Thailand: Prefabricated Buildings Market 2025

Prefabricated Buildings Market Size in Thailand

The Thai prefabricated buildings market contracted slightly to $X in 2022, flattening at the previous year. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.3% against 2020 indices. Prefabricated buildings consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Prefabricated Buildings Production in Thailand

In value terms, prefabricated buildings production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 42%. Prefabricated buildings production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Prefabricated Buildings Exports

Exports from Thailand

In 2022, the amount of prefabricated buildings exported from Thailand reduced sharply to X units, shrinking by -55.2% compared with the previous year. Overall, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2018 with an increase of 100% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, prefabricated buildings exports shrank rapidly to $X in 2022. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2018 when exports increased by 93% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X units), Japan (X units) and Singapore (X units) were the main destinations of prefabricated buildings exports from Thailand, together comprising 65% of total exports. Malaysia, Myanmar, Bangladesh, Cambodia, Australia and China lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +21.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) emerged as the key foreign market for prefabricated buildings exports from Thailand, comprising 39% of total exports. The second position in the ranking was taken by Japan ($X), with an 18% share of total exports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+5.9% per year) and Malaysia (-17.4% per year).

Export Prices by Country

In 2022, the average prefabricated buildings export price amounted to $X per unit, rising by 28% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prefabricated buildings export price increased by +90.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Lao People's Democratic Republic ($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 Japan (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into Thailand

After two years of growth, overseas purchases of prefabricated buildings decreased by -11.4% to X units in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 55% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then declined in the following year.

In value terms, prefabricated buildings imports rose significantly to $X in 2022. Overall, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 55%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Vietnam (X units), China (X units) and the United States (X units) were the main suppliers of prefabricated buildings imports to Thailand, together accounting for 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +23.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and the United States ($X) were the largest prefabricated buildings suppliers to Thailand, with a combined 80% share of total imports.

Among the main suppliers, the United States, with a CAGR of +11.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prefabricated buildings import price stood at $X per unit in 2022, jumping by 26% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 68%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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