ASEAN KEY DESTINATIONS
January 17, 2008
Thailand's electronics and electrical appliance production is expected to expand by 2-4 per cent this year since exports to the European Union and the Middle East have increased and local consumption has risen slightly, according to the Electrical and Electronics Institute.
Institute president Charuek Hengrasmee predicted the exports of electrical appliances this year would grow by 10-12 per cent over the US$17.79 billion in exports last year because the volume of products, particularly air-conditioners and refrigerators, to the EU market would surge by 25 per cent.
Exports to the United States had gradually dropped during the past year, but are expected to recover in the third and fourth quarters of this year.
Exports of Thai electrical and electronics products are projected to increase by 12-15 per cent to around $33.46 billion since the demand for higher-technology products and electrical appliances in households remains high.
He revealed the electronics and electrical appliance exports reached $41.4 billion from January to November 2007.
Of this, $14.76 billion worth are electronics and $26.64 billion are electrical appliances.
The exports of electronics and electrical appliances had increased to all destinations except the US since 2006.
The overall electrical appliance industry in 2007 had grown 2 per cent due to increased sales of air-conditioners and that of electronics had surged 27 per cent as a result of surging sales of hard disk and IC drives.