Thailand: Market for Air conditioning Machines without Refrigeration Unit 2024

Market Size for Air conditioning Machines without Refrigeration Unit in Thailand

The Thai market for air conditioning machines without refrigeration unit declined modestly to $X in 2022, flattening at the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 -1.6% against 2019 indices. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Air conditioning Machines without Refrigeration Unit in Thailand

In value terms, production of air conditioning machines without refrigeration unit declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 19%. Over the period under review, production of reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Thailand

In 2022, overseas shipments of air conditioning machines without refrigeration unit increased by 17% to X units, rising for the second year in a row after five years of decline. In general, exports, however, recorded a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by 56%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of air conditioning machines without refrigeration unit rose remarkably to $X in 2022. Overall, exports, however, faced a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units), Vietnam (X units) and China (X units) were the main destinations of exports of air conditioning machines without refrigeration unit from Thailand, together accounting for 63% of total exports. Indonesia, Cambodia, the United States, the Philippines, Hong Kong SAR, Pakistan, the United Arab Emirates, France and Japan lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +4.5%), while the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X), China ($X) and Indonesia ($X) appeared to be the largest markets for air conditioning machins without refrigeration unit exported from Thailand worldwide, with a combined 64% share of total exports.

In terms of the main countries of destination, China, with a CAGR of -1.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, with a decrease of -7.2% against the previous year. In general, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 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 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 the United Arab Emirates (+10.2%), while the prices for the other major destinations experienced a decline.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Thailand

Imports of air conditioning machines without refrigeration unit into Thailand skyrocketed to X units in 2022, jumping by 32% on the previous year. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 287% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of air conditioning machines without refrigeration unit skyrocketed to $X in 2022. In general, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of imports of air conditioning machines without refrigeration unit to Thailand, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +44.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of air conditioning machines without refrigeration unit to Thailand, comprising 78% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by Malaysia, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +41.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+19.1% per year) and Malaysia (-3.1% per year).

Import Prices by Country

In 2022, the average import price for air conditioning machines without refrigeration unit amounted to $X per unit, jumping by 75% against the previous year. In general, the import price, however, continues to indicate a slight decrease. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform