Thailand - Thermostats - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThermostat Price in Thailand - 2023
Contents:
- Thermostat Price in Thailand (CIF) - 2023
- Thermostat Price in Thailand (FOB) - 2023
- Thermostat Imports in Thailand
- Thermostat Exports in Thailand
Thermostat Price in Thailand (CIF) - 2023
The average thermostat import price stood at $5.1 per unit in September 2023, falling by -17.4% against the previous month. In general, the import price recorded a pronounced shrinkage. The most prominent rate of growth was recorded in August 2023 an increase of 12% against the previous month. The import price peaked at $7.5 per unit in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($17.3 per unit), while the price for China ($3.2 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced a decline.
Thermostat Price in Thailand (FOB) - 2023
The average thermostat export price stood at $12.4 per unit in September 2023, reducing by -3.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The pace of growth appeared the most rapid in February 2023 an increase of 17% month-to-month. The export price peaked at $13.1 per unit in June 2023; however, from July 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United States ($42.1 per unit), while the average price for exports to Egypt ($5.6 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Thermostat Imports in Thailand
For the fourth year in a row, Thailand recorded growth in purchases abroad of thermostats, which increased by 1.9% to 5.4M units in 2022. The total import volume increased at an average annual rate of +12.1% 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 with an increase of 24% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, thermostat imports dropped to $36M in 2022. In general, imports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports attained the peak of $39M, and then dropped in the following year.
| Import of Thermostat in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.7 | 11.4 | 13.5 | 13.3 | -1.0% |
| China | 8.6 | 8.0 | 9.3 | 8.4 | -0.8% |
| Vietnam | 2.0 | 1.9 | 2.2 | 2.9 | 13.2% |
| South Korea | 0.5 | 1.4 | 1.7 | 1.8 | 53.3% |
| Germany | 1.6 | 1.3 | 1.6 | 1.3 | -6.7% |
| United States | 4.5 | 1.2 | 1.8 | 1.1 | -37.5% |
| Others | 7.6 | 6.4 | 9.2 | 7.5 | -0.4% |
| Total | 38.6 | 31.6 | 39.3 | 36.3 | -2.0% |
Top Suppliers of Thermostat to Thailand in 2022:
- Japan (2269.5K units)
- China (1842.0K units)
- Vietnam (506.3K units)
- South Korea (179.8K units)
- Germany (133.0K units)
- United States (64.1K units)
Thermostat Exports in Thailand
In 2022, overseas shipments of thermostats decreased by -26.9% to 2.7M units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 44% against the previous year. The exports peaked at 3.7M units in 2021, and then dropped dramatically in the following year.
In value terms, thermostat exports shrank dramatically to $28M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +7.9% 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 +25.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. As a result, the exports reached the peak of $34M, and then shrank remarkably in the following year.
| Export of Thermostat in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 6.7 | 8.8 | 15.1 | 13.0 | 24.7% |
| China | 1.1 | 0.7 | 1.8 | 2.9 | 38.1% |
| Malaysia | 2.4 | 1.8 | 3.4 | 1.7 | -10.9% |
| Australia | 1.3 | 1.7 | 2.3 | 1.6 | 7.2% |
| Indonesia | 1.6 | 1.0 | 1.2 | 1.3 | -6.7% |
| United States | 1.3 | 0.7 | 0.9 | 1.1 | -5.4% |
| Japan | 1.1 | 2.9 | 2.7 | 1.0 | -3.1% |
| Vietnam | 0.1 | 0.1 | 0.5 | 0.7 | 91.3% |
| Brazil | 0.3 | 0.1 | 0.4 | 0.6 | 26.0% |
| Pakistan | 0.6 | 0.5 | 0.8 | 0.5 | -5.9% |
| Egypt | 1.7 | 1.1 | 1.3 | 0.2 | -51.0% |
| Turkey | 0.3 | 0.4 | 0.6 | N/A | 41.4% |
| Others | 3.4 | 3.2 | 3.2 | 3.0 | -4.1% |
| Total | 22.0 | 23.0 | 34.3 | 27.5 | 7.7% |
Top Export Markets for Thermostat from Thailand in 2022:
- Turkey (undefinedK units)
- South Korea (1344.9K units)
- Malaysia (237.2K units)
- Brazil (198.1K units)
- Japan (134.7K units)
- Indonesia (119.6K units)
- China (112.8K units)
- Australia (96.9K units)
- Pakistan (94.4K units)
- Vietnam (75.1K units)
- United States (57.1K units)
- Egypt (33.0K units)
This report provides an in-depth analysis of the thermostat 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 26517015 - Electronic thermostats
- Prodcom 26517019 - Non-electronic thermostats
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- 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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