Thailand: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Thailand

In 2021, after three years of growth, there was significant decline in the Thai market for electro-thermic appliances or domestic purposes, when its value decreased by -18.2% to $X. In general, consumption saw a abrupt setback. Electro-thermic appliances or domestic purposes consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Electro-Thermic Appliances Or Domestic Purposes in Thailand

In value terms, electro-thermic appliances or domestic purposes production contracted remarkably to $X in 2021 estimated in export price. Overall, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 89%. As a result, production attained the peak level of $X, and then declined markedly in the following year.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from Thailand

Electro-thermic appliances or domestic purposes exports from Thailand surged to X units in 2021, with an increase of 150% compared with the year before. Over the period under review, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Myanmar (X units) was the main destination for electro-thermic appliances or domestic purposes exports from Thailand, with a 72% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Myanmar exceeded the volume sent to the second major destination, Japan (X units), eightfold. The third position in this ranking was taken by the United States (X units), with a 7.2% share.

From 2012 to 2021, the average annual growth rate of volume to Myanmar stood at +177.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-12.7% per year) and the United States (+15.7% per year).

In value terms, the United States ($X), Myanmar ($X) and Vietnam ($X) were the largest markets for electro-thermic appliances or domestic purposes exported from Thailand worldwide, together comprising 57% of total exports.

Among the main countries of destination, Myanmar, with a CAGR of +122.1%, 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

The average export price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, declining by -51.1% against the previous year. Overall, the export price faced a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by 25% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Myanmar ($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 Vietnam (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into Thailand

In 2021, overseas purchases of electro-thermic appliances or domestic purposes increased by 9.9% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a precipitous setback. The growth pace was the most rapid in 2017 with an increase of 52% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes imports expanded sharply to $X in 2021. Overall, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest electro-thermic appliances or domestic purposes supplier to Thailand, with a 71% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. South Korea (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+6.4% per year) and South Korea (+6.5% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to Thailand, comprising 86% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 2.8% share of total imports. It was followed by Japan, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+7.3% per year) and Japan (-39.6% per year).

Import Prices by Country

In 2021, the average import price for electro-thermic appliances or domestic purposes amounted to $X per unit, with a decrease of -4.1% against the previous year. In general, the import price, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2013 when the average import price increased by 122% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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