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Thailand - Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Thailand - Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights

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Oct 7, 2023

Thailand's Air Conditioning Machine Drops in Price to $259, Available per Unit

Thailand Air Conditioning Machine Export Price in July 2023

In July 2023, the air conditioning machine price stood at $259 per unit (FOB, Thailand), falling by -3.2% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 10% against the previous month. Over the period under review, the average export prices hit record highs at $272 per unit in December 2022; however, from January 2023 to July 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the United States ($546 per unit), while the average price for exports to Vietnam ($79.6 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Thailand Air Conditioning Machine Export Prices By Country (USD Per Unit)
COUNTRYExport Price of Air Conditioning Machine in Thailand (USD per unit)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
United States327439350339321239239245261256439562546
Taiwan (Chinese)319347354351333320340328345322337359449
Italy205256271230179231252250220278343287436
Australia303288275280337372419410526475463391395
Philippines166170188164171178185187208182211188244
Indonesia137164216229199187165132145133179174127
Vietnam18014714516711020684.410515310994.312679.6
Average252271269262255272254230248243243267259

Thailand Air Conditioning Machine Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was air conditioning machines without refrigeration unit ($1,390 per unit), while the average price for exports of air conditioning machines for motor vehicles ($5.4 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for the following types: air conditioner (+3.2%), while the prices for the other products experienced more modest paces of growth.

Thailand Air Conditioning Machine Exports

Air conditioning machine exports from Thailand dropped rapidly to 1.3M units in July 2023, shrinking by -23.1% on June 2023 figures. In general, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in January 2023 when exports increased by 45% month-to-month. Over the period under review, the exports hit record highs at 3.1M units in March 2023; however, from April 2023 to July 2023, the exports failed to regain momentum.

In value terms, air conditioning machine exports shrank dramatically to $329M (IndexBox estimates) in July 2023. Over the period under review, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in January 2023 when exports increased by 35% against the previous month. The exports peaked at 760M units in March 2023; however, from April 2023 to July 2023, the exports remained at a lower figure.

Thailand Air Conditioning Machine Exports by Type

Window or wall air conditioning systems, self-contained or split-systems (862K units) was the largest type of air conditioning machine exported from Thailand, accounting for a 68% share of total exports. Moreover, window or wall air conditioning systems, self-contained or split-systems exceeded the volume of the second product type, air conditioning machines for motor vehicles (231K units), fourfold. Air conditioning machines with refrigeration unit (178K units) ranked third in terms of total exports with a 14% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of the volume of export of window or wall air conditioning systems, self-contained or split-systems stood at -4.5%. With regard to the other exported products, the following average monthly rates of growth were recorded: air conditioning machines for motor vehicles (+12.9% per month) and air conditioning machines with refrigeration unit (-4.4% per month).

In value terms, window or wall air conditioning systems, self-contained or split-systems ($246M) remains the largest type of air conditioning machine exported from Thailand, comprising 75% of total exports. The second position in the ranking was taken by air conditioning machines with refrigeration unit ($81M), with a 25% share of total exports. It was followed by air conditioning machines for motor vehicles, with a 0.4% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of the export volume of window or wall air conditioning systems, self-contained or split-systems stood at -3.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: air conditioning machines with refrigeration unit (-1.4% per month) and air conditioning machines for motor vehicles (+2.9% per month).

Thailand Air Conditioning Machine Exports by Country

Vietnam (336K units) was the main destination for air conditioning machine exports from Thailand, accounting for a 26% share of total exports. Moreover, air conditioning machine exports to Vietnam exceeded the volume sent to the second major destination, Australia (129K units), threefold. The third position in this ranking was held by the United States (100K units), with a 7.9% share.

From July 2022 to July 2023, the average monthly rate of growth in terms of volume to Vietnam totaled +8.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Australia (-2.8% per month) and the United States (-5.2% per month).

In value terms, the United States ($55M), Australia ($51M) and Vietnam ($27M) appeared to be the largest markets for air conditioning machine exported from Thailand worldwide, together accounting for 40% of total exports.

Vietnam, with a CAGR of +1.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the air conditioning machine 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 28251220 - Window or wall air conditioning systems, self-contained or split-systems
  • Prodcom 28251240 - Air conditioning machines of a kind used in motor vehicles
  • Prodcom 28251250 - Air conditioning machines with refrigeration unit (excluding those used in motor vehicles, self-contained or split-systems machines)
  • Prodcom 28251270 - Air conditioning machines not containing a refrigeration unit, c entral station air handling units, vav boxes and terminals, c onstant volume units and fan coil units

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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