continue to indicate a sharp downturn.

In value terms, radiator exports declined markedly to $169K in 2022. Over the period under review, exports faced a precipitous descent. The smallest decline of -8.4% was in 2020.

Export of Radiator in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Japan	238	218	141	-23.0%
Malaysia	0.8	96.8	27.0	480.9%
Cambodia	N/A	3.4	12.8	276.5%
United Kingdom	N/A	N/A	8.8	0%
Lao People's Democratic Republic	29.4	26.3	1.9	-74.6%
Indonesia	79.4	0.2	1.1	-88.2%
Others	78.0	44.8	54.6	-16.3%
Total	425	390	248	-23.6%

Top Export Markets for Radiator from Thailand in 2022:

Japan (52.4 tons)
United Kingdom (1.8 tons)
Cambodia (1.1 tons)
Malaysia (0.9 tons)
Lao People's Democratic Republic (0.4 tons)
Indonesia (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for non-electric central heating radiator 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 25211100 - Radiators for central heating, not electrically heated, and parts thereof, of iron or steel

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023