Thailand: Non-Combined Refrigerator-Freezer Market 2025

Non-Combined Refrigerator-Freezer Market Size in Thailand

The Thai non-combined refrigerator-freezer market totaled $X in 2022, rising by 1.7% against the previous year. Over the period under review, consumption, however, recorded a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Production in Thailand

In value terms, non-combined refrigerator-freezer production expanded modestly to $X in 2022 estimated in export price. In general, production, however, recorded a slight downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 13% against the previous year. Non-combined refrigerator-freezer production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Non-Combined Refrigerator-Freezer Exports

Exports from Thailand

In 2022, shipments abroad of household refrigerators and freezers (not combined) increased by 4.6% to X units, rising for the fourth year in a row after two years of decline. In general, total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 26%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-combined refrigerator-freezer exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 17%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), Japan (X units) and Australia (X units) were the main destinations of non-combined refrigerator-freezer exports from Thailand, with a combined 73% share of total exports. Taiwan (Chinese), Vietnam, Malaysia, Canada, India, New Zealand, Hong Kong SAR, the Philippines, Saudi Arabia and the United Arab Emirates lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +127.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from Thailand, comprising 40% of total exports. The second position in the ranking was taken by Japan ($X), with a 20% share of total exports. It was followed by Australia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +105.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-4.9% per year) and Australia (+27.6% per year).

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, increasing by 7.1% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 34% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to India ($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 Australia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Thailand

In 2022, after five years of growth, there was decline in overseas purchases of household refrigerators and freezers (not combined), when their volume decreased by -3.2% to X units. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of X units, and then shrank modestly in the following year.

In value terms, non-combined refrigerator-freezer imports declined to $X in 2022. Overall, imports, however, showed a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) was the main non-combined refrigerator-freezer supplier to Thailand, accounting for a 92% share of total imports. Moreover, non-combined refrigerator-freezer imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. Indonesia (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +46.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-11.1% per year) and Indonesia (+14.4% per year).

In value terms, China ($X) constituted the largest supplier of household refrigerators and freezers (not combined) to Thailand, comprising 84% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 7.7% share of total imports. It was followed by Indonesia, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-7.8% per year) and Indonesia (+3.6% per year).

Import Prices by Country

In 2022, the average non-combined refrigerator-freezer import price amounted to $X per unit, falling by -5.6% against the previous year. In general, the import price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 1.4%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :