Thailand - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAvocado Price in Thailand - 2023
Contents:
- Avocado Price in Thailand (CIF) - 2023
- Avocado Price in Thailand (FOB) - 2022
- Avocado Imports in Thailand
- Avocado Exports in Thailand
Avocado Price in Thailand (CIF) - 2023
The average avocado import price stood at $4,806 per ton in September 2023, flattening at the previous month. In general, import price indicated modest growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, avocado import price increased by +23.8% against July 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 39% m-o-m. As a result, import price reached the peak level of $8,377 per ton. From April 2023 to September 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was New Zealand ($4,864 per ton), while the price for Australia totaled $4,595 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Peru (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Avocado Price in Thailand (FOB) - 2022
In 2022, the average avocado export price amounted to $615 per ton, falling by -22% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of 33% against the previous year. The export price peaked at $3,023 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($1,347 per ton), while the average price for exports to Lao People's Democratic Republic ($428 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.0%), while the prices for the other major destinations experienced a decline.
Avocado Imports in Thailand
In 2022, purchases abroad of avocados decreased by -24.4% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +11.4% 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 +38.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports reached the peak of 2.1K tons, and then dropped markedly in the following year.
In value terms, avocado imports fell notably to $8.5M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 67% against the previous year.
Import of Avocado in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 5.0 | 7.7 | 6.8 | 5.3 | 2.0% |
Peru | 0.3 | 2.7 | 3.9 | 3.2 | 120.1% |
Myanmar | 0.9 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 6.2 | 10.4 | 10.7 | 8.5 | 11.1% |
Top Suppliers of Avocado to Thailand in 2022:
- New Zealand (960.4 tons)
- Peru (614.9 tons)
Avocado Exports in Thailand
In 2022, approx. 148 tons of avocados were exported from Thailand; rising by 15% on the previous year. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 3,291%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, avocado exports fell to $91K in 2022. In general, exports showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 4,401% against the previous year.
Export of Avocado in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lao People's Democratic Republic | N/A | 14.3 | 22.8 | 51.2 | 89.2% |
Myanmar | 0.4 | 34.4 | 66.0 | 18.1 | 256.3% |
Bangladesh | 0.5 | 0.2 | 1.0 | 5.9 | 127.7% |
Malaysia | N/A | N/A | 2.0 | 3.2 | 60.0% |
Others | 0.4 | 10.4 | 9.4 | 12.6 | 215.8% |
Total | 1.3 | 59.3 | 101 | 91.1 | 312.3% |
Top Export Markets for Avocado from Thailand in 2022:
- Lao People's Democratic Republic (119.7 tons)
- Myanmar (15.9 tons)
- Bangladesh (8.2 tons)
- Malaysia (2.4 tons)
This report provides an in-depth analysis of the avocado 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 572 - Avocados
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
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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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The pace of growth for Avocado imports was the most pronounced in April 2023, with a 101% increase compared to the previous month. In terms of value, Avocado imports surged to $753K in September 2023.
In June 2023, the price of Mango and Mangosteen was $1,656 per ton (FOB, Thailand), showing a decrease of 11.5% compared to the previous month.
Explore the top import markets for avocados and their key statistics. From the United States to Italy, these countries play a vital role in meeting the global demand for avocados. Learn more about the market trends and dynamics within the avocado import industry.
The global avocado market revenue amounted to $13.5B in 2018, reducing by -9.3% against the previous year. This...
Global avocado consumption totaled X tons in 2017, increasing by X% against the previous year.
In 2016, the avocados market increased to X tons, expanding at +X% per year from 2007 to 2016. Over the last six years, market displayed a consistent growth; it accelerated sharply from 2011-2016 after a period of relatively flat trend pattern
Global avocado consumption amounted to X thousand tons in 2015, increasing by +X% against the previous year level.
Global avocado exports amounted to X thousand tons in 2015, rising by +X% against the previous year level.
Global avocado imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
In 2015, the country with the largest volume of the avocado output was Mexico (X thousand tons), accounting for X% of global production.