Thailand - Fructose And Fructose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFructose Price in Thailand - 2023
Contents:
- Fructose Price in Thailand (FOB) - 2023
- Fructose Price in Thailand (CIF) - 2023
- Fructose Exports in Thailand
- Fructose Imports in Thailand
Fructose Price in Thailand (FOB) - 2023
The average fructose export price stood at $502 per ton in July 2023, therefore, remained relatively stable against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 6.1% m-o-m. Over the period under review, the average export prices attained the peak figure in July 2023.
As there is only one major export destination, the average price level is determined by prices for China.
From September 2022 to July 2023, the rate of growth in terms of prices for China amounted to +1.1% per month.
Fructose Price in Thailand (CIF) - 2023
In July 2023, the average fructose import price amounted to $800 per ton, leveling off at the previous month. Overall, the import price recorded a noticeable decline. The growth pace was the most rapid in December 2022 an increase of 20% against the previous month. Over the period under review, average import prices reached the maximum at $992 per ton in September 2022; however, from October 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Malaysia ($1,326 per ton), while the price for China ($660 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Fructose Exports in Thailand
In 2022, approx. 940K tons of fructose and fructose syrup were exported from Thailand; surging by 63% against the previous year. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 404%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, fructose exports soared to $412M in 2022. In general, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by 210% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
| Export of Fructose in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.8 | 176 | 204 | 378 | 117.4% |
| Philippines | 5.9 | 5.3 | 5.8 | 8.0 | 10.7% |
| Others | 27.8 | 38.0 | 34.5 | 25.9 | -2.3% |
| Total | 70.5 | 219 | 244 | 412 | 80.1% |
Top Export Markets for Fructose from Thailand in 2022:
- China (899.2K tons)
- Philippines (16.8K tons)
Fructose Imports in Thailand
In 2022, supplies from abroad of fructose and fructose syrup decreased by -6.9% to 73K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.3% 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 +74.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 74% against the previous year.
In value terms, fructose imports expanded markedly to $66M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
| Import of Fructose in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.8 | 33.9 | 36.0 | 40.9 | 11.1% |
| India | 0.1 | 1.3 | 6.2 | 6.6 | 304.1% |
| United States | 3.8 | 4.4 | 3.7 | 4.7 | 7.3% |
| Japan | 1.8 | 1.9 | 2.0 | 2.1 | 5.3% |
| Malaysia | 1.9 | 2.3 | 2.1 | 1.7 | -3.6% |
| Others | 4.3 | 5.7 | 12.2 | 10.2 | 33.4% |
| Total | 41.7 | 49.5 | 62.2 | 66.2 | 16.7% |
Top Suppliers of Fructose to Thailand in 2022:
- China (53.0K tons)
- India (9.0K tons)
- United States (1.4K tons)
- Malaysia (1.4K tons)
- Japan (0.9K tons)
This report provides an in-depth analysis of the fructose 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 10621320 - Chemically pure fructose in solid form, fructose and fructose syrup, containing in the dry state > .50 % of fructose, i soglucose excluding with added flavouring or colouring matter
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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