Thailand - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSweet Potato Price in Thailand - 2023
Contents:
- Sweet Potato Price in Thailand (CIF) - 2023
- Sweet Potato Price in Thailand (FOB) - 2023
- Sweet Potato Imports in Thailand
- Sweet Potato Exports in Thailand
Sweet Potato Price in Thailand (CIF) - 2023
In July 2023, the average sweet potato import price amounted to $1,966 per ton, rising by 22% against the previous month. Over the period under review, the import price recorded noticeable growth. The most prominent rate of growth was recorded in January 2023 an increase of 40% against the previous month. The import price peaked at $2,039 per ton in April 2023; afterwards, it flattened through to July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($3,502 per ton), while the price for Lao People's Democratic Republic ($472 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Sweet Potato Price in Thailand (FOB) - 2023
The average sweet potato export price stood at $797 per ton in July 2023, jumping by 18% against the previous month. Overall, the export price enjoyed a notable increase. The growth pace was the most rapid in May 2023 an increase of 159% against the previous month. As a result, the export price attained the peak level of $1,795 per ton. From June 2023 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Malaysia ($3,460 per ton), while the average price for exports to Myanmar ($348 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.
Sweet Potato Imports in Thailand
After three years of growth, supplies from abroad of sweet potatoes decreased by -30.1% to 23K tons in 2022. Over the period under review, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 57%. As a result, imports reached the peak of 33K tons, and then shrank remarkably in the following year.
In value terms, sweet potato imports plummeted to $24M in 2022. Overall, imports, however, showed strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 51%.
| Import of Sweet Potato in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 7.9 | 12.7 | 16.4 | 9.2 | 5.2% |
| Japan | 3.1 | 5.1 | 8.1 | 6.8 | 29.9% |
| Lao People's Democratic Republic | 3.5 | 3.3 | 7.3 | 6.3 | 21.6% |
| China | 0.2 | 1.0 | 1.0 | 1.3 | 86.6% |
| Cambodia | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | 0.4 | 0.8 | 0.6 | 0.8 | 26.0% |
| Total | 15.4 | 23.2 | 33.6 | 24.4 | 16.6% |
Top Suppliers of Sweet Potato to Thailand in 2022:
- Lao People's Democratic Republic (13.3K tons)
- Vietnam (7.3K tons)
- Japan (1.7K tons)
- China (0.5K tons)
Sweet Potato Exports in Thailand
In 2022, approx. 1K tons of sweet potatoes were exported from Thailand; rising by 152% against the year before. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 1,331% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, sweet potato exports skyrocketed to $653K in 2022. In general, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 459% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.
| Export of Sweet Potato in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | 22.2 | 346 | 1458.6% |
| Malaysia | 7.0 | 85.8 | 62.7 | 117 | 155.7% |
| Myanmar | N/A | 99.4 | 40.7 | 85.2 | -7.4% |
| Australia | N/A | 1.0 | N/A | 45.3 | 573.1% |
| United States | N/A | N/A | N/A | 26.1 | 0% |
| New Zealand | N/A | N/A | 0.3 | 23.6 | 7766.7% |
| Lao People's Democratic Republic | N/A | 45.9 | 54.1 | N/A | 17.9% |
| Others | 38.3 | 21.7 | 5.0 | 10.9 | -34.2% |
| Total | 45.4 | 254 | 185 | 653 | 143.2% |
Top Export Markets for Sweet Potato from Thailand in 2022:
- Netherlands (548.1 tons)
- Myanmar (195.5 tons)
- Malaysia (163.9 tons)
- United States (37.8 tons)
- Australia (36.0 tons)
- New Zealand (17.8 tons)
This report provides an in-depth analysis of the sweet potato 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 122 - Sweet potatoes
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
1458
This report provides an in-depth analysis of the sweet potato market in Thailand.
377
This report provides an in-depth analysis of the taro (cocoyam) market in Thailand.
530
This report provides an in-depth analysis of the root and tuber market in Thailand.
192
This report provides an in-depth analysis of the market for roots and tubers, nes in Thailand.
365
This report provides an in-depth analysis of the yautia (cocoyam) market in Thailand.
349
This report provides an in-depth analysis of the yams market in Thailand.
2067
This report provides an in-depth analysis of the cassava market in Thailand.
654
This report provides an in-depth analysis of the vegetable and melon market in Thailand.
408
This report provides an in-depth analysis of the frozen poultry liver market in Thailand.
537
This report provides an in-depth analysis of the frozen chicken cut market in Thailand.
1176
Sweet potato imports in the Netherlands, Germany and Spain is gaining momentum. From 2018 to 2020, imports to Germany increased by 20% and reached 47.4K tons. Over the same period, supplies to Spain tripled from 3.8K to 15.3K tons, while imports to the Netherlands rose by 44% and peaked at 174K tons. In 2020, the Netherlands overcame the UK and emerged as the top sweet potato importer.
12623
Global sweet potato consumption amounted to X thousand tons in 2015, waning by -X% against the previous year level.
7773
In 2015, the country with the largest volume of the sweet potato output was China (X thousand tons), accounting for X% of global production.
3458
According to a recently published report by IndexBox Marketing, China is the world's largest sweet potato producer and consumer. Set against a stagnation in demand in China's domestic market, Chinese sweet potato producers are now intending to supply t
1578
Inventure Foods, Inc. has launched a new product joining the well-known TGI Friday'sTM licensed snack line - Sweet Potato Skins. The new snack is anticipated to be an attention grabber, what with sweet potatoes suddenly being in high demand
229
Explore the top import markets for root and tuber crops, backed by data from the IndexBox market intelligence platform. Discover the import values and key statistics of the world's leading countries in this market.
1347
Global roots and tubers consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.
1287
Global roots and tubers exports amounted to X thousand tons in 2015, rising by +X% against the previous year level.
1365
Global roots and tubers imports amounted to X thousand tons in 2015, falling by -X% against the previous year level.
1620
In 2015, the country with the largest volume of the roots and tubers output was Ethiopia (X thousand tons), accounting for X% of global production.
