Thailand is the second largest economy in ASEAN after Indonesia, with a total land area of 513,120 square kilometers. As of the end of 2023, Thailand has a population of approximately 70 million.

Thailand has an annual steel production capacity of about 10 million tons, mainly using the electric arc furnace (EAF) production process. The major steel companies in Thailand are GSteel Steel, GJSteel Steel, and Tata Steel Thailand. In December 2021, Nippon Steel announced that it had paid US$419 million to acquire a 49.99% stake in GSteel Steel and a 40.45% stake in GJSteel Steel. As of now, no new capacity expansion projects have been announced by Thai officials.

Considering efficiency and cost issues, the equipment utilization rate of Thai steel companies is not very high. Thailand’s domestic demand for flat steel is mainly met through imports (70%-75% of total imports). Japan, China and South Korea are Thailand’s top three sources of imports, while the US, Indonesia and Vietnam are its top three export destinations.

Thailand is not very rich in raw material resources; its iron ore production is very small and it relies mainly on imports. Phu Ang Iron Ore Mine located in Lai Phu, Thailand is the largest iron ore mine in Thailand, with total reserves estimated at 10.9 million tons and an iron content of 65% to 67%. Another mine in Thailand is the Phu Hia iron ore mine. Both of these iron ore mines are located in northeastern Thailand.

Thai steelmakers are worried about the influx of cheap steel products from Russia into the Thai and ASEAN markets after Russia was sanctioned over the Russia-Ukraine war. Russia is looking for new buyers as its steel exports are banned from the European market. Meanwhile, Chinese steelmakers are also seeking to expand exports as steel consumption in China has fallen. If cheap imported steel products are dumped into the Thai market, it is expected to deal a devastating blow to Thailand’s domestic steel manufacturing industry.

In recent years, Thailand’s steel consumption has been more than 60% dependent on imported steel. In 2018, this figure was 62.3%, rising to nearly 69% by 2023.

For example, in 2023, Thailand’s apparent consumption of finished steel was about 16.33 million tons, and in that year, Thailand’s production volume of finished steel was only 6.6 million tons, and import volume of finished steel was as high as 11.21 million tons.

As a result, some local Thai steel manufacturers have asked the Thai government to restrict steel imports. For more than a decade, the Thai government has issued a series of anti-dumping measures against imported steel products, but they have been largely ineffective. The main reason for Thailand’s rising steel imports is the high cost of Thai-produced steel, as well as an inadequate product range. For downstream companies, it is more cost-effective to purchase imported products. Thai steel imports will continue to rise in the future if Thai steel companies do not seek to reduce production costs and develop mid-range and high-end products.

In 2023, Thailand’s consumption of finishes steel declined 0.4% year-on-year to 16.33 million tons from 16.39 million tons in 2022. The CAGR of consumption of finished steel in Thailand is -3.3% over the period 2018-2023.

As the cost of crude steel and steel production in Thailand is higher than in some countries in Southeast Asia, such as Vietnam and Indonesia, and also higher than in China, India and Japan in Asia, the growth of Thailand’s domestic steel output volume is expected to be limited in the next few years. In case of low steel prices in the international market, there is a possibility of a decline in Thailand’s domestic steel production.

CRI predicts that Thailand’s steel production and consumption will both increase in 2024-2033. The main reason is that Thailand is the country with the strongest comprehensive manufacturing strength in Southeast Asia. On the one hand, the continued growth of Thailand’s economy will promote the increase in Thailand’s domestic steel consumption. At the same time, with the economic growth of other Southeast Asian countries such as Vietnam, Thailand’s steel exports to these countries are expected to increase.

Factors such as the Sino-US trade war will reduce China’s steel exports, which will be beneficial to the development of Thailand’s local steel industry to a certain extent.

Topics covered:

•  Thailand Steel Industry Overview
•  The economic and policy environment of Thailand’s steel industry
•  Thailand Steel Industry Market Size, 2024-2033
•  Analysis of the main Thailand’s steel production enterprises
•  Key drivers and market opportunities for Thailand’s steel industry
•  What are the key drivers, challenges and opportunities for Thailand’s steel industry during the forecast period 2024-2033?
•  Which companies are the key players in the Thailand steel industry market and what are their competitive advantages?
•  What is the expected revenue of Thailand steel industry market during the forecast period 2024-2033?
•  What are the strategies adopted by the key players in the market to increase their market share in the industry?
•  Which segment of the Thailand steel industry market is expected to dominate the market by 2032?
•  What are the main negative factors facing the steel industry in Thailand?

Table of Contents

1 Development Environment of Thailand Steel Industry

1.1 Economic Environment

1.1.1 Thailand’s Economy

1.1.2 Foreign Investment in Thailand Steel Industry

1.1.3 Minimum Wage Standard in Thailand

1.1.4 The impact of COVID-19 on Thailand’s Steel Industry

1.2 Policy Environment

1.2.1 Policies Related to Steel Industry

1.2.2 Preferential Policies on Foreign Investment

1.2.3 Anti-dumping measures

1.3 Research Methods of the Report

1.3.1 Parameters and Assumptions

1.3.2 Data Sources

1.3.3 About CRI

2 Market Status of Thailand Steel Industry, 2018-2023

2.1 Supply

2.1.1 Production Capacity

2.1.2 Production Volume

2.1.2 Production Volume

2.2 Demand on Thailand Steel Market

2.2.1 Total Demand

2.2.2 Demand Structure

2.2.3 Steel Price

2.3 Competition Structure of Thailand Steel Market

2.3.1 Upstream Suppliers

2.3.2 Downstream Customers

2.3.3 Competition in Steel Industry

2.3.4 Potential Entrants

2.3.5 Substitutes

3 Major steel products in Thailand

3.1 Flat steel products industry

3.1.1 Supply and Production Volume

3.1.2 Demand

3.1.3 Imports and Exports

3.2 Long steel products

3.2.1 Supply and Production Volume

3.2.2 Demand

3.2.3 Imports and Exports

3.3 Steel pipes

4 Analysis on Import and Export of Steel in Thailand, 2018-2023

4.1 Import

4.1.1 Import Overview

4.1.2 Major Import Sources

4.2 Export

4.2.1 Export Overview

4.2.2 Export Destinations

5 Major Steel Manufacturers in Thailand, 2018-2023

5.1 Sahaviriya Steel Industries PCL

5.2 G Steel Public Company Limited

5.3 G J Steel PCL

5.4 Tata Steel (Thailand) Public Company Limited Group

5.5 Bangkok Steel Industry Public Co., Ltd.

5.6 Prime Steel Mill Co., Ltd.

5.7 LPN Plate Mill Ltd.

5.8 Asia Metal Plc.

5.9 2S Metal Plc.

5.10 Thai Cold Rolled Steel Sheet Plc.

5.11 The Steel Plc.

5.12 TMT Steel Plc.

6 Prospect of Thailand Steel Market, 2024-2033

6.1 Factors Influencing Development

6.1.1 Market Opportunities and Driving Forces

6.1.2 Threats and Challenges

6.2 Forecast on Supply and Demand

6.2.1 Forecast on Production Volume

6.2.2 Forecast on Demand

6.2.3 Forecast on Import and Export

6.3 Analysis on Investment Opportunities in Thailand Steel Industry

LIST OF CHARTS

Chart Location of Thailand in Southeast Asia

Chart Thailand GDP per capita 2013-2023

Chart Minimum Daily Wage in Thailand 2013-2024

Chart Thailand’s steel import volume as a percentage of steel consumption

Chart Output Volume of Crude Steel in Thailand, 2018-2023

Chart Output Volume of Finished Steel in Thailand, 2018-2023

Chart Demand Volume of Finished Steel in Thailand, 2018-2023

Chart Demand Structure of Steel in Thailand in 2023

Chart Price Index of Thailand Import Steel

Chart Output Volume of Flat Steel in Thailand, 2018-2023

Chart Demand Volume of Flat Steel in Thailand, 2018-2023

Chart Import Volume of Flat Steel in Thailand, 2018-2023

Chart Export Volume of Flat Steel in Thailand, 2018-2023

Chart Output Volume of Long Steel in Thailand, 2018-2023

Chart Demand Volume of Long Steel in Thailand, 2018-2023

Chart Import Volume of Long Steel in Thailand, 2018-2023

Chart Export Volume of Long Steel in Thailand, 2018-2023

Chart Import Volume of Finished Steel in Thailand, 2018-2023

Chart Export Volume of Finished Steel in Thailand, 2018-2023

Chart Profile of Sahaviriya Steel Industries PCL

Chart Profile of G Steel Public Company Limited

Chart Profile of G J Steel PCL

Chart Profile of Tata Steel (Thailand) Public Company Limited Group

Chart Profile of Bangkok Steel Industry Public Co., Ltd.

Chart Profile of Prime Steel Mill Co., Ltd.

Chart Profile of LPN Plate Mill Plc.

Chart Forecast on Output Volume of Thailand Steel 2024-2033

Chart Forecast on Consumption of Thailand Steel 2024-2033

Chart Forecast on Import Volume of Thailand Steel 2024-2033

Chart Forecast on Export Volume of Thailand Steel 2024-2033

The post Thailand Steel Industry Research Report 2024-2033 first appeared on CRI Report.

Thailand, located in Southeast Asia, covers an area of over 500,000 square kilometers. As of the end of 2023, Thailand has a population of approximately 70 million people. Manufacturing is a vital component of Thailand’s economy, with the total output of the manufacturing sector reaching US$ 133.87 billion in 2022, accounting for 27% of that year’s GDP. According to CRI, Thailand is the strongest manufacturing country among the ASEAN-10, particularly noted for its automotive industry chain, which includes automobile tire manufacturing, whole vehicle manufacturing, and electronics manufacturing, holding a significant position in Southeast Asia.

Thailand is a major global producer and exporter of rubber, with a total natural rubber production of 4.707 million tons in 2023, accounting for one-third of the world’s production, thus giving the Thai automobile tire industry a raw material advantage. As Thailand’s economy has developed, the number of vehicles in the country has also steadily increased. According to Thai government statistics, in 2022, Thailand had 19 million vehicles, with a vehicle ownership rate of 271 per thousand people. In Bangkok alone, the annual increase in passenger vehicle ownership exceeds 250,000 units. The development of Thailand’s automotive industry has spurred the growth of its automobile tire industry.

Thailand was the world’s second-largest tire exporter in 2022, accounting for 7.1% of the global market, with a slight decrease in export volume in 2023 but still maintaining a leading position. In 2022, the export value of automobile tires reached US$ 2.89 billion. From 2021 to 2022, the fastest-growing export markets for Thai automobile tires were Malaysia, Vietnam, and South Korea.

In Thailand’s automotive market, passenger cars, including light commercial vehicles like pickup trucks, hold a significant market share. Since 2022, the sales of electric vehicles have seen exponential growth, breaking through the 50,000-unit mark in 2023. CRI predicts that the future electric vehicle market will experience a minor explosion, which will also affect the development pattern of Thailand’s automobile tire industry. According to CRI, in 2023, Thai automobile tire production was approximately 58 million units, with passenger car tires accounting for about 90% of the total automobile tire production.

The Thai tire market is highly competitive. Major players include Michelin, Dunlop, Yokohama Tire, and Llit Co., Ltd. According to CRI, the Thai automobile tire market not only features local enterprises but also multinational tire giants. Chinese tire brands such as Linglong Tire and Chengshan Tire have also established a significant presence in Thailand by setting up factories. Due to its advantageous geographic location, favorable labor conditions, and government incentives, an increasing number of Chinese tire companies are choosing to set up factories in Thailand. For example, Xinyuan Rubber (Thailand) Company is a state-owned multinational group involved in natural rubber processing and sales; in 2022, the Haomai Group set up its second tire mold factory in Thailand.

CRI forecasts that from 2024 to 2033, Thai tire production will continue to rise, with automobile tire production projected to reach 96.31 million units by 2033, achieving an annual compound growth rate (CAGR) of 5.2%. In the coming years, the growth of Thailand’s automobile tire industry will be driven by domestic market demand as well as the continually increasing volume of tire exports.

Topics covered:

• Overview of the Automobile tire Industry in Thailand
• Economic and Policy Environment for Automobile tires in Thailand
• How can foreign investors enter Thailand’s automotive tire industry?
• Market Size of Automobile tires in Thailand, 2019-2023
• Analysis of Major Automobile tire Manufacturers in Thailand
• Key Drivers and Market Opportunities for the Automobile tire Industry in Thailand
• What are the main drivers, challenges, and opportunities for the Thai automobile tire industry during the forecast period of 2024-2033?
• What is the projected revenue for the Thai automobile tire market during the forecast period of 2024-2033?
• What strategies have major market players adopted to increase their market share in this industry?
• Which segment of the Thai automobile tire market is expected to dominate by 2033?
• Market Forecast for the Thai Automobile tire Industry, 2024-2033
• What are the major adverse factors facing the automobile tire industry in Thailand?

Table of Contents

1 Overview of Thailand

1.1 Geography

1.2 Population Structure of Thailand

1.3 Economy of Thailand

1.4 Minimum Wage Standards in Thailand, 2014-2024

1.5 Impact of COVID-19 on the Thai Automobile tire Industry

2 Development Environment of the Thai Automobile tire Industry

2.1 Economic Environment

2.1.1 Development Status of the Manufacturing Sector in Thailand

2.1.2 Analysis of Automobile tire Usage in the Thai Market

2.2 Technological Environment

2.2.1 Main Types of Automobile tires Used in Thailand

2.2.2 Technological Level of the Thai Automobile tire Manufacturing Industry

2.3 Policy Environment for the Automobile tire Industry in Thailand

2.3.1 Major Government Policies in the Thai Automobile tire Industry

2.3.2 Foreign Investment Policies in the Thai Automobile tire Industry

2.4 Analysis of Operational Costs in the Thai Automobile tire Industry

2.4.1 Labor Costs

2.4.2 Electricity Costs

2.4.3 Factory Rent

2.4.4 Other Costs

3 Supply and Demand Status of the Thai Automobile tire Industry

3.1 Supply Status of the Thai Automobile tire Industry

3.1.1 Total Production of Automobile tires in Thailand

3.1.2 Production of Different Types of Automobile tires

3.2 Demand Status of the Thai Automobile tire Industry

3.2.1 Analysis of Automobile tire Consumption in Thailand

3.2.2 Demand Analysis for Different Types of Automobile tires in the Thai Market

3.2.3 Market Forecast for Automobile tires in Thailand

3.3 Price Analysis of the Thai Automobile tire Market

4 Import and Export Status of the Thai Automobile tire Industry, 2019-2023

4.1 Import Status of the Thai Automobile tire Industry

4.1.1 Volume and Value of Automobile tire Imports in Thailand

4.1.2 Main Sources of Automobile tire Imports in Thailand

4.2 Export Status of the Thai Automobile tire Industry

4.2.1 Volume and Value of Automobile tire Exports from Thailand

4.2.2 Main Destinations for Thai Automobile tire Exports

5 Market Competition Analysis in the Thai Automobile tire Industry

5.1 Entry Barriers in the Thai Automobile tire Industry

5.1.1 Brand Barriers

5.1.2 Quality Barriers

5.1.3 Capital Barriers

5.2 Competitive Structure of the Thai Automobile tire Industry

5.2.1 Bargaining Power of Automobile tire Suppliers

5.2.2 Bargaining Power of Consumers

5.2.3 Competition in the Thai Automobile tire Industry

5.2.4 Potential New Entrants in the Automobile tire Industry

5.2.5 Substitutes for Automobile tires

6 Analysis of Major Automobile tire Manufacturers in Thailand

6.1 Llit Co., Ltd.

6.1.1 Development History

6.1.2 Main Products

6.1.3 Operational Model

6.2 Sentury Tire

6.2.1 Development History

6.2.2 Main Products

6.2.3 Operational Model

6.3 Bridgestone

6.3.1 Development History

6.3.2 Main Products

6.3.3 Operational Model

6.4 Michelin

6.4.1 Development History

6.4.2 Main Products

6.4.3 Operational Model

6.5 Dunlop

6.5.1 Development History

6.5.2 Main Products

6.5.3 Operational Model

6.6 Cockpit Thailand

6.6.1 Development History

6.6.2 Main Products

6.6.3 Operational Model

6.7 Yokohama Tires

6.7.1 Development History

6.7.2 Main Products

6.7.3 Operational Model

6.8 Frico Tyre

6.8.1 Development History

6.8.2 Main Products

6.9 IRC Tire

6.9.1 Development History of IRC Tire

6.9.2 Main Products of IRC Tire

6.9.3 Operational Model of IRC Tire

6.10 Hankook

6.10.1 Development History of Hankook

6.10.2 Main Products of Hankook

6.10.3 Operational Model of Hankook

7 Outlook for the Thai Automobile tire Industry, 2024-2033

7.1 Analysis of Development Factors in the Thai Automobile tire Industry

7.1.1 Drivers and Development Opportunities of the Thai Automobile tire Industry

7.1.2 Threats and Challenges Facing the Thai Automobile tire Industry

7.2 Supply Forecast for the Thai Automobile tire Industry

7.3 Demand Forecast for the Thai Automobile tire Market

7.4 Import and Export Forecast for the Thai Automobile tire Industry

LIST OF CHARTS

Chart: Total Population of Thailand (2013-2023)

Chart: Per Capita GDP of Thailand (2013-2023)

Chart: Government Policies Related to the Automobile Tire Industry (2018-2024)

Chart: Total Production of Automobile Tires in Thailand (2019-2023)

Chart: Domestic Consumption of Automobile Tires in Thailand (2019-2023)

Chart: Import Volume of Automobile Tires in Thailand (2019-2023)

Chart: Import Value of Automobile Tires in Thailand (2019-2023)

Chart: Importing Countries and Values for Automobile Tires in Thailand (2019-2023)

Chart: Export Volume of Automobile Tires from Thailand (2019-2023)

Chart: Export Value of Automobile Tires from Thailand (2019-2023)

Chart: Major Export Destinations for Thai Automobile Tires (2019-2023)

Chart: Production Forecast for Automobile Tires in Thailand (2024-2033)

Chart: Forecast of Domestic Market Size for Automobile Tires in Thailand (2024-2033)

Chart: Import Forecast for Automobile Tires in Thailand (2024-2033)

Chart: Export Forecast for Automobile Tires in Thailand (2024-2033)

The post Thailand Automobile Tire Industry Research Report 2024-2033 first appeared on CRI Report.

Thailand, situated in Southeast Asia, occupies a central position on the Indochina Peninsula. It borders the Gulf of Siam to the south and the Andaman Sea to the west. As of the end of 2023, Thailand’s population has surpassed 70 million. Manufacturing plays a crucial role in the Thai economy, contributing 30% to the GDP and surpassing other major sectors like services and trade. The growth of Thailand’s manufacturing industry has been a key driver for the development of its corrugated paper products industry.

The packaging industry is one of Thailand’s fastest-growing sectors. Propelled by the expansion of e-commerce and the transportation industries, the carton and packaging box industry has shown a consistent upward trend. According to CRI analysis, there are 1,190 carton and packaging box manufacturing companies in Thailand, representing 0.15% of all businesses. In 2023, the market size of Thailand’s corrugated packaging reached approximately US$ 1.231 billion, marking a year-on-year increase of 2.9%.

Historically, Thailand’s corrugated packaging industry has predominantly served the manufacturing sector, playing a vital role in the upstream and downstream supply chains. This industry is essential for the transportation and sale of various manufactured goods. Thailand has long been a leader in manufacturing within Southeast Asia, although its growth has decelerated since 2022. Major sectors of Thailand’s manufacturing industry include automobile assembly, electronics, plastics, textiles, food processing, toys, building materials, and petrochemicals, with annual manufacturing exports exceeding US$ 300 billion.

Thailand’s logistics industry has also seen robust growth in recent years, particularly with the rise of e-commerce, which has significantly boosted the express delivery sector and, in turn, the corrugated paper products industry. Over the past decade, the logistics sector’s contribution to Thailand’s GDP has steadily increased.

Following the COVID-19 outbreak, Thai consumers have increasingly turned to online shopping. In 2022, food, personal care, and electronic products dominated Thailand’s e-commerce market share. According to CRI analysis, this surge in e-commerce activity has also fueled the growth of the packaging industry. Thailand ranks as the second-largest e-commerce market in Southeast Asia, trailing only behind Indonesia. It hosts over 40 million consumers, with the Thai e-commerce GMV in 2023 expected to grow by more than 10%.

The Thai corrugated paper market is highly fragmented. According to CRI analysis, among the notable local manufacturers are Thai Containers Group (SCG Packaging), Sarnti Packaging Co. Ltd, and Balance Packing Co. Ltd. Additionally, international players like ASA Group Company Limited and Continental Packaging (Thailand) Co. Ltd have significant presence through foreign investments or joint ventures.

With continued economic development, particularly in the manufacturing and e-commerce sectors, the Thai corrugated paper products industry is poised for further growth. According to CRI predictions, the market size of Thailand’s corrugated packaging industry is expected to reach US$ 2.68 billion by 2033, growing at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2033.

Topics covered:

• Overview of Thailand’s corrugated packaging industry
• Economic environment and policy environment of corrugated packaging in Thailand
• Thailand’s corrugated packaging market size from 2019 to 2023
• Analysis of major Thai corrugated packaging manufacturers
• The main driving forces and market opportunities of Thailand’s corrugated packaging industry
• What are the key drivers, challenges, and opportunities for the Thailand corrugated packaging industry during the forecast period 2024-2033?
• What is the expected revenue of the Thailand corrugated packaging market during the forecast period 2024-2033?
• What strategies are adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Thailand corrugated packaging market is expected to dominate the market in 2033?
• Thailand corrugated packaging market forecast from 2024 to 2033
• What are the main headwinds facing Thailand’s corrugated packaging industry?

Related Reports:

Indonesia Corrugated Packaging Industry Research Report 2024-2033
Malaysia Corrugated Packaging Industry Research Report 2024-2033
Singapore Corrugated Packaging Industry Research Report 2024-2033
Vietnam Corrugated Packaging Industry Research Report 2024-2033
Research Report on Southeast Asia Corrugated Paper Packaging Industry 2023-2032

Table of Contents

1.Overview of Thailand

1.1. Geographical Characteristics

1.2. Demographic Structure

1.3. Economic Overview

1.4. Evolution of Minimum Wage Standards (2014-2024)

1.5. Impact of COVID-19 on the Corrugated Packaging Industry

2.Development Environment of Thailand’s Corrugated Packaging Industry

2.1. Economic Environment

2.1.1. Current State of the Packaging Industry

2.1.2. Analysis of Corrugated Packaging Usage

2.2. Core Technology in Corrugated Packaging

2.3. Policy Framework

2.3.1. Government Policies Affecting the Industry

2.3.2. Foreign Investment Policies

2.4. Operational Cost Analysis

2.4.1. Labor Costs

2.4.2. Electricity Costs

2.4.3. Factory Rent

2.4.4. Raw Material Costs

2.5. Foreign Investment Trends

3.Supply and Demand Dynamics

3.1. Supply Overview

3.1.1. Production Capacity

3.1.2. Output Analysis

3.2. Demand Overview

3.2.1. Consumption Volume and Value

3.2.2. Industry-specific Demand

3.2.2.1. Manufacturing Sector

3.2.2.2. Logistics Sector

3.3. Price Trends (2021-2024)

4. Trade Dynamics (2019-2023)

4.1. Import Overview

4.1.1. Import Volume and Value

4.1.2. Major Import Sources

4.2. Export Overview

4.2.1. Export Volume and Value

4.2.2. Main Export Destinations

5.Market Competition Analysis

5.1. Entry Barriers

5.1.1. Brand Recognition

5.1.2. Quality Standards

5.1.3. Financial Requirements

5.2. Competitive Structure

5.2.1. Supplier Bargaining Power

5.2.2. Consumer Bargaining Power

5.2.3. Industry Competition

5.2.4. Potential Entrants

5.2.5. Alternative Packaging Options

6. Analysis of Major Corrugated Packaging Brands in Thailand

6.1. ASA Group Company Limited

6.2. Thai Containers Group (SCG Packaging)

6.3. Sarnti Packaging Co. Ltd

6.4. Continental Packaging (Thailand) Co. Ltd

6.5. Balance Packing Co. Ltd

6.6. BG Packaging Company Limited

6.7. Tri-Wall Ltd

6.8. C&H Paperbox (Thailand) Co. Ltd

6.9. Hong Thai Packaging Company

6.10. Thai Packaging Industry PCL

Each company’s development history, main products, and business strategies are detailed.

7. Future Outlook (2024-2033)

7.1. Development Factors

7.1.1. Growth Drivers and Opportunities

7.1.2. Industry Challenges

7.2. Supply Forecast

7.3. Market Demand Forecast

7.4. Import and Export Projections

LIST OF CHARTS

Chart: Total Population of Thailand (2013-2023)

Chart: Thailand’s GDP Per Capita (2013-2023)

Chart: Key Policies for the Corrugated Packaging Industry Issued by the Thai Government (2018-2024)

Chart: Total Production of Corrugated Packaging in Thailand (2019-2023)

Chart: Production of Nitrogen, Phosphorus, and Potassium Fertilizers in Thailand (2019-2023)

Chart: Domestic Consumption of Corrugated Paper Packaging in Thailand (2019-2023)

Chart: Import Volume of Corrugated Packaging in Thailand (2019-2023)

Chart: Import Value of Corrugated Packaging in Thailand (2019-2023)

Chart: Importing Countries and Import Amounts of Thailand’s Corrugated Packaging (2019-2023)

Chart: Export Volume of Corrugated Packaging in Thailand (2019-2023)

Chart: Export Value of Corrugated Packaging in Thailand (2019-2023)

Chart: Main Export Destinations for Thailand’s Corrugated Packaging (2019-2023)

Chart: Forecast of Corrugated Packaging Production in Thailand (2024-2033)

Chart: Forecast of Domestic Market Size for Corrugated Packaging in Thailand (2024-2033)

Chart: Forecast of Corrugated Packaging Imports to Thailand (2024-2033)

Chart: Forecast of Corrugated Packaging Exports from Thailand (2024-2033)

The post Thailand Corrugated Packaging Industry Research Report 2024-2033 first appeared on CRI Report.

The cement industry in Thailand is a vital sector contributing significantly to the country’s economic growth and infrastructure development. Known for its robust manufacturing capabilities and strategic geographical location, Thailand has emerged as one of the key players in the global cement market.

Thailand Cement market currently, in 2023, has witnessed an HHI of 9071, Which has decreased substantially as compared to the HHI of 9670 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market. Thailand’s cement industry is characterized by a diverse range of manufacturers, including both domestic players and multinational corporations. Major companies such as Siam Cement Group (SCG), Siam City Cement (SCCC), and TPI Polene dominate the market, alongside several smaller players.

One of the key drivers of Thailand’s cement industry is the booming construction sector, fueled by rapid urbanization, industrialization, and government infrastructure projects. The country’s expanding population, coupled with increasing investments in residential, commercial, and public infrastructure projects, has created a sustained demand for cement.

Thailand’s cement industry is known for its adherence to international quality standards and adoption of advanced manufacturing technologies. Many cement plants in the country are equipped with state-of-the-art facilities, ensuring high efficiency, productivity, and environmental sustainability.

Moreover, Thailand’s cement industry has been proactive in implementing sustainable practices, including alternative fuel usage, waste heat recovery, and carbon emissions reduction initiatives. This commitment to sustainability aligns with global trends towards greener and more environmentally responsible manufacturing processes.

In recent years, Thailand’s cement industry has also focused on expanding its presence in international markets, leveraging its competitive advantages in terms of cost-efficiency, product quality, and logistics infrastructure. Export opportunities to neighboring countries in Southeast Asia and beyond have further fueled the growth of the industry.

In 2023, Thailand’s cement production will be about 35.42 million tons, down from 2022. CRI expects Thailand cement production to reach about 37.01 million tons in 2024. In 2033 Thailand cement production will reach 52.22 million tons, a CAGR of about 3.9% from 2024 to 2033. Drivers of growth in the Thai cement industry in the coming years include rising demand for cement in the Thai domestic market and rising exports of Thai cement.

However, like any other industry, Thailand’s cement sector also faces challenges, including fluctuating raw material costs, regulatory compliance, and competition from imports. Nevertheless, with its strong fundamentals, technological advancements, and strategic vision, the Thai cement industry continues to thrive, playing a crucial role in driving the country’s economic progress and infrastructure development.

Topics covered:

• Thailand Cement Industry Overview
• Economic environment and policy environment of cements in Thailand
• Thailand cement market size from 2019 to 2023
• Analysis of major Thailand cement manufacturers
• Key Drivers and Market Opportunities of Thailand’s Cement Industry
• What are the key drivers, challenges and opportunities for the Thailand cement industry during the forecast period 2024-2033?
• What is the expected revenue of the Thailand Cement market during the forecast period 2024-2033?
• What strategies are adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Thailand Cement Market is expected to dominate the market in 2033?
• Thailand Cement Market Forecast from 2024 to 2033
• What are the main headwinds facing Thailand’s cement industry?

Table of Contents

1 Overview of Thailand

1.1 Geographical conditions

1.2 Thailand’s demographic structure

1.3 Thailand’s economy

1.4 Thailand minimum wage from 2014 to 2024

1.5 Impact of COVID -19 on Thailand’s Cement Industry

2. Development Environment of Thailand Cement Industry

2.1 Economic Environment

2.1.1 Thailand’s GDP

2.1.2 Minimum Wage in Thailand, 2014-2023

2.2 FDI in Thailand Cement Industry

2.3 Policy Environment of Thailand Cement Industry

2.3.1 Preferential Policies on Foreign Investment of Cement Industry in Thailand

2.3.2 Policies Related to Imports and Exports of Cement Industry in Thailand

3. Analysis on Market Status of Thailand Cement Industry

3.1 Supply of Thailand Cement Industry

3.1.1 Production Volume of Thailand Cement Industry

3.1.2 Production volume of Thailand Cement products by types

3.2 Demand of Thailand Cement Industry

3.2.1 Domestic Sales Volume of Cement

3.2.2 Market size of Cement

3.2.3 Demand structure and key clients of cement industry in Thailand

4. Analysis on Import and Export of Cement in Thailand

4.1 Thailand Cement Industry Import Situation

4.1.1 Import Volume and Import Value of Thailand Cement Industry

4.1.2 Main Import Sources of Thailand Cement

4.2 Thailand Cement Industry Export Situation

4.2.1 Export Volume and Export Value of Thailand Cement Industry

4.2.2 Main Export Destinations of Thailand Cement

5. Cost and Price Analysis of the Thailand Cement Industry

5.1 Cost

5.1.1 Raw Material Cost

5.1.2 Energy Cost

5.1.3 Human Resources Cost

5.2 Price trend of cement in Thailand 2020-2024

6. Market Competition Analysis of Thailand’s Cement Industry

6.1 Barriers to entry in Thailand’s cement industry

6.1.1 Brand barriers

6.1.2 Quality barriers

6.1.3 Capital barriers

6.2 Competitive Structure of Thailand’s Cement Industry

6.2.1 Bargaining power of cement suppliers

6.2.2 Consumer bargaining power

6.2.3 Competition in Thailand’s Cement Industry

6.2.4 Potential Entrants to the Cement Industry

6.2.5 Alternatives to chemical cements

7. Top 5 Cement Manufacturers in Thailand

7.1 Siam Cement Group (SCG)

7.1.1 Corporate Profile of Siam Cement Group (SCG)

7.1.2 Operations of Siam Cement Group (SCG) in Thailand

7.2 TPI Polene Public Company Limited

7.2.1 Corporate Profile of TPI Polene Public Company Limited

7.2.2 Operations of TPI Polene Public Company Limited in Thailand

7.3 Siam City Cement Public Company Limited (SCCC)

7.3.1 Corporate Profile of Siam City Cement Public Company Limited (SCCC)

7.3.2 Operations of Siam City Cement Public Company Limited (SCCC) in Thailand

7.4 Cementhai SCT

7.4.1 Corporate Profile of Cementhai SCT

7.4.2 Operations of Cementhai SCT in Thailand

7.5 Asia Cement Public Company Limited

7.5.1 Corporate Profile of Asia Cement Public Company Limited

7.5.2 Operations of Asia Cement Public Company Limited in Thailand

8. Thailand Cement Industry Outlook, 2024-2033

8.1 Analysis of Factors Influencing the Development of the Thailand Cement Industry

8.1.1 Drivers and Development Opportunities

8.1.2 Threats and Challenges

8.2 Supply Forecast of Thailand Cement Industry, 2024-2033

8.3 Demand Forecast of Thailand Cement Industry, 2024-2033

8.4 Import and Export Forecast of Thailand Cement Industry, 2024-2033

LIST OF CHARTS

Chart Thailand’s total population from 2013 to 2023

Chart Thailand’s GDP per capita from 2013 to 2023

Char Policies related to the cement industry issued by the Thailand government from 2018 to 2024

Chart Foreign investment policy in Thailand’s cement industry

Chart 2014-2024 Thailand minimum wage

Chart 2019-2023 Thailand’s total cement production

Chart 2019-2023 Thailand’s nitrogen, phosphorus and potassium cement production

Chart 2019-2023 Thailand’s domestic consumption of chemical cements

Chart 2019-2023 Thailand cement imports

Chart 2019-2023 Thailand cement import amount

Chart 2019-2023 Thailand’s cement importing countries and import amounts

Chart 2019-2023 Thailand cement export volume

Chart 2019-2023 Thailand cement export value

Chart 2019-2023 Thailand’s main export destinations of cements

Chart 2024-2033 Thailand’s cement production forecast

Chart 2024-2033 Thailand domestic cement market size forecast

Chart 2024-2033 Thailand’s cement import forecast

Chart 2024-2033 Thailand’s cement export forecast

The post Thailand Cement Industry Research Report 2024-2033 first appeared on CRI Report.

Agriculture and plantation play a very important role in Thailand’s economic development. In the past 20 years, the proportion of Thailand’s agricultural economy in GDP has been roughly around 8%-10%, and the total annual output value has exceeded 1.5 trillion baht (US$ 40 billion). Thailand’s fertilizer industry has limited production capacity and requires a large amount of imported fertilizers every year. According to CRI analysis, Thailand is a country with an obvious fertilizer trade deficit. Thailand’s annual fertilizer import volume exceeds 4 million tons, but its export volume is only about 500,000 tons. Saudi Arabia, China, Russia, Canada and Malaysia are the top five import sources of fertilizers in Thailand in 2022.

Although the size of Thailand’s agricultural land has not changed significantly in recent years, Thailand’s agricultural productivity is growing rapidly, and this demand has led to an increase in the adoption of various agricultural products and technologies, promoting the development of Thailand’s fertilizer industry.

According to World Bank data, Thailand’s cultivated land area in 2021 was approximately 17.15 million hectares, accounting for 32.9% of the total land area. Among them, most of the farms are concentrated in the northeastern region of Thailand. The region suffers from poor soil quality, seasonality, variable rainfall, and scarcity of surface water. According to CRI analysis, fertilization is crucial to improving agricultural productivity in Thailand. At the policy level, the Thai government supports farmers by providing agricultural input subsidies. In 2019, the government announced new incentives for Thai farmers in the form of cheap fertilizers. This will promote the application of chemical fertilizers in Thailand. In addition, as the price of fertilizers in Thailand has continued to rise since the beginning of 2022, the Thai government has introduced policies to limit fertilizer prices to maintain the stability of the domestic agricultural economy.

Rice crops dominate Thailand’s crops, accounting for 41%, followed by rubber 28%; palm 12%; sugar cane 7%; feed corn 7% and pineapple 5%. These major crops in Thailand are generally fertilized with nitrogen fertilizers. , and most soil in Thailand is deficient in nitrogen. Therefore, nitrogen fertilizer is the most commonly used chemical fertilizer in Thailand, especially urea. In 2021, Thailand’s urea imports accounted for 73.6% of Thailand’s fertilizer imports.

In 2020-2022, COVID -19 had a direct negative impact on the value chain of Thailand Fertilizer market . The main raw materials for the production of fertilizers include ammonium, sulfuric acid, phosphorus and potassium. Logistics obstruction has limited the supply of raw materials, and fertilizer prices have also affected the domestic fertilizer industry during the epidemic. The rise in fertilizer prices has a huge impact on a high-deficit country like Thailand, which basically relies on imports. According to CRI analysis, Thailand’s fertilizer industry has gradually recovered since 2023.

The concentration of chemical fertilizers in Thailand is moderate, and the participants mainly include companies such as Yara (Thailand) Company Limited, Haifa, Chai Thai Co. Ltd, Thai Central Chemical Public Company Limited and Saksiam Group .

CRI predicts that with the development of Thailand’s agriculture and planting industry, Thailand’s fertilizer imports will gradually increase in the next few years. CRI estimates that Thailand fertilizer imports will be approximately 5.92 million tons in 2033, with a compound annual growth rate of approximately 3.2% from 2024 to 2033.

Topics covered:

• Overview of Thailand’s Fertilizer Industry
• Economic environment and policy environment for fertilizers in Thailand
• Thailand’s fertilizer market size from 2019 to 2023
• Analysis of major Thai fertilizer manufacturers
• Main driving forces and market opportunities of Thailand’s fertilizer industry
• What are the key drivers, challenges and opportunities for Thailand’s fertilizer industry during the forecast period 2024-2033?
• What is the expected revenue of the Thailand Fertilizer market during the forecast period 2024-2033?
• What strategies are adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Thailand fertilizer market is expected to dominate the market in 2033?
• Thailand Fertilizer Market Forecast from 2024 to 2033
• What are the main headwinds facing Thailand’s fertilizer industry?

Table of Contents

1 Thailand Overview

1.1 Geographical conditions

1.2 Thailand’s demographic structure

1.3 Thailand’s economy

1.4 Thailand’s minimum wage standard in 2014-2024

1.5 Impact of COVID -19 on Thailand’s Fertilizer Industry

2 Development environment of Thailand’s fertilizer industry

2.1 Economic environment

2.1.1 Development status of Thailand’s agriculture and planting industry

2.1.2 Analysis of chemical fertilizer usage in Thailand market

2.2 Technical environment

2.2.1 Main types of chemical fertilizers used in Thailand

2.2.2 Technical level of Thailand’s fertilizer manufacturing industry

2.3 Policy environment for Thailand’s fertilizer industry

2.3.1 Main government policies for Thailand’s fertilizer industry

2.3.2 Foreign investment policies in Thailand’s fertilizer industry

2.4 Analysis of operating costs of Thailand’s fertilizer industry

2.4.1 Human resource costs

2.4.2 Electricity price

2.4.3 Factory rent

2.4.4 Other costs

3 Supply and demand status of Thailand’s fertilizer industry

3.1 Supply status of Thailand’s fertilizer industry

3.1.1 Thailand’s total fertilizer production

3.1.2 Production of different types of fertilizers

3.2 Demand status of Thailand’s fertilizer industry

3.2.1 Analysis of fertilizer consumption in Thailand

3.2.2 Analysis of demand for different types of fertilizers in the Thai market

3.2.3 Comprehensive forecast of Thailand’s fertilizer market

3.3 Analysis of Thailand Fertilizer Market Price

4 Import and export status of Thailand’s fertilizer industry from 2019 to 2023

4.1 Import status of Thailand’s fertilizer industry

4.1.1 Thailand’s chemical fertilizer import volume and import value

4.1.2 Thailand’s main import sources of chemical fertilizers

4.2 Export status of Thailand’s fertilizer industry

4.2.1 Thailand’s fertilizer export volume and export value

4.2.2 Main export destinations of fertilizers in Thailand

5 Analysis of market competition in Thailand’s fertilizer industry

5.1 Barriers to entry in Thailand’s fertilizer industry

5.1.1 Brand barriers

5.1.2 Quality barriers

5.1.3 Capital barriers

5.2 Competition structure of Thailand’s fertilizer industry

5.2.1 Bargaining power of fertilizer suppliers

5.2.2 Consumer bargaining power

5.2.3 Competition in Thailand’s Fertilizer Industry

5.2.4 Potential Entrants to the Fertilizer Industry

5.2.5 Alternatives to chemical fertilizers

6 Analysis of major fertilizer brands in Thailand

6.1 Yara (Thailand) Company Limited

6.1.1 Development History of Yara (Thailand) Company Limited

6.1.2 Yara (Thailand) Company Limited’s main products

6.1.3 Yara (Thailand) Company Limited’s operating model

6.2 NFC Public Company Limited

6.2.1 Development History of NFC Public Company Limited

6.2.2 Main products of NFC Public Company Limited

6.2.3 Operation model of NFC Public Company Limited

6.3 Chai Thai Co. Ltd

6.3.1 Development History of Chai Thai Co. Ltd

6.3.2 Main products of Chai Thai Co. Ltd

6.3.3 Chai Thai Co. Ltd’s operating model

6.4 Thai Central Chemical Public Company Limited

6.4.1 Development History of Thai Central Chemical Public Company Limited

6.4.2 Main products of Thai Central Chemical Public Company Limited

6.4.3 Thai Central Chemical Public Company Limited’s operating model

6.5 Haifa Group

6.5.1 Haifa Group ‘s development history

6.5.2 Haifa Group ‘s main products

6.5.3 Haifa Group ’s operating model

6.6 SAKSIAM GROUP

6. 6 .1 Development History of SAKSIAM GROUP

6. 6 .2 Main products of SAKSIAM GROUP

6. 6 .3 SAKSIAM GROUP’s operating model

6.7 ICL Fertilizers ( Ranthai Agro Co. Ltd)

6.7.1 ICL Fertilizers ( Ranthai The development history of Agro Co. Ltd)

6.7.2 ICL Fertilizers ( Ranthai Agro Co. Ltd)’s main products

6.7.3 ICL Fertilizers ( Ranthai Agro Co. Ltd) operating model

6. 8 Rayong Fertilizer Trading Company Limited (UBE Group)

6. 8 .1 The development history of Rayong Fertilizer Trading Company Limited (UBE Group)

6. 8 .2 Main products of Rayong Fertilizer Trading Company Limited (UBE Group)

6. 8 .3 Operating model of Rayong Fertilizer Trading Company Limited (UBE Group)

6. 9 COMPO Expert

6. 9 .1 Development History of COMPO Expert

6. 9 .2 COMPO Expert’s main products

6. 9 .3 COMPO Expert’s operating model

6.10 ICP FERTILIZER COMPANY

6. 10 .1 Development History of ICP FERTILIZER COMPANY

6. 10 .2 Main products of ICP FERTILIZER COMPANY

6. 10 .3 Operation model of ICP FERTILIZER COMPANY

7 Outlook of Thailand’s Fertilizer Industry from 2024 to 2033

7.1 Analysis of development factors of Thailand’s fertilizer industry

7.1.1 Driving forces and development opportunities of Thailand’s fertilizer industry

7.1.2 Threats and challenges faced by Thailand’s fertilizer industry

7.2 Supply Forecast of Thailand’s Fertilizer Industry

7.3 Thailand Fertilizer Market Demand Forecast

7.4 Thailand’s Fertilizer Import and Export Forecast

LIST OF CHARTS

Chart Thailand’s total population from 2013 to 2023

Chart Thailand’s GDP per capita from 2013 to 2023

Chart 2014-2024 Thailand’s minimum wage

Chart Policies related to the fertilizer industry issued by the Thai government from 2018 to 2024

Chart Thailand’s policies for foreign investment in the fertilizer industry

Chart Thailand’s total fertilizer production from 2019 to 2023

Chart 2019-2023 Thailand’s nitrogen, phosphorus and potassium fertilizer production

Chart 2019-2023 Thailand’s domestic consumption of chemical fertilizers

Char Thailand’s chemical fertilizer imports from 2019 to 2023

Chart 2019-2023 Thailand’s fertilizer import amount

Chart 2019-2023 Thailand’s fertilizer importing countries and import amounts

Chart 2019-2023 Thailand’s fertilizer export volume

Chart 2019-2023 Thailand’s fertilizer export value

Chart Thailand’s main export destinations of fertilizers from 2019 to 2023

Chart 2024-2033 Thailand fertilizer production forecast

Chart 2024-2033 Thailand domestic fertilizer market size forecast

Chart 2024-2033 Thailand fertilizer import forecast

Chart 2024-2033 Thailand fertilizer export forecast

The post Thailand Fertilizer Industry Research Report 2024-2033 first appeared on CRI Report.

Furniture refers to movable objects designed to facilitate various human activities, such as sitting, reclining, or storing items. Common examples of furniture include chairs, tables, beds, desks, and cabinets, each of which serves both functional and aesthetic purposes to enhance the practicality and visual appeal of indoor and outdoor spaces.

Furniture is made from a variety of materials, including wood, metal, plastic, and textiles. Traditionally, furniture was handmade, but the rise of industrialization led to the mass production of standardized items. Furniture can also be categorized based on its intended use. Office furniture is specifically designed for workspaces, outdoor furniture is designed to withstand weather conditions, and residential furniture is focused on providing comfort and enhancing style. The design and arrangement of furniture play a key role in shaping the functionality and ambience of a space. Currently, furniture in Thailand is available in a variety of styles and designs, ranging from classic and ornate to modern and minimalist, to meet the diverse needs of individuals.

Thailand is in the midst of a transformation from a predominantly rural country to an increasingly urban one. Over the past decade, the country’s urbanization rate has shifted from 46.19 percent in 2013 to 53.64 percent in 2023, representing a compound annual growth rate (CAGR) of 1.51 percent. According to CRI, this means that more than half of the population currently lives in cities and urban areas. While Thailand’s urbanization rates are still low compared to other developed nations, which can reach levels of 80-90 percent, this transformation in Thailand is still significant, especially as most of this growth is occurring and is expected to occur in the Krung Thep area, better known as Bangkok, the capital and largest city in Thailand. Krung Thep is now home to more than 11.2 million people and the number of tourists and overnight visitors to this city is also on the rise. These dynamics boost the demand for furniture and stimulate the development of the Thai furniture industry.

However, the Thai furniture industry still faces several challenges in today’s competitive landscape. Intense competition from neighboring countries such as Vietnam and Malaysia exert price pressure, and fluctuating raw material costs, especially for wood, may hinder the growth of the furniture market in Thailand.

What’s more, one area that will contribute to the furniture market’s long-term growth is the millennial demographic. As millions of millennials prepare to buy their first homes in the next few years, there is an opportunity for furniture retailers to capture market share by paying close attention to their buying behaviors and preferences. Hereby, CRI predicts a modest growth trajectory for the furniture industry in Thailand, the furniture market size in Thailand is expected to reach US$ 2.41 billion in 2033 with a compound annual growth rate (CAGR) of 4.1% from 2024 to 2033.

As one of the fastest-growing furniture manufacturers and most popular furniture exporters in Asia-Pacific region, furniture market of Thailand is highly segmented and competitive. In 2023, the export value of furniture in Thailand reached US$ 1.38 billion. According to CRI, the export value of furniture in Thailand is projected to increase with a compound annual growth rate (CAGR) of 4.2%, reaching more than US$2 billion by 2033.

Topics covered:

• Thailand Furniture Industry Overview
• The economic and policy environment of Thailand’s furniture industry
• Thailand Furniture Industry Market Size, 2024-2033
• Analysis of the main Thailand furniture production enterprises
• Key drivers and market opportunities for Thailand’s furniture industry
• What are the key drivers, challenges and opportunities for Thailand’s furniture industry during the forecast period 2024-2033?
• Which companies are the key players in the Thailand furniture industry market and what are their competitive advantages?
• What is the expected revenue of Thailand furniture industry market during the forecast period 2024-2033?
• What are the strategies adopted by the key players in the market to increase their market share in the industry?

Table of Contents

1. Overview of Thailand

1.1 Geographical Situation

1.2 Demographic Structure of Thailand

1.3 The Economic Situation in Thailand

1.4 Minimum Wage in Thailand 2014-2023

1.5 Impact of COVID-19 on the Furniture Industry in Thailand

2. Overview of Thailand Furniture Industry

2.1 History of Thailand Furniture Industry Development

2.2 FDI in Thailand Furniture Industry

2.3 Social Environment of Thailand Furniture Industry

2.4 Policy Environment of Thailand Furniture Industry

3. Thailand Furniture Industry Supply and Demand Situation

3.1 Thailand Furniture Industry Supply Situation

3.2 Thailand Furniture Industry Demand Situation

4. Thailand Furniture Industry Import and Export Situation

4.1 Thailand Furniture Industry Import Situation

4.1.1 Import Volume and Import Value of Thailand Furniture Industry

4.1.2 Main Import Sources of Thailand Furniture

4.2 Thailand Furniture Industry Export Situation

4.2.1 Export Volume and Import Value of Thailand Furniture Industry

4.2.2 Main Export Destinations of Thailand Furniture

5. Cost Analysis of the Thailand Furniture Industry

5.1 Cost Analysis of Thailand Furniture Industry

5.1.1 Labor costs

5.1.2 Cost of raw materials

5.1.3 Other costs

5.2 Price Analysis of Thailand Furniture

6. Market Competition of Thailand Furniture Industry

6.1 Barriers to entry in the Thailand Furniture Industry

6.1.1 Brand Barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of Thailand Furniture Industry

6.2.1 Bargaining Power of Upstream Suppliers

6.2.2 Consumer Bargaining Power

6.2.3 Competition in Thailand Furniture Industry

6.2.4 Threat of Potential Entrants

6.2.5 Threat of Substitutes

7. Analysis of Top 10 Furniture Brands in Thailand, 2023

7.1 PLATO

7.1.1 Corporate Profile of PLATO

7.1.2 Annual Revenue of PLATO in Thailand

7.2 Asalon Co., Ltd

7.2.1 Corporate Profile of Asalon Co., Ltd

7.2.2 Annual Revenue of Asalon Co., Ltd in Thailand

7.3 Gerard Collection

7.3.1 Corporate Profile of Gerard Collection

7.3.2 Annual Revenue of Gerard Collection in Thailand

7.4 Corner 43 Decor

7.4.1 Corporate Profile of Corner 43 Decor

7.4.2 Annual Revenue of Corner 43 Decor in Thailand

7.5 AD ASIA Manufacturers Co., Ltd

7.5.1 Corporate Profile of AD ASIA Manufacturers Co., Ltd

7.5.2 Annual Revenue of AD ASIA Manufacturers Co., Ltd

7.6 Rockworth Public Company

7.6.1 Corporate Profile of Rockworth Public Company

7.6.2 Annual Revenue of Rockworth Public Company in Thailand

7.7 SARNN

7.7.1 Corporate Profile of SARNN

7.7.2 Annual Revenue of SARNN in Thailand

7.8 iBalDesigns

7.8.1 Corporate Profile of iBalDesigns

7.8.2 Annual Revenue of iBalDesigns and in Thailand

7.9 IKEA

7.9.1 Corporate Profile of IKEA

7.9.2 Annual Revenue of IKEA in Thailand

7.10 Modernform Group

7.10.1 Corporate Profile of Modernform Group

7.10.2 Annual Revenue of Modernform Group in Thailand

8. Thailand Furniture Industry Outlook, 2024-2033

8.1 Analysis of Factors Influencing the Development of the Thailand Furniture Industry

8.1.1 Drivers and Development Opportunities

8.1.2 Threats and Challenges

8.2 Supply Forecast of Thailand Furniture Industry, 2024-2033

8.3 Demand Forecast of Thailand Furniture Industry, 2024-2033

8.4 Import and Export Forecast of Thailand Furniture Industry, 2024-2033

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The post Thailand Furniture Industry Research Report 2024-2033 first appeared on CRI Report.

Thailand fuel motorcycle market ranks among the top six in the world in terms of annual sales volume. It is currently a mature market, but there is still room for growth.

Thailand is the world’s fifth largest motorcycle manufacturing base after China (23 million vehicles), India (20 million vehicles), Indonesia (8 million vehicles) and Vietnam (3 million vehicles). Thailand started its first motorcycle manufacturing under the CKD system in 1967. In the 10 years before 1990, Thailand promoted investment in four-stroke engine motorcycles to replace two-stroke engine motorcycles to reduce emission problems, increasing production to 1.75 million units per year.

With the development of the country, motorcycles have become the preferred means of transportation for personal travel. After 1990, with the introduction of the Free Trade Agreement (FTA), industrial protection measures were lifted and the Thai motorcycle industry began to export and develop in line with global demand, learning new technologies and adopting the most advanced safety rules and emissions. In Thailand, 87% of households own motorcycles, the highest proportion in Asia.

The Thai fuel motorcycle market is mainly occupied by six brands, namely Honda, Yamaha, Vespa, GP Motor, Suzuki and Kawasaki. According to CRI, among them, Honda’s sales market share has been above 70% for many years, and it has ranked first in the Thai market for many years. Yamaha’s sales market share has always been above 10%, and it has been ranked second in the Thai market for many years. The market sales share of other motorcycle brands in the Thai market has always been less than 5%, and they will not be able to shake the status of Honda and Yamaha in the short term.

From 2018 to 2022, Thailand’s fuel motorcycle production fluctuated. In 2019, Thailand’s motorcycle production volume declined compared with 2018 . In 2020, due to the impact of the COVID-19, Thailand’s fuel motorcycle production fell to 1.615 million units, a 17.1% decrease from 2019. From 2021 to 2022, with the recovery of Thailand’s economy, Thailand’s motorcycle production volume will gradually rebound, but it has not yet returned to the level of 2018.

Most motorcycle manufacturing companies are located in the central and eastern regions of Thailand and are close to seaports used for exports, forming motorcycle manufacturer clusters.

2018, Thailand’s domestic sales of fuel motorcycles were approximately 1.79 million units, which dropped to 1.715 million units in 2019 . In 2020, due to the impact of the COVID-19, sales volume of fuel motorcycle in Thailand dropped to 1.515 million units. In 2021-2022 , with the gradual recovery of Thailand’s economy, Thailand’s motorcycle sales will gradually recover and return to 1.781 million units in 2022 , which is close to the 2018 level.

As the population grows, consumer spending power increases, new motorcycle registrations increase, and motorcycle manufacturers continue to release new models, CRI predicts that Thailand’s fuel motorcycle market is expected to continue to grow during 2024-2032.

Topics covered:

•  Thailand fuel motorcycle industry overview
•  Economic environment and policy environment of Thailand’s motorcycle industry
•  COVID-19 on Thailand’s motorcycle industry?
•  Market size of Thailand’s motorcycle industry from 2023 to 2032
•  Analysis of major Thai motorcycle industry manufacturers
•  Main driving forces and market opportunities of Thailand’s motorcycle industry
•  What are the key drivers, challenges and opportunities for the Thai motorcycle industry during the forecast period 2023-2032?
•  Which companies are the major players in the Thai motorcycle industry market and what are their competitive advantages?
•  What is the expected revenue of the Thai motorcycle industry market during the forecast period 2023-2032?
•  What strategies are adopted by the key players in the market to increase their market share in the industry?
•  Which segment of the Thai motorcycle industry market is expected to dominate the market in 2032?
•  What are the main headwinds facing the Thai motorcycle industry?

Table of Contents

1 Overview of Thailand

1.1 Geographical conditions

1.2 Thailand’s demographic structure

1.3 Thailand’s economic situation

1.4 Thailand’s minimum wage standards from 2013 to 2023

1.5 Impact of COVID-19 on Thailand’s motorcycle industry

2 Development environment of Thailand’s fuel motorcycle industry

2.1 A brief history of the development of Thailand’s motorcycle industry

2.2 Foreign investment in Thailand’s motorcycle industry

2.3 Policy environment of Thailand’s motorcycle industry

2.3.1 The Thai government’s incentive policies for the automobile and motorcycle industry

2.3.2 Policies to promote the motorcycle industry issued by the Thailand Investment Promotion Board

3 Supply and demand status of Thailand’s fuel motorcycle industry

3.1 Supply situation of Thailand’s motorcycle industry

3.1.1 Production Capacity of Thailand’s Fuel Motorcycle Industry

3.1.2 Production of fuel motorcycles in Thailand

3.2 Demand status of Thailand’s motorcycle industry

4 Import and export status of Thailand’s fuel motorcycle industry

4.1 Import status of Thailand’s motorcycle industry

4.1.1 Thailand’s motorcycle import volume and import value

4.1.2 Main import sources of Thai motorcycles

4.2 Export status of Thailand’s motorcycle industry

4.2.1 Thailand motorcycle export volume and export value

4.2.2 Main export destinations of Thai motorcycles

5. Cost and price analysis of Thailand’s motorcycle industry

5.1 Cost Analysis of Thailand Motorcycle Industry

5.1.1 Labor costs

5.1.2 Raw material cost

5.1.3 Other costs

5.2 Price trend of fuel motorcycles

6 Market Competition Analysis of Thailand’s Fuel Motorcycle Industry

6.1 Barriers to entry in Thailand’s motorcycle industry

6.1.1 Brand barriers

6.1.2 Quality barriers

6.1.3 Capital barriers

6.2 Competition structure of Thailand motorcycle industry

6.2.1 Bargaining power of motorcycle parts and raw material suppliers

6.2.2 Consumer bargaining power

6.2.3 Competition in Thailand’s motorcycle industry

6.2.4 Potential entrants to the motorcycle industry

6.2.5 Alternatives to motorcycles

7 Analysis of major fuel motorcycle brands in Thailand

7.1 Thai Honda Co., Ltd.

7.1.1 Corporate Profile of Thailand Honda Co., Ltd.

7.1.2 Operation status of Honda Thailand Co., Ltd.

7.2 Thailand Yamaha Motor Co., Ltd.

7.2.1 Corporate Profile of Thailand Yamaha Motorcycle Co., Ltd.

7.2.2 Main products and prices of Thailand Yamaha Motorcycle Co., Ltd.

7.3 Vespiario (Thailand) Company Limited (Piaggio)

7.3.1 Corporate Profile of Vespa Thailand Co., Ltd.

7.3.2 Operation status of Vespa Thailand Co., Ltd.

7.4 GP Motor (Thailand) Co., LTD. (GP Motor Thailand Co., Ltd.)

7.4.1 Introduction to GP Motor Thailand Co., Ltd.

7.4.2 Operation status of GP Motor Thailand Co., Ltd.

7.5 Suzuki Motorcycle Thailand Co., Ltd.

7.5.1 Introduction to Suzuki Motorcycle Thailand Co., Ltd.

7.5.2 Operation status of Suzuki Motorcycle Thailand Co., Ltd.

7.6 Kawasaki Motors Enterprise (Thailand) Co., Ltd.

7.6.1 Overview of Kawasaki Motorcycle Thailand Co., Ltd.

7.6.2 Kawasaki’s operations in Thailand

8 Outlook of Thailand’s fuel motorcycle industry from 2023 to 2032

8.1 Analysis of development factors of Thailand’s fuel motorcycle industry

8.1.1 Driving forces and development opportunities

8.1.2 Threats and challenges faced

8.2 Supply Forecast of Thailand’s Fuel Motorcycle Industry

8.2.1 Production Capacity Forecast

8.2.2 Production Forecast

8.3 Forecast of Thailand’s fuel motorcycle market demand

8.3.1 Overall Domestic Sales Forecast

8.3.2 Sales forecast of different models

8.4 Thailand Motorcycle Import and Export Forecast

8.4.1 Import forecast

8.4.2 Export Forecast

LIST OF CHARTS

Chart Thailand’s location in Southeast Asia

Chart Thailand’s GDP per capita from 2011 to 2022

Chart Thailand’s minimum daily wage from 2011 to 2023

Chart The 2023 version of the “Thailand Investment Promotion Guide” involves encouraging the development of the fuel motorcycle industry

Chart Major fuel motorcycle manufacturers in Thailand from 2022 to 2023

Chart Thailand motorcycle production from 2018 to 2022

Chart 2018-2022 Domestic sales volume of motorcycles in Thailand

Chart 2018-2023 Thailand motorcycle parts import situation

Chart 2018-2022 Thailand motorcycle export volume

Chart 2018-2022 Thailand motorcycle export value

Chart of the main export destinations of Thai motorcycles in 2022

Chart Reference monthly salary for different positions in Thailand’s engineering technology field in 2022-2023

Chart Reference monthly salary for different positions in Thailand’s industrial sector

Chart Reference rent of industrial and logistics real estate in Thailand in 2022-2023

Chart Thailand water fee reference standards for 2022-2023

Chart Thailand electricity price

Chart Thailand Honda Co., Ltd. Overview

Chart 2018-2022 Number of fuel motorcycles sold by Honda Thailand Co., Ltd. in Thailand

Chart Overview of Yamaha Motorcycle Thailand Co., Ltd.

Chart 2018-2022 Number of fuel motorcycles sold by Yamaha Motorcycle Co., Ltd. in Thailand

Chart Overview of Vespa Thailand Co., Ltd.

Chart Number of fuel motorcycles sold by Vespa (Piaggio) in Thailand from 2018 to 2022

Chart Overview of GP Motor Thailand Co., Ltd.

Chart Number of fuel motorcycles sold by GP Motor in Thailand from 2018 to 2022

Chart Overview of Suzuki Motorcycle Thailand Co., Ltd.

Chart Number of fuel motorcycles sold by Suzuki Thailand Co., Ltd. in Thailand from 2018 to 202

Chart Overview of Kawasaki Motorcycle Thailand Co., Ltd.

Chart Number of fuel motorcycles sold by Kawasaki Motorcycle Thailand Co., Ltd. in Thailand from 2018 to 2022

Chart Thailand’s fuel motorcycle production forecast from 2023 to 2032

Chart Sales volume forecast of fuel motorcycles in Thailand’s domestic market from 2023 to 2032

Chart Sales Forecast of Fuel Motorcycles with Different Displacements in Thailand from 2023 to 2032

Chart Forecast of Thailand’s fuel motorcycle parts import value from 2023 to 2032

Chart Forecast of Thailand’s motorcycle export volume from 2023 to 2032

The post Thailand Fuel Motorcycle Industry Research Report 2023-2032 first appeared on CRI Report.

Steel has always been an essential raw material in the construction of bridges, buildings, roads and other infrastructure that guided industrialization. The Philippines ranks 20th among major steel importers, according to the World Steel Association. In 2021, the Philippines imported 7.2 million tons of steel from major steel producing countries such as China, India, Japan, and South Korea. Steel is an essential component in ensuring that infrastructure is built and designed to withstand time, weather and stress, so it is important for the Philippines to revive its steel industry to meet the growing demands of urbanization and development.

Among the steel yards mentioned earlier for epidemic prevention, we have to mention Steel Asia. It is the flagship steel company for epidemic prevention and supplies 2 million tons of rebar to the country every year. In 2023, Steel Asia Manufacturing Corp said it had agreed with China’s Bao steel Group, the world’s largest steelmaker, to build a P108 billion integrated steel plant in the defense sector to further expand its infrastructure and production capacity for heavy construction materials.

In the year 2022, as for the Philippines Import Data report, the nation imported iron and steel worth 5.23 billion USD from various nations. The trend of imports of iron and steel is more or less consistent in the past few years with a small decline observed in the year 2020 due to Covid-19 restrictions. In the year 2021, as for the report, the Philippines was the 28th biggest importer of iron and steel in the world. This was accompanied by iron and steel being the 6th most favorite import product of the Philippines.

The Philippines imported iron and steel from almost all the nations across the globe. If we need to pick the top countries from all, then as for the Philippines trade data records, the top 5 nations from whom the Philippines imported iron and steel in 2022 are as followed: China ranks first with a total of 2.18 billion USD, Japan ranks second with 747.28 million USD, Indonesia and Russia rank third and fourth respectively, and Vietnam ranks fifth with 328.43 million USD. In the previous year 2021, nations like China, Vietnam and Indonesia were the fastest growing countries that exported iron and steel to the Philippines.

As the Philippines is one of the most emerging and rapidly growing nations in the world, it is estimated that the demand for iron and steel would grow in the nation in the coming time. We can forecast this as being a developing nation, development and construction activities in the Philippines will keep on happening on a frequent basis for which iron and steel are needed. The domestic production, as well as international imports of these products, would rise which will create an impact on the Philippines imports data values.

Topics covered:

•  Philippines Steel Industry Overview
•  The economic and policy environment of Philippines’s steel industry
•  What is the impact of COVID-19 on the Philippines’s steel industry?
•  Philippines Steel Industry Market Size, 2023-2032
•  Analysis of the main Philippines’s steel production enterprises
•  Key drivers and market opportunities for Philippines’s steel industry
•  What are the key drivers, challenges and opportunities for Philippines’s steel industry during the forecast period 2023-2032?
•  Which companies are the key players in the Philippines steel industry market and what are their competitive advantages?
•  What is the expected revenue of Philippines steel industry market during the forecast period 2023-2032?
•  What are the strategies adopted by the key players in the market to increase their market share in the industry?
•  Which segment of the Philippines steel industry market is expected to dominate the market by 2032?
•  What are the main negative factors facing the steel industry in Philippines?

Table of Contents

1 Development Environment of Philippines Steel Industry

1.1 Economic Environment

1.1.1 Philippines’s Economy

1.1.2 Foreign Investment in Philippines Steel Industry

1.1.3 Minimum Wage Standard in Philippines

1.1.4 The impact of COVID-19 on Philippines’s Steel Industry

1.2 Policy Environment

1.2.1 Policies Related to Steel Industry

1.2.2 Preferential Policies on Foreign Investment

1.2.3 Anti-dumping measures

1.3 Research Methods of the Report

1.3.1 Parameters and Assumptions

1.3.2 Data Sources

1.3.3 About CRI

2 Market Status of Philippines Steel Industry, 2018-2022

2.1 Supply

2.1.1 Production Capacity

2.1.2 Production Volume

2.2 Demand on Philippines Steel Market

2.2.1 Total Demand

2.2.2 Demand Structure

2.2.3 Steel Price

2.3 Competition Structure of Philippines Steel Market

2.3.1 Upstream Suppliers

2.3.2 Downstream Customers

2.3.3 Competition in Steel Industry

2.3.4 Potential Entrants

2.3.5 Substitutes

3 Major steel products in Philippines

3.1 Flat steel products industry

3.1.1 Supply and Production Volume

3.1.2 Demand

3.1.3 Imports and Exports

3.2 Long steel products

3.2.1 Supply and Production Volume

3.2.2 Demand

3.2.3 Imports and Exports

3.3 Steel pipes

4 Analysis on Import and Export of Steel in Philippines, 2018-2022

4.1 Import

4.1.1 Import Overview

4.1.2 Major Import Sources

4.2 Export

4.2.1 Export Overview

4.2.2 Export Destinations

5 Major Steel Manufacturers in Philippines, 2018-2023

5.1 DN Steel Marketing, Inc

5.2 Steel Asia

5.3 Steel Centre Philippines, Inc

5.4 AMSTEEL Structures, Inc

5.5 ESC Steel Philippines Inc.

5.6 Sonic Steel Industries Inc.

5.7 Fabrication Manila

6 Prospect of Philippines Steel Market, 2023-2032

6.1 Factors Influencing Development

6.1.1 Market Opportunities and Driving Forces

6.1.2 Threats and Challenges

6.2 Forecast on Supply and Demand

6.2.1 Forecast on Production Volume

6.2.2 Forecast on Demand

6.2.3 Forecast on Import and Export

6.3 Analysis on Investment Opportunities in Philippines Steel Industry

LIST OF CHARTS

Chart Location of Philippines in Southeast Asia

Chart Philippines GDP per capita 2011-2022

Chart Minimum Daily Wage in Philippines 2011-2023

Chart Philippines’s steel import volume as a percentage of steel consumption

Chart Output Volume of Crude Steel in Philippines, 2018-2022

Chart Output Volume of Finished Steel in Philippines, 2018-2022

Chart Demand Volume of Finished Steel in Philippines, 2018-2022

Chart Demand Structure of Steel in Philippines in 2022

Chart Price Index of Philippines Import Steel

Chart Output Volume of Flat Steel in Philippines, 2018-2022

Chart Demand Volume of Flat Steel in Philippines, 2018-2022

Chart Import Volume of Flat Steel in Philippines, 2018-2022

Chart Export Volume of Flat Steel in Philippines, 2018-2022

Chart Output Volume of Long Steel in Philippines, 2018-2022

Chart Demand Volume of Long Steel in Philippines, 2018-2022

Chart Import Volume of Long Steel in Philippines, 2018-2022

Chart Export Volume of Long Steel in Philippines, 2018-2022

Chart Import Volume of Finished Steel in Philippines, 2018-2022

Chart Export Volume of Finished Steel in Philippines, 2018-2022

Chart Profile of DN Steel Marketing, Inc

Chart Profile of Steel Asia

Chart Profile of Steel Centre Philippines, Inc

Chart Profile of AMSTEEL Structures, Inc

Chart Profile of ESC Steel Philippines Inc.

Chart Forecast on Output Volume of Philippines Steel 2023-2032

Chart Forecast on Consumption of Philippines Steel 2023-2032

Chart Forecast on Import Volume of Philippines Steel 2023-2032

Chart Forecast on Export Volume of Philippines Steel 2023-2032

The post Philippines Steel Industry Research Report 2023-2032 first appeared on CRI Report.

Insurance is a major form of risk management and can be divided into two categories, property insurance and personal insurance, depending on the object of the insurance. Indonesia’s booming economy has contributed to the expansion of its insurance industry. Currently, Indonesia’s insurance industry is still at a certain stage of development, with a steady growth rate of over 10% since 2008, especially in life insurance.

However, it cannot be ignored that the insurance penetration rate in Indonesia is only 3.06% by 2021. The low penetration rate also means a large market for the industry. In addition to exploring the development direction of insurance innovation by itself, Indonesia is also constantly influenced by the technology business model of China and the US.

Indonesia’s insurance industry continues to decline in 2020 and 2021, before seeing a strong rebound in 2022. This growth is driven by strong economic recovery and increased frequency of extreme weather events, which have led to increased demand for natural disaster insurance products. According to CRI’s analysis, total premiums written in Indonesia show a fluctuating growth trend from 2018-2022, with a CAGR of 5.37% from 2018-2022. in 2022, total premiums written in Indonesia will be approximately USD 4.79 billion, an increase of 10.17% year-on-year.

According to CRI, the market size of gross written premiums will reach US$ 8.58 billion in 2032 and the CAGR in 2023 to 2032 is 6.00%.

In Indonesia, life insurance is generally larger than general insurance, with general insurance coming in second. Property insurance is the largest type of general insurance, and CRI expects it to account for 34.5% of general insurance premiums written in Indonesia by 2023. It is expected to grow at a CAGR of 8.6% from 2023-27. Growth in residential sector sales and the country’s increased exposure to recurring NatCat events will drive growth in property insurance in the country.

According to the National Disaster Management Agency, Indonesia recorded 3,544 NatCat events in 2022, including 28 earthquakes, 1,531 flood events and 1,068 other extreme weather events. This resulted in 95,403 property damage events, including 20,205 events with severe property damage, and property insurers are expected to incur losses of IDR 2.2 trillion (US$147.4 million) in 2022.

Financial insurance is the second largest insurance category and is expected to account for 22.1% of general insurance premiums by 2023, followed by auto insurance, which CRI expects to account for 17.7%. 25.7%.

Topics covered:

• Overview of the Indonesian Insurance Industry
• The Economic and Policy Environment of the Indonesian Insurance Industry
• What is the impact of COVID-19 on the Indonesian insurance industry?
• Indonesia Insurance Industry Market Size 2023-2032
• Analysis of major Indonesian insurance industry producers
• Key Drivers and Market Opportunities in Indonesia’s Insurance Industry
• What are the key drivers, challenges and opportunities for the Indonesian insurance industry during the forecast period 2023-2032?
• Which companies are the key players in the Indonesian insurance industry market and what are their competitive advantages?
• What is the expected revenue of Indonesia insurance industry market during the forecast period of 2023-2032?
• What are the strategies adopted by the key players in the market to increase their market share in the industry?
• Which segment of the Indonesian insurance industry market is expected to dominate the market in 2032?
• What are the main negative factors facing the insurance industry in Indonesia?

Related reports:

• Malaysia Insurance Industry Research Report 2023-2032
• Vietnam Insurance Industry Research Report 2023-2032
• Research Report on Southeast Asia Insurance Industry 2023-2032

Table of Contents

1 Overview of Indonesia

1.1 Geographical situation

1.2 Demographic structure of Indonesia

1.3 Economic situation in Indonesia

1.4 Minimum Wage in Indonesia 2013-2022

1.5 Impact of COVID-19 on the Indonesian insurance industry

2 Overview of the Indonesian insurance industry

2.1 History of Insurance Development in Indonesia

2.2 FDI in Indonesia’s insurance industry

2.3 Policy environment of the insurance industry in Indonesia

3 Number of participants in the Indonesian insurance market

3.1 Overview

3.2 Breakdown by type of insurance

4 Total premiums written in the Indonesian insurance market

4.1 Overview

4.2 Breakdown by insurance category

4.3 Breakdown by underwriter

5 Indonesia insurance market premium rates

5.1 Overview

5.2 Life insurance premium rates

5.3 Property insurance premium rates

6 Indonesia Insurance Market Insurance Claims

6.1 Overview of claim amounts

6.2 Number of life insurance policies in force

7 Indonesia Insurance Industry Market Competition

7.1 Barriers to entry in the Indonesian insurance industry

7.1.1 Brand barriers

7.1.2 Quality Barriers

7.1.3 Capital Barriers

8 Competitive structure of the Indonesian insurance industry

8.2 Bargaining power of insurance providers

8.3 Consumer bargaining power

8.4 Competition in the Indonesian Insurance Industry

8.5 Potential entrants in the insurance industry

9 Analysis of major insurance companies in Indonesia

9.1 Allianz Life

9.1.1 Overview of Allianz Life

9.1.2 Allianz Life Insurance Business Operations

9.2 AXA Financial Indonesia

9.2.1 AXA Financial Indonesia Corporate Profile

9.2.2 AXA Financial Indonesia Insurance Business Operations

9.3 Prudential Life Assurance

9.3.1 Prudential Life Assurance Corporate Profile

9.3.2 Prudential Life Assurance Insurance Business Operations

9.4 AIA Financial

9.4.1 AIA Financial Corporate Profile

9.4.2 AIA Financial Insurance Business Operations

9.5 Manulife Indonesia

9.5.1 Manulife Indonesia Corporate Profile

9.5.2 Manulife Indonesia Insurance Business Operations

9.6 PT Astra Insurance

9.6.1 PT Astra Insurance Corporate Profile

9.6.2 PT Astra Insurance Insurance Business Operations

9.7 PT Asuransi Jiwa Taspen (TASPEN Life Insurance)

9.7.1 PT Asuransi Jiwa Taspen (TASPEN Life Insurance) Corporate Profile

9.7.2 PT Asuransi Jiwa Taspen (TASPEN Life Insurance) Insurance Business Operations

9.8 PT Great Eastern Life Indonesia

9.8.1 PT Great Eastern Life Indonesia Corporate Profile

9.8.2 PT Great Eastern Life Indonesia Insurance Business Operations

9.9 PT Zurich Asuransi Indonesia

9.9.1 PT Zurich Asuransi Indonesia Corporate Profile

9.9.2 PT Zurich Asuransi Indonesia Insurance Business Operations

9.10 PT Asuransi Sinar Mas

9.10.1 PT Asuransi Sinar Mas Corporate Profile

9.10.2 PT Asuransi Sinar Mas Insurance Business Operations

11 Indonesia Insurance Industry Outlook 2023-2032

11.1 Indonesia Insurance Industry Development Factors Analysis

11.1.1 Drivers and Development Opportunities for Indonesia’s Insurance Industry

11.1.2 Threats and Challenges to Indonesia’s Insurance Industry

11.2 Forecast of the number of participants in the insurance industry in Indonesia

11.3 Indonesia Insurance Market Premium Rate Forecast

11.4 Forecast of Underwriting Costs in the Indonesian Insurance Industry

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A refrigerator is a machine used to keep items cold. It includes a heat-protected compartment and a heat pump that transfers heat from the inside to the outside, cooling the items below room temperature. It is used to cool food and different items. Refrigerators are commonly used in homes and businesses to provide a convenient and safe way to preserve food. To appeal to end users, industry manufacturers are working to introduce higher levels of luxury and novelty in refrigeration products.

The common format of the domestic refrigerator market in Indonesia can be segmented on the basis of product type (refrigerated only or refrigerated freezer), air circulation, number of doors, and capacity. The vast majority of products sold in the Indonesian refrigerator market include a compartment for frozen food, even though it is not accessible through a separate door and cannot freeze food at -18 degrees Celsius.

The market size of household appliances depends on various factors; population growth, number of households and increasing spending power are together contributing to the growth of demand for household appliances: according to CRI’s analysis, the number of households in Indonesia is increasing at a CAGR of 1.2%; Indonesia’s population is growing at a CAGR of 1.14%; Indonesia’s domestic consumer spending is growing at a CAGR of 3% The number of households in Indonesia is increasing at a CAGR of 1.2%; the population in Indonesia is growing at a CAGR of 1.14%; and domestic consumer spending in Indonesia is growing at a CAGR of 3%.

From 2018-2022, according to CRI’s analysis, the sales of refrigerators in Indonesia market shows a year-on-year growth trend with a CAGR of 6.25% from 2018 to 2022. in 2022, the sales of refrigerators in Indonesia market is nearly USD 4 billion.

According to CRI, the sales value of refrigerators will reach US$ 6030.04 million in 2032 and the CAGR in 2023 to 2032 is 4.19%.

Due to increasing modernization and technological advancements, Indonesia refrigerator market is expected to grow at a CAGR of 4.19% during the forecast period to reach USD 5.06 billion by 2028, according to an analysis by CRI. Moreover, growing urbanization, product innovation, and increasing revenues are expected to boost the Indonesian refrigerator market during the forecast period.

Topics covered:

• Indonesia Refrigerator Industry Overview
• Economic Environment and Policy Environment of the Refrigerator Industry in Indonesia
• What is the impact of COVID-19 on the Indonesian refrigerator industry?
• Indonesia Refrigerator Industry Market Size 2023-2032
• Analysis of major Indonesian refrigerator industry manufacturers
• Key Drivers and Market Opportunities in Indonesian Refrigerator Industry
• What are the key drivers, challenges and opportunities for the Refrigerator industry in Indonesia during the forecast period of 2023-2032?
• Which are the key players in Indonesia Refrigerator Industry market and what are their competitive advantages?
• What is the expected revenue of Indonesia Refrigerator Industry market during the forecast period 2023-2032?
• What are the strategies adopted by the key players in the market to increase their market share in the industry?
• Which segment of Indonesia Refrigerator Industry market is expected to dominate the market by 2032?
• What are the main negative factors facing the refrigerator industry in Indonesia?

Table of Contents

1 Overview of Indonesia

1.1 Geographical situation

1.2 Demographic structure of Indonesia

1.3 Economic situation in Indonesia

1.4 Minimum Wage in Indonesia 2013-2022

1.5 Impact of COVID-19 on the Indonesian Refrigerator Industry

2 Indonesia Refrigerator Industry Overview

2.1 History of refrigerator development in Indonesia

2.2 FDI in Indonesian Refrigerator Industry

2.3 Policy Environment of the Refrigerator Industry in Indonesia

3 Indonesia refrigerator industry supply and demand situation

3.1 Supply situation of Indonesian refrigerator industry

3.2 Indonesia Refrigerator Industry Demand Situation

4 Indonesia refrigerator industry import and export status

4.1.1 Indonesia refrigerator import volume and import value

4.1.2 Main Import Sources of Refrigerators in Indonesia

4.2 Export Status of Indonesian Refrigerator Industry

4.2.1 Indonesia Refrigerator Export Volume and Export Value

4.2.2 Main Export Destinations of Indonesian Refrigerators

5 Cost analysis of Indonesian refrigerator industry

6 Indonesia Refrigerator Industry Market Competition

6.1 Barriers to entry in the Indonesian refrigerator industry

6.1.1 Brand barriers

6.1.2 Quality Barriers

6.1.3 Capital Barriers

6.2 Competitive Structure of Indonesian Refrigerator Industry

6.2.1 Bargaining power of electric refrigerator suppliers

6.2.2 Consumer bargaining power

6.2.3 Competition in the Indonesian Refrigerator Industry

6.2.4 Potential entrants in the refrigerator industry

6.2.5 Alternatives to electric refrigerators

7 Indonesia Major Refrigerator Manufacturing and Sales Companies Analysis

7.1 PT. LG Electronics Indonesia.

7.1.1 Corporate Profile of PT. LG Electronics Indonesia

7.1.2 PT. LG Electronics Indonesia Corporate Refrigerator Sales

7.2 PT . Lx Pantos Indonesia.

7.2.1 PT . Lx Pantos Indonesia. corporate profile

7.2.2 PT . Lx Pantos Indonesia. enterprise refrigerator sales

7.3 PT . Phc Indonesia .

7.3.1 PT . Phc Indonesia. corporate profile

7.3.2 PT . Phc Indonesia. enterprise refrigerator sales

7.4 PT . Lx Pantos Indonesia Kawasan Industries

7.4.1 PT . Lx Pantos Indonesia Kawasan Industries Corporate Profile

7.4.2 PT . Lx Pantos Indonesia Kawasan Industries Enterprise Refrigerator Sales

7.5 Midea Electric Trading Singapure. Indonesia Trading Company.

7.5.1 Midea Electric Trading Singapure. Indonesia Trading Company. corporate profile

7.5.2 Midea Electric Trading Singapure. Indonesia Trading Company. Enterprise Refrigerator Sales

7.6 PT Surya Alam Tunggal. Indonesia.

7.6.1 Corporate Profile of PT Surya Alam Tunggal. Indonesia.

7.6.2 PT Surya Alam Tunggal. Indonesia. Enterprise Refrigerator Sales

7.7 Aqua/Sanyo

7.7.1 Aqua/Sanyo Corporate Profile

7.7.2 Aqua/Sanyo Corporate Refrigerator Sales

7.8 Polytron

7.8.1 Polytron Corporate Profile

7.8.2 Polytron Enterprise Refrigerator Sales

7.9 Sharp

7.9.1 Sharp Company Profile

7.9.2 Sharp Enterprises’ Refrigerator Sales

7.10 Panasonic

7.10.1 Panasonic Corporate Profile

7.10.2 Panasonic Corporate Refrigerator Sales

8 Indonesia Refrigerator Industry Outlook 2023-2032

8.1 Indonesia Refrigerator Industry Development Factors Analysis

8.1.1 Drivers and Development Opportunities for the Refrigerator Industry in Indonesia

8.1.2 Threats and Challenges to the Refrigerator Industry in Indonesia

8.2 Indonesia Refrigerator Industry Supply Forecast

8.3 Indonesia Refrigerator Market Demand Forecast

8.4 Indonesia Refrigerator Industry Import and Export Forecast

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