Thailand - Frozen Fruits - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fruit Price in Thailand - 2023
Contents:
- Frozen Fruit Price in Thailand (FOB) - 2023
- Frozen Fruit Price in Thailand (CIF) - 2023
- Frozen Fruit Exports in Thailand
- Frozen Fruit Imports in Thailand
Frozen Fruit Price in Thailand (FOB) - 2023
The average frozen fruit export price stood at $6,668 per ton in July 2023, therefore, remained relatively stable against the previous month. Over the period under review, export price indicated a moderate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, frozen fruit export price decreased by -1.8% against May 2023 indices. The most prominent rate of growth was recorded in April 2023 an increase of 34% against the previous month. The export price peaked at $6,788 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In July 2023, the country with the highest price was China ($6,734 per ton), while the average price for exports to Japan ($5,154 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 China (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fruit Price in Thailand (CIF) - 2023
The average frozen fruit import price stood at $2,531 per ton in July 2023, surging by 9% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 17% month-to-month. Over the period under review, average import prices reached the peak figure in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($2,914 per ton), while the price for China ($1,710 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 the Philippines (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Fruit Exports in Thailand
In 2022, approx. 84K tons of frozen fruits were exported from Thailand; growing by 26% compared with 2021. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 50%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, frozen fruit exports expanded significantly to $399M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.7% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Fruit in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 169 | 202 | 288 | 30.5% | |
| United States | 25.7 | 27.1 | 34.3 | 15.5% | |
| Japan | 10.7 | 13.8 | 12.8 | 9.4% | |
| Others | 16.5 | 14.3 | 20.8 | 12.3% | |
| Total | 222 | 257 | 356 | 26.6% | |
Top Export Markets for Frozen Fruit from Thailand in 2022:
- China (55.5K tons)
- United States (5.0K tons)
- Japan (2.5K tons)
Frozen Fruit Imports in Thailand
Frozen fruit imports into Thailand skyrocketed to 125K tons in 2022, growing by 221% against 2021. In general, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen fruit imports skyrocketed to $289M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fruit in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Vietnam | 3.7 | 31.1 | 58.1 | 296.3% | |
| China | 15.3 | 14.5 | 18.8 | 10.8% | |
| Philippines | 1.1 | 3.2 | 2.4 | 47.7% | |
| Greece | 1.4 | 1.1 | 1.4 | 0.0% | |
| Malaysia | 3.7 | 0.1 | 0.1 | -83.6% | |
| Others | 1.9 | 4.0 | 3.3 | 31.8% | |
| Total | 27.2 | 54.0 | 84.0 | 75.7% | |
Top Suppliers of Frozen Fruit to Thailand in 2022:
- Malaysia (undefinedK tons)
- Vietnam (25.4K tons)
- China (10.7K tons)
- Philippines (1.1K tons)
- Greece (0.8K tons)
This report provides an in-depth analysis of the frozen 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:
- Prodcom 10392100 - Frozen fruit and nuts uncooked or cooked by steaming or boiling in water
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
-
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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