Malaysia - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Malaysia - 2021
Contents:
- Thermostat Price in Malaysia (FOB) - 2022
- Thermostat Price in Malaysia (CIF) - 2022
- Thermostat Exports in Malaysia
- Thermostat Imports in Malaysia
Thermostat Price in Malaysia (FOB) - 2022
In 2022, the average thermostat export price amounted to $21 per unit, with a decrease of -12.8% against the previous year. In general, the export price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 90%. The export price peaked at $27 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($63 per unit), while the average price for exports to Thailand ($1.2 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 the United States (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Price in Malaysia (CIF) - 2022
The average thermostat import price stood at $1.1 per unit in 2022, dropping by -17.7% against the previous year. Over the period under review, the import price showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 21%. As a result, import price attained the peak level of $2.8 per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($17 per unit), while the price for Thailand ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Thermostat Exports in Malaysia
In 2022, overseas shipments of thermostats decreased by -4.9% to 6.7M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 101%. The exports peaked at 7M units in 2021, and then declined in the following year.
In value terms, thermostat exports declined markedly to $141M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 156%. The exports peaked at $170M in 2021, and then reduced remarkably in the following year.
Export of Thermostat in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 10.6 | 80.8 | 143 | 113 | 120.1% |
Canada | 3.5 | 4.4 | 8.1 | 12.3 | 52.0% |
Singapore | 4.7 | 12.2 | 3.7 | 4.7 | 0.0% |
Indonesia | 6.5 | 3.4 | 4.1 | 3.1 | -21.9% |
China | 1.6 | 1.3 | 1.5 | 1.6 | 0.0% |
Thailand | 2.4 | 1.3 | 1.6 | 1.2 | -20.6% |
Hong Kong SAR | 2.1 | 1.9 | 1.1 | 0.4 | -42.5% |
Others | 12.5 | 7.0 | 7.5 | 5.1 | -25.8% |
Total | 43.9 | 112 | 170 | 141 | 47.5% |
Top Export Markets for Thermostat from Malaysia in 2022:
- United States (2771.3K units)
- Indonesia (1739.6K units)
- Thailand (951.2K units)
- Singapore (512.6K units)
- Canada (193.9K units)
- China (120.7K units)
- Hong Kong SAR (34.8K units)
Thermostat Imports in Malaysia
Thermostat imports into Malaysia amounted to 21M units in 2022, surging by 13% against 2021 figures. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 85% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, thermostat imports dropped to $24M in 2022. The total import value increased at an average annual rate of +10.9% 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 2020 with an increase of 26% against the previous year. Imports peaked at $26M in 2021, and then reduced in the following year.
Import of Thermostat in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.3 | 5.9 | 7.2 | 7.1 | 18.2% |
Thailand | 1.2 | 1.0 | 1.8 | 1.7 | 12.3% |
Japan | 1.7 | 2.4 | 2.6 | 1.7 | 0.0% |
Vietnam | 0.5 | 0.5 | 1.5 | 1.5 | 44.2% |
Others | 9.6 | 12.0 | 12.5 | 11.6 | 6.5% |
Total | 17.3 | 21.8 | 25.5 | 23.6 | 10.9% |
Top Suppliers of Thermostat to Malaysia in 2022:
- Thailand (16.6M units)
- Japan (2.5M units)
- Vietnam (0.6M units)
- China (0.4M units)
This report provides an in-depth analysis of the thermostat market in Malaysia. 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
Country coverage:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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
-
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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