Thailand: Metal Gas Appliances Market 2025

Metal Gas Appliances Market Size in Thailand

In 2022, the Thai metal gas appliances market decreased by -5.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, continues to indicate a moderate expansion. As a result, consumption attained the peak level of $X, and then fell in the following year.

Metal Gas Appliances Production in Thailand

In value terms, metal gas appliances production declined to $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19%. Metal gas appliances production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Gas Appliances Exports

Exports from Thailand

After two years of decline, shipments abroad of iron or steel gas domestic appliances increased by 0.9% to X units in 2022. Overall, exports showed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by 52%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal gas appliances exports reached $X in 2022. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by 77% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for metal gas appliances exports from Thailand, with a 91% share of total exports. Moreover, metal gas appliances exports to the United States exceeded the volume sent to the second major destination, Canada (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +14.5%.

In value terms, the United States ($X) remains the key foreign market for iron or steel gas domestic appliances exports from Thailand, comprising 88% of total exports. The second position in the ranking was taken by Canada ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +13.2%.

Export Prices by Country

The average metal gas appliances export price stood at $X per unit in 2022, flattening at the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal gas appliances export price increased by +66.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 62%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+7.1%), while the prices for the other major destinations experienced a decline.

Metal Gas Appliances Imports

Imports into Thailand

In 2022, overseas purchases of iron or steel gas domestic appliances decreased by -31.6% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 60%. Imports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, metal gas appliances imports plummeted to $X in 2022. Over the period under review, imports recorded a abrupt descent. The growth pace was the most rapid in 2019 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of metal gas appliances to Thailand, accounting for a 96% share of total imports. It was followed by South Korea (X units), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.7%.

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to Thailand, comprising 85% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

The average metal gas appliances import price stood at $X per unit in 2022, rising by 14% against the previous year. In general, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+44.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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