Thailand: Market for Vacuum Cleaners With Motor 2025

Market Size for Vacuum Cleaners With Motor in Thailand

In 2021, the Thai vacuum cleaner with motor market decreased by -17.7% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.1% against 2018 indices. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Production of Vacuum Cleaners With Motor in Thailand

In value terms, vacuum cleaner with motor production reduced notably to $X in 2021 estimated in export price. Overall, production, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 84% against the previous year. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Exports of Vacuum Cleaners With Motor

Exports from Thailand

For the fourth consecutive year, Thailand recorded decline in overseas shipments of vacuum cleaners with motor, which decreased by -16.7% to X tons in 2021. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2013 when exports increased by 25%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, vacuum cleaner with motor exports soared to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 25% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons), Saudi Arabia (X tons) and Japan (X tons) were the main destinations of vacuum cleaner with motor exports from Thailand, together comprising 73% of total exports. These countries were followed by Vietnam, Oman, Egypt, Bahrain, Germany, Hong Kong SAR, Qatar and China, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +38.1%), while shipments for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Japan ($X) were the largest markets for vacuum cleaner with motor exported from Thailand worldwide, together accounting for 73% of total exports. Vietnam, Germany, Oman, Egypt, Bahrain, Hong Kong SAR, Qatar and China lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, China, with a CAGR of +53.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vacuum cleaner with motor export price amounted to $X per ton, increasing by 39% against the previous year. Overall, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Thailand

In 2021, supplies from abroad of vacuum cleaners with motor was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.8% against 2018 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 49% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports amounted to $X in 2021. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vacuum cleaner with motor to Thailand, accounting for a 78% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. Malaysia (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+7.9% per year) and Malaysia (-6.7% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to Thailand, comprising 72% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total imports. It was followed by Vietnam, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.3% per year) and Vietnam (+8.7% per year).

Import Prices by Country

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, rising by 1.8% against the previous year. In general, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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