Forecast: Import of Compressors for Refrigerating Equipment to Thailand

The import value of compressors for refrigerating equipment to Thailand peaked in 2013 and has seen a general decline since then. The highest recorded value was in 2013, but a series of year-on-year declines followed, notably in 2017 and 2018. From 2017 onwards, there were some fluctuations, with a significant drop in 2020, followed by a slight recovery in 2021. The most recent actual value in 2023 stood at 478.25 Million USD, showing a minor decline compared to the previous two years. The CAGR over the past five years is relatively flat at 0.95%.

Significant trends observed:

  • Between 2013 and 2014, a small decline followed by a sharper drop in 2015.
  • 2017 saw a significant year-on-year reduction of 24.8%.
  • Another notable drop in 2020 was followed by a 20.01% increase in 2021.
  • The forecast from 2024 to 2028 suggests a slight downward trend with an estimated five-year CAGR of -0.32%.
Future trends to watch for include the impact of technological advancements in compressor efficiency, changes in regulatory policies, and shifts in global trade dynamics that may influence import needs and costs in Thailand. Attention to regional economic conditions and innovations could provide key insights for the market’s trajectory.

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