Thailand - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPork Price in Thailand - 2023
Contents:
- Pork Price in Thailand (FOB) - 2023
- Pork Price in Thailand (CIF) - 2022
- Pork Exports in Thailand
- Pork Imports in Thailand
Pork Price in Thailand (FOB) - 2023
The average pork export price stood at $3,404 per ton in September 2023, with a decrease of -6.4% against the previous month. Overall, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 25% m-o-m. As a result, the export price reached the peak level of $4,807 per ton. From December 2022 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Hong Kong SAR ($3,688 per ton), while the average price for exports to Myanmar stood at $2,138 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-1.9%).
Pork Price in Thailand (CIF) - 2022
The average pork import price stood at $5,064 per ton in 2022, with an increase of 83% against the previous year. In general, the import price saw a prominent expansion. The pace of growth appeared the most rapid in 2019 an increase of 420% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual 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 the Netherlands ($27,750 per ton), while the price for Brazil ($1,373 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+61.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Pork Exports in Thailand
In 2022, shipments abroad of pork decreased by -89.6% to 1.5K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a sharp setback. The growth pace was the most rapid in 2020 when exports increased by 271%. As a result, the exports reached the peak of 26K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, pork exports shrank notably to $5.3M in 2022. Overall, exports showed a precipitous setback. The pace of growth was the most pronounced in 2020 when exports increased by 306%. As a result, the exports reached the peak of $105M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Pork in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 23.8 | 102 | 53.3 | 4.1 | -44.4% |
| Myanmar | 0.1 | 0.5 | 0.9 | 1.2 | 128.9% |
| Cambodia | 0.2 | 1.2 | 0.4 | N/A | 41.4% |
| Lao People's Democratic Republic | 1.3 | 1.1 | 0.4 | N/A | -44.5% |
| Others | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Total | 25.7 | 105 | 55.1 | 5.3 | -40.9% |
Top Export Markets for Pork from Thailand in 2022:
- Hong Kong SAR (896.4 tons)
- Myanmar (459.0 tons)
- Cambodia (120.9 tons)
- Lao People's Democratic Republic (7.7 tons)
Pork Imports in Thailand
In 2022, the amount of pork imported into Thailand skyrocketed to 141 tons, picking up by 43% on the previous year. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 302,040%. As a result, imports reached the peak of 740 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, pork imports skyrocketed to $714K in 2022. Overall, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 264,844%. As a result, imports attained the peak of $1.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Pork in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 56.2 | 263 | 358 | 152.4% |
| Spain | N/A | 1.8 | 9.7 | 319 | 1231.2% |
| Brazil | N/A | 1,107 | N/A | 36.9 | -81.7% |
| Netherlands | N/A | 172 | N/A | 0.1 | -97.6% |
| Germany | N/A | 198 | N/A | 0.1 | -97.8% |
| Venezuela | N/A | 8.8 | N/A | N/A | 0% |
| Paraguay | N/A | 165 | N/A | N/A | 0% |
| Canada | N/A | 32.7 | N/A | N/A | 0% |
| Others | 0.7 | N/A | N/A | 0.4 | -17.0% |
| Total | 0.7 | 1,741 | 273 | 714 | 906.6% |
Top Suppliers of Pork to Thailand in 2022:
- Netherlands (undefined tons)
- Germany (undefined tons)
- Spain (93.2 tons)
- Brazil (26.9 tons)
- Japan (20.9 tons)
This report provides an in-depth analysis of the pork 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 1035 - Pig meat
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, PRODUCING ANIMALS 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
- Producing Animals Slaughtered, 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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