Thailand - Garlic - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGarlic Price in Thailand - 2023
Contents:
- Garlic Price in Thailand (CIF) - 2023
- Garlic Price in Thailand (FOB) - 2022
- Garlic Imports in Thailand
- Garlic Exports in Thailand
Garlic Price in Thailand (CIF) - 2023
The average garlic import price stood at $490 per ton in July 2023, declining by -5.8% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average import price increased by 8.8% against the previous month. The import price peaked at $554 per ton in April 2023; however, from May 2023 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -0.1% per month.
Garlic Price in Thailand (FOB) - 2022
In 2022, the average garlic export price amounted to $1,021 per ton, with a decrease of -6.9% against the previous year. Overall, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2015 an increase of 222%. Over the period under review, the average export prices reached the maximum at $3,732 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($1,408 per ton), while the average price for exports to Lao People's Democratic Republic ($705 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 Malaysia (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.
Garlic Imports in Thailand
In 2022, overseas purchases of garlic decreased by -18.1% to 36K tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 80% against the previous year. As a result, imports attained the peak of 79K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, garlic imports contracted notably to $19M in 2022. In general, imports faced a sharp reduction. The smallest decline of -1.7% was in 2020.
| Import of Garlic in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 37.5 | 40.0 | 23.6 | 18.0 | -21.7% |
| India | 1.8 | 0.4 | 0.1 | 0.1 | -61.8% |
| Others | 3.7 | 1.7 | 0.4 | 0.4 | -52.4% |
| Total | 42.9 | 42.2 | 24.1 | 18.6 | -24.3% |
Top Suppliers of Garlic to Thailand in 2022:
- China (35.4K tons)
- India (0.4K tons)
Garlic Exports in Thailand
After three years of growth, overseas shipments of garlic decreased by -39.8% to 1.2K tons in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 1,503% against the previous year.
In value terms, garlic exports fell dramatically to $1.2M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,155%. As a result, the exports attained the peak of $2.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Garlic in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 0.1 | 1,388 | 547 | 7295.9% |
| Taiwan (Chinese) | N/A | 1,736 | 588 | 472 | -47.9% |
| Cambodia | N/A | 130 | 32.3 | 38.3 | -45.7% |
| Vietnam | 32.5 | 5.5 | 19.5 | 23.6 | -10.1% |
| Lao People's Democratic Republic | 8.8 | 24.5 | 29.7 | 23.1 | 37.9% |
| Others | 132 | 273 | 82.9 | 94.6 | -10.5% |
| Total | 173 | 2,169 | 2,140 | 1,199 | 90.7% |
Top Export Markets for Garlic from Thailand in 2022:
- Myanmar (670.8 tons)
- Taiwan (Chinese) (383.6 tons)
- Lao People's Democratic Republic (32.8 tons)
- Cambodia (27.2 tons)
- Vietnam (20.1 tons)
This report provides an in-depth analysis of the garlic 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 406 - Garlic
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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