Report Update May 1, 2025

Thailand - Thermostats - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Thermostat Market 2025

Thermostat Market Size in Thailand

In 2021, the Thai thermostat market decreased by 0% to $X, falling for the third year in a row after four years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Thermostat consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Thermostat Production in Thailand

In value terms, thermostat production totaled less than $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern.

Thermostat Exports

Exports from Thailand

In 2019, the amount of thermostats exported from Thailand was estimated at X units, picking up by 8.4% against the previous year's figure. In general, exports showed resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by 65%. The exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, thermostat exports soared to $X in 2019. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 when exports increased by 63%. The exports peaked in 2019 and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X units) was the main destination for thermostat exports from Thailand, accounting for a 31% share of total exports. Moreover, thermostat exports to South Korea exceeded the volume sent to the second major destination, Malaysia (X units), threefold. The third position in this ranking was taken by Egypt (X units), with a 7.9% share.

From 2012 to 2019, the average annual rate of growth in terms of volume to South Korea stood at +285.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+30.6% per year) and Egypt (+12.0% per year).

In value terms, South Korea ($X) remains the key foreign market for thermostats exports from Thailand, comprising 30% of total exports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total exports. It was followed by Egypt, with a 7.9% share.

From 2012 to 2019, the average annual rate of growth in terms of value to South Korea totaled +340.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+29.6% per year) and Egypt (+11.1% per year).

Export Prices by Country

In 2019, the average thermostat export price amounted to $X per unit, surging by 7.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 11% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2019, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2019, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and Japan ($X per unit), while the average price for exports to Pakistan ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (+65.7%), while the prices for the other major destinations experienced mixed trend patterns.

Thermostat Imports

Imports into Thailand

After four years of growth, purchases abroad of thermostats decreased by -5.4% to X units in 2019. Overall, imports saw a mild decline. The growth pace was the most rapid in 2018 with an increase of 12%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2019, imports remained at a lower figure.

In value terms, thermostat imports shrank modestly to $X in 2019. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 11% against the previous year. Imports peaked at $X in 2018, and then declined slightly in the following year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for thermostats in the world?

The countries with the highest volumes of in 2021 were China, India and Hong Kong SAR, together accounting for 42% of global consumption.

What are the largest producers of thermostats in the world?

China constituted the country with the largest volume of thermostat production, comprising approx. 38% of total volume. Moreover, thermostat production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Mexico, with a 5.9% share.

What are the leading suppliers of thermostats to Thailand?

In value terms, the largest thermostat suppliers to Thailand were Japan, China and Vietnam, together accounting for 64% of total imports.

What are the leading importers of thermostats from Thailand?

In value terms, South Korea remains the key foreign market for thermostat exports from Thailand, comprising 44% of total exports. The second position in the ranking was occupied by Malaysia, with a 10% share of total exports. It was followed by Japan, with an 8% share.

What is the average export price for thermostats in Thailand?

In 2021, the average thermostat export price amounted to $2.3 per unit, reducing by -3.5% against the previous year.

What is the average import price for thermostats in Thailand?

The average thermostat import price stood at $2.2 per unit in 2021, which is down by -7.5% against the previous year.

This report provides an in-depth analysis of the thermostat market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26517015 - Electronic thermostats
Prodcom 26517019 - Non-electronic thermostats

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024