Copra Price in Thailand - 2023
Contents:
- Copra Price in Thailand (FOB) - 2022
- Copra Price in Thailand (CIF) - 2022
- Copra Exports in Thailand
- Copra Imports in Thailand
Copra Price in Thailand (FOB) - 2022
In 2022, the average copra export price amounted to $663 per ton, reducing by -2.6% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs at $2,603 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.5% per year.
Copra Price in Thailand (CIF) - 2022
The average copra import price stood at $3,105 per ton in 2022, stabilizing at the previous year. In general, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 195%. Over the period under review, average import prices attained the maximum at $4,359 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +7.2% per year.
Copra Exports in Thailand
Copra exports from Thailand declined notably to 2.5K tons in 2022, which is down by -46.7% on 2021 figures. Overall, exports saw a dramatic setback. The smallest decline of -44.9% was in 2020.
In value terms, copra exports shrank notably to $1.7M in 2022. Over the period under review, exports recorded a significant curtailment.
| Export of Copra in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.9 | 20.3 | 3.1 | 1.6 | -70.1% |
| Others | 0.5 | 0.8 | 0.1 | 0.1 | -41.5% |
| Total | 60.4 | 21.1 | 3.2 | 1.7 | -69.6% |
Top Export Markets for Copra from Thailand in 2022:
- China (2.5K tons)
Copra Imports in Thailand
In 2022, overseas purchases of copras decreased by 0% to 18 tons, falling for the second year in a row after two years of growth. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 30,543% against the previous year. As a result, imports reached the peak of 26 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, copra imports totaled $55K in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 22,785% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Copra in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | N/A | 54.9 | 0% |
| Indonesia | N/A | 26.5 | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 0.1 | 26.5 | N/A | 54.9 | 718.8% |
Top Suppliers of Copra to Thailand in 2022:
- India (17.7 tons)
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