Thailand - Chestnut - Market Analysis, Forecast, Size, Trends and Insights
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View PricingChestnut Price in Thailand - 2023
Contents:
- Chestnut Price in Thailand (CIF) - 2023
- Chestnut Price in Thailand (FOB) - 2022
- Chestnut Imports in Thailand
- Chestnut Exports in Thailand
Chestnut Price in Thailand (CIF) - 2023
In November 2023, the average chestnut import price amounted to $2,773 per ton, waning by -1.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in August 2023 an increase of 29% against the previous month. As a result, import price attained the peak level of $3,162 per ton. From September 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to +1.2% per month.
Chestnut Price in Thailand (FOB) - 2022
The average chestnut export price stood at $114 per ton in 2022, declining by -96.5% against the previous year. Over the period under review, the export price faced a sharp contraction. The growth pace was the most rapid in 2017 an increase of 22% against the previous year. Over the period under review, the average export prices reached the maximum at $3,829 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($1,542 per ton), while the average price for exports to Cambodia ($11 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 China (+0.9%), while the prices for the other major destinations experienced a decline.
Chestnut Imports in Thailand
In 2022, approx. 6.5K tons of chestnuts were imported into Thailand; with an increase of 93% on the previous year. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, chestnut imports skyrocketed to $16M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Chestnut in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.5 | 13.0 | 8.8 | 15.8 | 8.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 12.5 | 13.0 | 8.8 | 15.8 | 8.1% |
Top Suppliers of Chestnut to Thailand in 2022:
- China (6.5K tons)
Chestnut Exports in Thailand
Chestnut exports from Thailand dropped remarkably to 69 tons in 2022, waning by -42.7% compared with 2021 figures. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 32,623% against the previous year. As a result, the exports attained the peak of 120 tons, and then contracted significantly in the following year.
In value terms, chestnut exports shrank remarkably to $7.9K in 2022. Over the period under review, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 28,213%. As a result, the exports reached the peak of $399K, and then declined remarkably in the following year.
| Export of Chestnut in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | 14.7 | 5.6 | -61.9% |
| India | N/A | N/A | 2.3 | 1.4 | -39.1% |
| Cambodia | N/A | 0.2 | N/A | 0.4 | 41.4% |
| Brunei Darussalam | N/A | N/A | 0.3 | 0.3 | 0.0% |
| Bahrain | N/A | 1.2 | N/A | 0.1 | -71.1% |
| China | 82.7 | N/A | 382 | N/A | 114.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 82.7 | 1.4 | 399 | 7.9 | -54.3% |
Top Export Markets for Chestnut from Thailand in 2022:
- Cambodia (35.3 tons)
- India (25.5 tons)
- Myanmar (3.7 tons)
- Brunei Darussalam (2.3 tons)
- Bahrain (2.2 tons)
This report provides an in-depth analysis of the chestnut 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 220 - Chestnuts
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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In August 2023, the growth of Chestnut imports reached its highest pace, with a month-on-month increase of 84%. The value of these imports soared to $2.3M in November 2023.
268
The value of imports of Chestnut decreased to $672K in July 2023.
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In April 2023, the areca nut price stood at $1,114 per ton (FOB, Thailand), waning by -10.8% against the previous month.
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China remains an unrivaled leader in global chestnut consumption with a share of 81% of the total market. Chestnuts are widely used there in cooking, roasted with sugar, or for processing. The vast majority of chestnuts in China are produced domestically. Italy acts as the major importer of chestnuts worldwide, while Turkey, Portugal and France feature the highest pace of import growth.
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Global chestnut consumption amounted to X thousand tons in 2015, rising by +X% against the previous year level.
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Global chestnut exports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the country with the largest volume of the chestnut output was China (X thousand tons), accounting for X% of global production.
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China dominates in the global chestnut trade. In 2014, China exported X thousand tons of chestnut totaling X million USD, X% under the previous year. Its primary trading partner was Thailand, where it supplied X% of its total chestnut exports in v
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