Thailand: Combined Refrigerator-Freezer Market 2024

Combined Refrigerator-Freezer Market Size in Thailand

The Thai combined refrigerator-freezer market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Combined Refrigerator-Freezer Production in Thailand

In value terms, combined refrigerator-freezer production expanded notably to $X in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Combined Refrigerator-Freezer Exports

Exports from Thailand

After three years of growth, overseas shipments of combined refrigerators-freezers decreased by X% to X units in 2022. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, combined refrigerator-freezer exports reduced sharply to $X in 2022. Overall, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Vietnam (X units) was the main destination for combined refrigerator-freezer exports from Thailand, accounting for a X% share of total exports. Moreover, combined refrigerator-freezer exports to Vietnam exceeded the volume sent to the second major destination, Japan (X units), twofold. The third position in this ranking was held by Malaysia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

In value terms, Vietnam ($X), Japan ($X) and India ($X) constituted the largest markets for combined refrigerator-freezer exported from Thailand worldwide, with a combined X% share of total exports. The United Arab Emirates, Malaysia, the Philippines, the United States, Australia, South Korea, Israel, Indonesia, Cambodia and Brazil lagged somewhat behind, together accounting for a further X%.

Brazil, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average combined refrigerator-freezer export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Vietnam ($X 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 Israel (X%), while the prices for the other major destinations experienced a decline.

Combined Refrigerator-Freezer Imports

Imports into Thailand

In 2022, after six years of growth, there was significant decline in supplies from abroad of combined refrigerators-freezers, when their volume decreased by X% to X units. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then dropped rapidly in the following year.

In value terms, combined refrigerator-freezer imports contracted to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

China (X units), Indonesia (X units) and Vietnam (X units) were the main suppliers of combined refrigerator-freezer imports to Thailand, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of combined refrigerators-freezers to Thailand, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total imports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average combined refrigerator-freezer import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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