Thailand: Refrigerated Show-Cases Market 2024

Refrigerated Show-Cases Market Size in Thailand

The Thai refrigerated show-cases market reached $X in 2022, stabilizing at the previous year. The market 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 throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Refrigerated Show-Cases Production in Thailand

In value terms, refrigerated show-cases production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 13% against the previous year. Refrigerated show-cases production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Refrigerated Show-Cases Exports

Exports from Thailand

For the fifth year in a row, Thailand recorded growth in overseas shipments of refrigerated show-caseses, which increased by 20% to X units in 2022. Over the period under review, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 114%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, refrigerated show-cases exports amounted to $X in 2022. Overall, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +52.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for refrigerated show-cases exports from Thailand, accounting for a 38% share of total exports. Moreover, refrigerated show-cases exports to the United States exceeded the volume sent to the second major destination, Cambodia (X units), fivefold. The third position in this ranking was taken by Vietnam (X units), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+47.4% per year) and Vietnam (+21.6% per year).

In value terms, the United States ($X) remains the key foreign market for refrigerated show-caseses exports from Thailand, comprising 38% of total exports. The second position in the ranking was held by Cambodia ($X), with a 6.7% share of total exports. It was followed by Indonesia, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +35.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+31.8% per year) and Indonesia (-5.4% per year).

Export Prices by Country

The average refrigerated show-cases export price stood at $X per unit in 2022, declining by -11.4% against the previous year. Overall, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2017 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Ethiopia ($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 Saudi Arabia (+1.1%), while the prices for the other major destinations experienced a decline.

Refrigerated Show-Cases Imports

Imports into Thailand

In 2022, the amount of refrigerated show-caseses imported into Thailand soared to X units, with an increase of 41% on the year before. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 74%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, refrigerated show-cases imports declined to $X in 2022. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 69% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of refrigerated show-cases to Thailand, accounting for a 79% share of total imports. Moreover, refrigerated show-cases imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was taken by Malaysia (X units), with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+150.2% per year) and Malaysia (+2.0% per year).

In value terms, China ($X) constituted the largest supplier of refrigerated show-caseses to Thailand, comprising 74% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports. It was followed by Italy, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+125.1% per year) and Italy (-7.0% per year).

Import Prices by Country

In 2022, the average refrigerated show-cases import price amounted to $X per unit, declining by -31.9% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 23% 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 lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform