Thailand: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Thailand

The Thai air conditioning machine market reduced markedly to $X in 2021, with a decrease of -38.1% against the previous year. Overall, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then contracted remarkably in the following year.

Air Conditioning Machine Production in Thailand

In value terms, air conditioning machine production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 28%. As a result, production reached the peak level of $X, and then declined in the following year.

Air Conditioning Machine Exports

Exports from Thailand

In 2021, the amount of air conditioning machines exported from Thailand soared to X units, jumping by 23% compared with the previous year. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 54% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, air conditioning machine exports surged to $X in 2021. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Vietnam (X units) and Australia (X units) were the main destinations of air conditioning machine exports from Thailand, with a combined 38% share of total exports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +27.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Vietnam ($X) constituted the largest markets for air conditioning machine exported from Thailand worldwide, with a combined 36% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +20.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average air conditioning machine export price amounted to $X per unit, approximately equating the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 32%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.5%), while the prices for the other major destinations experienced a decline.

Air Conditioning Machine Imports

Imports into Thailand

For the third year in a row, Thailand recorded growth in purchases abroad of air conditioning machines, which increased by 23% to X units in 2021. In general, imports posted buoyant growth. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, air conditioning machine imports totaled $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.1% against 2014 indices. The pace of growth was the most pronounced in 2016 when imports increased by 20%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest air conditioning machine supplier to Thailand, accounting for a 80% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), eightfold. The third position in this ranking was taken by Japan (X units), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.1% per year) and Japan (-12.6% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Thailand, comprising 68% of total imports. The second position in the ranking was held by Malaysia ($X), with a 17% share of total imports. It was followed by Japan, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-3.7% per year) and Japan (-14.3% per year).

Import Prices by Country

The average air conditioning machine import price stood at $X per unit in 2021, with a decrease of -14.8% against the previous year. Overall, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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