Price for Household or Laundry-Type Washing Machine in Thailand - 2023
Contents:
- Price for Household or Laundry-Type Washing Machine in Thailand (FOB) - 2023
- Price for Household or Laundry-Type Washing Machine in Thailand (CIF) - 2023
- Exports of Household or Laundry-Type Washing Machine in Thailand
- Imports of Household or Laundry-Type Washing Machine in Thailand
Price for Household or Laundry-Type Washing Machine in Thailand (FOB) - 2023
The average export price for household or laundry-type washing machines stood at $217 per unit in July 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 25% month-to-month. The export price peaked at $247 per unit in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was India ($368 per unit), while the average price for exports to Indonesia ($140 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Household or Laundry-Type Washing Machine in Thailand (CIF) - 2023
The average import price for household or laundry-type washing machines stood at $208 per unit in July 2023, growing by 18% against the previous month. In general, import price indicated slight growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, household or laundry-type washing machine import price increased by +24.8% against March 2023 indices. The pace of growth appeared the most rapid in October 2022 an increase of 22% against the previous month. Over the period under review, average import prices hit record highs at $270 per unit in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was South Korea ($370 per unit), while the price for China ($154 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Household or Laundry-Type Washing Machine in Thailand
After three years of growth, overseas shipments of household or laundry-type washing machines decreased by -21.8% to 4.7M units in 2022. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 108% against the previous year. Over the period under review, the exports attained the peak figure at 6M units in 2021, and then reduced rapidly in the following year.
In value terms, household or laundry-type washing machine exports shrank to $1.1B in 2022. Overall, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 6.8% against the previous year. As a result, the exports reached the peak of $1.2B, and then dropped in the following year.
| Export of Household or Laundry-Type Washing Machine in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 186 | 195 | 273 | 21.2% | |
| Japan | 161 | 139 | 136 | -8.1% | |
| South Korea | 106 | 127 | 136 | 13.3% | |
| Vietnam | 118 | 98.2 | 94.6 | -10.5% | |
| Australia | 86.5 | 83.3 | 66.9 | -12.1% | |
| Indonesia | 31.8 | 37.3 | 46.5 | 20.9% | |
| Malaysia | 36.8 | 41.7 | 39.9 | 4.1% | |
| Chile | 18.0 | 23.6 | 37.0 | 43.4% | |
| Peru | 23.6 | 27.1 | 31.2 | 15.0% | |
| Canada | 31.8 | 37.7 | 30.5 | -2.1% | |
| India | 17.9 | 19.0 | 20.8 | 7.8% | |
| Colombia | 22.5 | 21.6 | 20.4 | -4.8% | |
| Philippines | 24.2 | 17.6 | 18.6 | -12.3% | |
| Others | 280 | 280 | 274 | -1.1% | |
| Total | 1,144 | 1,148 | 1,226 | 3.5% | |
Top Export Markets for Household or Laundry-Type Washing Machine from Thailand in 2022:
- United States (1182.3K units)
- South Korea (719.5K units)
- Japan (628.4K units)
- Vietnam (494.2K units)
- Indonesia (344.0K units)
- Australia (258.9K units)
- Chile (227.9K units)
- Malaysia (215.2K units)
- Peru (162.1K units)
- Philippines (130.2K units)
- Canada (124.8K units)
- Colombia (113.3K units)
- India (100.6K units)
Imports of Household or Laundry-Type Washing Machine in Thailand
After three years of growth, supplies from abroad of household or laundry-type washing machines decreased by -25% to 740K units in 2022. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 140%. Over the period under review, imports hit record highs at 987K units in 2021, and then declined remarkably in the following year.
In value terms, household or laundry-type washing machine imports reduced modestly to $162M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 24% against the previous year. Over the period under review, imports reached the maximum at $170M in 2021, and then shrank slightly in the following year.
| Import of Household or Laundry-Type Washing Machine in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 64.7 | 97.5 | 115 | 33.3% | |
| South Korea | 24.6 | 28.8 | 26.1 | 3.0% | |
| Vietnam | 14.2 | 8.7 | 10.8 | -12.8% | |
| Italy | 3.6 | 3.9 | 4.5 | 11.8% | |
| Others | 18.1 | 17.0 | 13.6 | -13.3% | |
| Total | 125 | 156 | 170 | 16.6% | |
Top Suppliers of Household or Laundry-Type Washing Machine to Thailand in 2022:
- China (852.6K units)
- South Korea (85.7K units)
- Vietnam (44.0K units)
- Italy (30.2K units)
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