Price for Cereal Flours; Other than of Wheat or Meslin in Thailand - 2024
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in Thailand (FOB) - 2024
- Price for Cereal Flours; Other than of Wheat or Meslin in Thailand (CIF) - 2024
- Exports of Cereal Flours; Other than of Wheat or Meslin in Thailand
- Imports of Cereal Flours; Other than of Wheat or Meslin in Thailand
Price for Cereal Flours; Other than of Wheat or Meslin in Thailand (FOB) - 2024
The average export price for cereal flours; other than of wheat or meslin stood at $990 per ton in January 2024, shrinking by -3.1% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 5.4% against the previous month. The export price peaked at $1,026 per ton in November 2023; however, from December 2023 to January 2024, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In January 2024, the highest price was recorded for prices to Japan ($1,115 per ton) and the United States ($1,098 per ton), while the average price for exports to Lao People's Democratic Republic ($830 per ton) and Cambodia ($847 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flours; Other than of Wheat or Meslin in Thailand (CIF) - 2024
The average import price for cereal flours; other than of wheat or meslin stood at $893 per ton in January 2024, rising by 12% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $1,072 per ton in May 2023; however, from June 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Australia ($960 per ton), while the price for India ($468 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Australia (+2.6%), while the prices for the other major suppliers experienced a decline.
Exports of Cereal Flours; Other than of Wheat or Meslin in Thailand
In 2022, exports of cereal flours; other than of wheat or meslin from Thailand declined modestly to 157K tons, reducing by -3.1% against the year before. Overall, exports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2021 when exports increased by 1.6% against the previous year.
In value terms, exports of cereal flours; other than of wheat or meslin shrank to $156M in 2022. Over the period under review, exports recorded a mild descent. The most prominent rate of growth was recorded in 2020 with an increase of 4.7% against the previous year. As a result, the exports attained the peak of $171M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Cereal Flours; Other than of Wheat or Meslin in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.8 | 28.0 | 33.8 | 31.5 | 1.9% |
| Malaysia | 20.2 | 22.9 | 18.9 | 19.8 | -0.7% |
| Japan | 22.5 | 23.3 | 20.9 | 19.5 | -4.7% |
| United States | 16.2 | 17.7 | 16.9 | 15.4 | -1.7% |
| Hong Kong SAR | 19.4 | 17.2 | 19.6 | 14.3 | -9.7% |
| Philippines | 14.5 | 18.0 | 13.5 | 13.0 | -3.6% |
| Myanmar | 0.2 | 4.1 | 5.6 | 6.9 | 225.5% |
| Singapore | 5.0 | 5.3 | 5.2 | 4.8 | -1.4% |
| Australia | 4.7 | 5.5 | 4.0 | 4.0 | -5.2% |
| Lao People's Democratic Republic | 3.7 | 3.3 | 3.8 | 3.9 | 1.8% |
| Taiwan (Chinese) | 3.4 | 2.9 | 2.8 | 3.7 | 2.9% |
| Cambodia | 3.2 | 3.9 | 3.9 | 3.5 | 3.0% |
| Canada | 3.0 | 3.3 | 3.2 | 2.9 | -1.1% |
| Others | 17.9 | 15.8 | 15.3 | 12.7 | -10.8% |
| Total | 164 | 171 | 167 | 156 | -1.7% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Thailand in 2022:
- China (30.7K tons)
- Malaysia (20.4K tons)
- Japan (19.3K tons)
- Philippines (16.1K tons)
- United States (13.6K tons)
- Hong Kong SAR (12.5K tons)
- Lao People's Democratic Republic (5.5K tons)
- Singapore (5.5K tons)
- Myanmar (5.1K tons)
- Taiwan (Chinese) (4.9K tons)
- Cambodia (4.2K tons)
- Australia (4.1K tons)
- Canada (2.7K tons)
Imports of Cereal Flours; Other than of Wheat or Meslin in Thailand
Imports of cereal flours; other than of wheat or meslin into Thailand skyrocketed to 17K tons in 2022, increasing by 18% against the previous year's figure. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, imports of cereal flours; other than of wheat or meslin skyrocketed to $15M in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Cereal Flours; Other than of Wheat or Meslin in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.2 | 3.5 | 5.5 | 7.0 | 47.1% |
| France | 1.5 | 1.9 | 2.6 | 2.9 | 24.6% |
| Australia | 0.7 | 0.8 | 1.8 | 2.1 | 44.2% |
| India | 0.5 | 0.6 | 0.5 | 0.6 | 6.3% |
| Cambodia | 0.5 | 0.6 | 0.4 | 0.6 | 6.3% |
| New Zealand | 0.2 | 0.1 | 0.4 | 0.5 | 35.7% |
| Hungary | 0.5 | 0.3 | 0.4 | 0.2 | -26.3% |
| Myanmar | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Others | 0.5 | 0.8 | 1.0 | 1.2 | 33.9% |
| Total | 6.6 | 8.9 | 12.6 | 15.2 | 32.1% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Thailand in 2022:
- United Kingdom (7.2K tons)
- France (3.3K tons)
- Australia (2.9K tons)
- India (1.3K tons)
- Cambodia (0.9K tons)
- New Zealand (0.7K tons)
- Hungary (0.3K tons)
- Myanmar (0.2K tons)
526
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