Thailand - Citrus Fruit - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCitrus Fruit Price in Thailand - 2023
Contents:
- Citrus Fruit Price in Thailand (CIF) - 2022
- Citrus Fruit Price in Thailand (FOB) - 2022
- Citrus Fruit Imports in Thailand
- Citrus Fruit Exports in Thailand
Citrus Fruit Price in Thailand (CIF) - 2022
In 2022, the average citrus fruit import price amounted to $1,197 per ton, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2021 when the average import price increased by 16%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($1,800 per ton), while the price for Cambodia ($505 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Citrus Fruit Price in Thailand (FOB) - 2022
In 2022, the average citrus fruit export price amounted to $1,073 per ton, increasing by 4.2% against the previous year. Overall, the export price recorded a buoyant increase. The growth pace was the most rapid in 2013 an increase of 42% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($2,726 per ton), while the average price for exports to Vietnam ($440 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 (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.
Citrus Fruit Imports in Thailand
In 2022, overseas purchases of citrus fruits decreased by -19.9% to 96K tons, falling for the second year in a row after two years of growth. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 94%. As a result, imports attained the peak of 121K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, citrus fruit imports contracted to $114M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.5% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 69%.
| Import of Citrus Fruit in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.9 | 82.6 | 88.9 | 80.0 | 26.1% |
| Australia | 21.4 | 20.6 | 28.5 | 30.0 | 11.9% |
| Myanmar | 1.1 | 1.8 | 1.6 | 2.6 | 33.2% |
| Cambodia | N/A | 1.5 | 4.2 | 1.0 | -18.4% |
| Others | 1.4 | 1.3 | 0.6 | 0.7 | -20.6% |
| Total | 63.7 | 108 | 124 | 114 | 21.4% |
Top Suppliers of Citrus Fruit to Thailand in 2022:
- China (72.4K tons)
- Australia (16.6K tons)
- Myanmar (3.7K tons)
- Cambodia (2.0K tons)
Citrus Fruit Exports in Thailand
Citrus fruit exports from Thailand soared to 50K tons in 2022, with an increase of 17% on 2021. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 42%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, citrus fruit exports soared to $54M in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Citrus Fruit in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.2 | 11.5 | 27.4 | 30.1 | 48.5% |
| Hong Kong SAR | 3.2 | 5.6 | 4.7 | 10.3 | 47.6% |
| Myanmar | 0.2 | 3.1 | 3.3 | 4.6 | 184.4% |
| Malaysia | N/A | 0.2 | 4.3 | 3.7 | 330.1% |
| Vietnam | 3.6 | 1.5 | 0.9 | 2.2 | -15.1% |
| Lao People's Democratic Republic | 2.1 | 3.9 | 1.2 | 1.3 | -14.8% |
| Others | 1.9 | 6.4 | 2.3 | 1.5 | -7.6% |
| Total | 20.4 | 32.1 | 44.1 | 53.7 | 38.1% |
Top Export Markets for Citrus Fruit from Thailand in 2022:
- China (26.6K tons)
- Myanmar (6.3K tons)
- Vietnam (5.1K tons)
- Malaysia (4.3K tons)
- Hong Kong SAR (3.8K tons)
- Lao People's Democratic Republic (3.0K tons)
This report provides an in-depth analysis of the citrus 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 507 - Grapefruit and pomelo
- FCL 497 - Lemons and limes
- FCL 490 - Oranges
- FCL 495 - Tangerines, mandarins, clementines, satsumas
- FCL 512 - Citrus fruit nes
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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This report provides an in-depth analysis of the citrus fruit market in Thailand.
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This report provides an in-depth analysis of the grapefruit market in Thailand.
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