Thailand - Fruits - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFruit Price in Thailand - 2023
Contents:
- Fruit Price in Thailand (FOB) - 2022
- Fruit Price in Thailand (CIF) - 2022
- Fruit Exports in Thailand
- Fruit Imports in Thailand
Fruit Price in Thailand (FOB) - 2022
The average fruit export price stood at $2,383 per ton in 2022, approximately mirroring the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 51% against the previous year. The export price peaked at $2,399 per ton in 2021, and then declined slightly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($2,768 per ton), while the average price for exports to Vietnam ($487 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 Hong Kong SAR (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.
Fruit Price in Thailand (CIF) - 2022
In 2022, the average fruit import price amounted to $1,331 per ton, with an increase of 8% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 an increase of 23%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($2,302 per ton), while the price for Lao People's Democratic Republic ($297 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Fruit Exports in Thailand
In 2022, shipments abroad of fruits decreased by -11.9% to 1.8M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, the exports attained the peak of 2.1M tons, and then declined in the following year.
In value terms, fruit exports reduced to $4.4B in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +49.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 51%. As a result, the exports attained the peak of $5B, and then contracted in the following year.
| Export of Fruit in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,613 | 2,333 | 4,224 | 3,840 | 33.5% |
| Hong Kong SAR | 271 | 334 | 243 | 125 | -22.7% |
| Malaysia | 16.1 | 42.5 | 90.0 | 95.5 | 81.0% |
| Indonesia | 82.5 | 45.7 | 63.4 | 83.1 | 0.2% |
| Vietnam | 757 | 397 | 180 | 40.7 | -62.3% |
| Others | 200 | 178 | 217 | 208 | 1.3% |
| Total | 2,939 | 3,331 | 5,017 | 4,392 | 14.3% |
Top Export Markets for Fruit from Thailand in 2022:
- China (1387.1K tons)
- Malaysia (160.0K tons)
- Vietnam (83.7K tons)
- Indonesia (67.5K tons)
- Hong Kong SAR (47.6K tons)
Fruit Imports in Thailand
In 2022, purchases abroad of fruits decreased by -2.2% to 584K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 37%. As a result, imports attained the peak of 694K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, fruit imports expanded markedly to $778M in 2022. The total import value increased at an average annual rate of +14.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Fruit in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 291 | 483 | 538 | 585 | 26.2% |
| Australia | 41.9 | 39.2 | 49.2 | 57.6 | 11.2% |
| New Zealand | 61.0 | 53.3 | 52.6 | 53.6 | -4.2% |
| United States | 29.7 | 24.2 | 18.4 | 18.2 | -15.1% |
| Lao People's Democratic Republic | 7.8 | 21.0 | 14.5 | 7.2 | -2.6% |
| Cambodia | 6.2 | 9.7 | 11.5 | 6.9 | 3.6% |
| Vietnam | 12.3 | 12.1 | 10.0 | 5.8 | -22.2% |
| Others | 64.0 | 49.8 | 42.1 | 43.4 | -12.1% |
| Total | 514 | 692 | 736 | 778 | 14.8% |
Top Suppliers of Fruit to Thailand in 2022:
- China (447.6K tons)
- New Zealand (25.5K tons)
- Australia (25.0K tons)
- Lao People's Democratic Republic (24.2K tons)
- Cambodia (22.8K tons)
- United States (9.9K tons)
- Vietnam (6.9K tons)
This report provides an in-depth analysis of the fruit 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 515 - Apples
- FCL 521 - Pears
- FCL 523 - Quinces
- FCL 526 - Apricots
- FCL 534 - Peaches and nectarines
- FCL 536 - Plums
- FCL 486 - Bananas
- FCL 489 - Plantains
- FCL 577 - Dates
- FCL 569 - Figs
- FCL 574 - Pineapples
- FCL 572 - Avocados
- FCL 571 - Mangoes
- FCL 490 - Oranges
- FCL 495 - Tangerines, mandarins, clementines, satsumas
- FCL 507 - Grapefruit and pomelo
- FCL 497 - Lemons and limes
- FCL 512 - Citrus fruit nes
- FCL 560 - Grapes
- FCL 567 - Watermelons
- FCL 568 - Melons, Cantaloupes
- FCL 600 - Papayas
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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