Thailand: Video Projector Market 2024

Video Projector Market Size in Thailand

The Thai video projector market surged to $X in 2021, increasing by 57% against the previous year. Over the period under review, consumption enjoyed significant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Video Projector Production in Thailand

In value terms, video projector production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Video Projector Exports

Exports from Thailand

Video projector exports from Thailand fell markedly to X units in 2021, reducing by -36.3% on 2020. Over the period under review, exports, however, showed a strong increase. The growth pace was the most rapid in 2015 when exports increased by 499%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, video projector exports skyrocketed to $X in 2021. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2015 when exports increased by 196%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for video projector exports from Thailand, with a 69% share of total exports. Moreover, video projector exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. South Korea (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +90.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+181.5% per year) and South Korea (+160.5% per year).

In value terms, the United States ($X) remains the key foreign market for video projectors exports from Thailand, comprising 38% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total exports. It was followed by South Korea, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +88.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+206.7% per year) and South Korea (+329.4% per year).

Export Prices by Country

The average video projector export price stood at $X per unit in 2021, surging by 81% against the previous year. In general, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 123%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Video Projector Imports

Imports into Thailand

In 2021, overseas purchases of video projectors increased by 59% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,437%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, video projector imports rose slightly to $X in 2021. Overall, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest video projector supplier to Thailand, accounting for a 3.1% share of total imports. Moreover, video projector imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+10.4% per year) and Japan (+1.4% per year).

In value terms, China ($X) constituted the largest supplier of video projectors to Thailand, comprising 53% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 24% share of total imports. It was followed by Japan, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+7.1% per year) and Japan (-4.7% per year).

Import Prices by Country

In 2021, the average video projector import price amounted to $X per unit, dropping by -34.4% against the previous year. Over the period under review, the import price faced a dramatic descent. The most prominent rate of growth was recorded in 2016 an increase of 72% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, 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 Philippines ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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