Thailand - Vegetable Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVegetable Product Price in Thailand - 2023
Contents:
- Vegetable Product Price in Thailand (CIF) - 2023
- Vegetable Product Price in Thailand (FOB) - 2023
- Vegetable Product Imports in Thailand
- Vegetable Product Exports in Thailand
Vegetable Product Price in Thailand (CIF) - 2023
In September 2023, the average vegetable product import price amounted to $2,265 per ton, with an increase of 53% against the previous month. Overall, the import price, however, recorded a slight decrease. The most prominent rate of growth was recorded in March 2023 an increase of 99% m-o-m. Over the period under review, average import prices attained the maximum at $3,622 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($3,463 per ton), while the price for Lao People's Democratic Republic ($454 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Myanmar (+96.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Vegetable Product Price in Thailand (FOB) - 2023
The average vegetable product export price stood at $4,113 per ton in September 2023, growing by 57% against the previous month. Overall, the export price enjoyed a buoyant increase. The pace of growth appeared the most rapid in May 2023 an increase of 155% month-to-month. As a result, the export price attained the peak level of $6,236 per ton. From June 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Malaysia ($7,684 per ton), while the average price for exports to China ($1,247 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.
Vegetable Product Imports in Thailand
In 2022, overseas purchases of vegetable products decreased by -13.7% to 9.9K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 39% against the previous year.
In value terms, vegetable product imports reduced notably to $12M in 2022. The total import value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. As a result, imports attained the peak of $14M, and then declined dramatically in the following year.
| Import of Vegetable Product in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 6.6 | 7.2 | 6.4 | 3.9% |
| Vietnam | 2.0 | 1.0 | 1.5 | 1.9 | -1.7% |
| Lao People's Democratic Republic | 1.9 | 1.8 | 1.6 | 1.8 | -1.8% |
| Indonesia | 0.9 | 1.0 | 1.1 | 0.5 | -17.8% |
| Italy | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Myanmar | N/A | 1.0 | 1.9 | 0.2 | -55.3% |
| Others | 0.3 | 0.6 | 0.4 | 0.5 | 18.6% |
| Total | 10.9 | 11.9 | 14.0 | 11.7 | 2.4% |
Top Suppliers of Vegetable Product to Thailand in 2022:
- Lao People's Democratic Republic (5.8K tons)
- China (2.0K tons)
- Italy (0.8K tons)
- Vietnam (0.5K tons)
- Myanmar (0.3K tons)
- Indonesia (0.2K tons)
Vegetable Product Exports in Thailand
In 2022, the amount of vegetable products exported from Thailand dropped dramatically to 2.6K tons, with a decrease of -16.3% against 2021 figures. Overall, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year.
In value terms, vegetable product exports skyrocketed to $3.9M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Vegetable Product in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 776 | 767 | 1,148 | 2,104 | 39.4% |
| Myanmar | N/A | 1.9 | 18.0 | 989 | 2181.5% |
| China | 1,076 | 175 | 861 | 335 | -32.2% |
| Taiwan (Chinese) | 116 | 197 | 199 | 150 | 8.9% |
| Lao People's Democratic Republic | 264 | 99.2 | 7.3 | 134 | -20.2% |
| Others | 985 | 898 | 611 | 225 | -38.9% |
| Total | 3,218 | 2,138 | 2,845 | 3,938 | 7.0% |
Top Export Markets for Vegetable Product from Thailand in 2022:
- Myanmar (1363.5 tons)
- China (657.2 tons)
- Japan (419.4 tons)
- Lao People's Democratic Republic (68.0 tons)
- Taiwan (Chinese) (28.9 tons)
This report provides an in-depth analysis of the vegetable product market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 156 - Sugar cane
- FCL 161 - Sugar crops nes
- FCL 459 - Chicory roots
- FCL 460 - Vegetable products, fresh or dry nes
- FCL 461 - Carobs
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the vegetable product market in Thailand.
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Global chicory consumption amounted to X thousand tons in 2015, dropping by -X% against the previous year level.
3825
In 2015, the country with the largest volume of the chicory output was Belgium (X thousand tons), accounting for X% of global production.
1574
Despite somewhat disappointing export numbers in 2014, Italy continued to lead the way in the global chicory trade. In 2014, Italy exported X thousand tons of chicory totaling X million USD, X% under the previous year. Its primary trading partner w
1150
Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.9%
6671
Global sugar beet consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
2338
In 2015, the countries with the highest levels of sugar beet production were France (X thousand tons), Germany (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
2233
The Netherlands dominates in the global sugar beet trade. In 2014, the Netherlands exported X thousand tons of sugar beet totaling X million USD, X% over the previous year. Its primary trading partner was Germany, where it supplied X% of its tot
3505
Global sugar cane consumption amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
1881
In 2015, the country with the largest volume of the sugar cane output was Brazil (X thousand tons), accounting for X% of global production.
2327
Spain continued its dominance in the global sugar cane trade. In 2014, Spain exported X kt of sugar cane totaling $X, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total sugar cane exports in
