Thailand - Crude Palm Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCrude Palm Oil Price in Thailand - 2023
Contents:
- Crude Palm Oil Price in Thailand (FOB) - 2022
- Crude Palm Oil Price in Thailand (CIF) - 2022
- Crude Palm Oil Exports in Thailand
- Crude Palm Oil Imports in Thailand
Crude Palm Oil Price in Thailand (FOB) - 2022
In 2022, the average crude palm oil export price amounted to $1,282 per ton, increasing by 13% against the previous year. Overall, the export price enjoyed moderate growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 76%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($1,299 per ton) and Italy ($1,197 per ton), while the average price for exports to Germany ($889 per ton) and the Netherlands ($908 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Crude Palm Oil Price in Thailand (CIF) - 2022
The average crude palm oil import price stood at $10,226 per ton in 2020, rising by 1,690% against the previous year. In general, the import price posted significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($29,625 per ton), while the price for Malaysia stood at $559 per ton.
From 2013 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia (-2.1%).
Crude Palm Oil Exports in Thailand
In 2022, approx. 888K tons of crude palm oil were exported from Thailand; jumping by 58% on the year before. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 218% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, crude palm oil exports skyrocketed to $1.1B in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 461% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
Export of Crude Palm Oil in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 88.8 | 105 | 597 | 1,090 | 130.7% |
Kenya | 13.2 | 7.9 | 40.7 | 17.2 | 9.2% |
Others | 2.7 | 1.2 | 0.9 | 30.8 | 125.1% |
Total | 105 | 114 | 639 | 1,138 | 121.3% |
Top Export Markets for Crude Palm Oil from Thailand in 2022:
- India (839.2K tons)
- Kenya (18.5K tons)
Crude Palm Oil Imports in Thailand
In 2022, overseas purchases of crude palm oil decreased by 0% to 16 kg, falling for the second year in a row after two years of growth. In general, imports continue to indicate a measured expansion. The pace of growth was the most pronounced in 2020 with an increase of 121% against the previous year. As a result, imports reached the peak of 31 kg. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, crude palm oil imports totaled $159 in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 3,863%. As a result, imports attained the peak of $317. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Crude Palm Oil in Thailand (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
Indonesia | N/A | 237 | 0% | ||
Malaysia | 8.0 | 80.0 | 900.0% | ||
Others | N/A | N/A | 0% | ||
Total | 8.0 | 317 | 3862.5% |
Top Suppliers of Crude Palm Oil to Thailand in 2022:
- Malaysia (143.0 kg)
- Indonesia (8.0 kg)
This report provides an in-depth analysis of the crude palm oil 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 257 - Oil of palm
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
- 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 VOLUME AND VALUE
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
- 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
- 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 April 2023, the crude palm oil price amounted to $951 per ton (FOB, Thailand), increasing by 3% against the previous month.
The most prominent rate of growth was recorded in September 2023 with an increase of 1,425% m-o-m. In value terms, Palm Oil exports fell markedly to $9.5M in January 2024.
In July 2023, Palm Oil price remained the same at $1,284 per ton (FOB, Thailand), compared to the previous month.
In April 2023, the refined palm oil price amounted to $1,306 per ton (FOB, Thailand), increasing by 1.5% against the previous month.
Explore the top import markets for crude palm oil and the key statistics in the global industry. Learn about the leading countries, import values, and trends.
The global palm oil market revenue amounted to $48B in 2017, surging by 10% against the previous year. This figure reflect...
The global palm oil market increased from X tons in 2007 to X tons in 2016, expanding with an annual average growth rate of +X% per year over that period.
Global palm oil consumption amounted to X thousand tons in 2015, coming up by +X% against the previous year level.
Global palm oil exports amounted to X thousand tons in 2015, ascending by +X% against the previous year level.
Global palm oil imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.