Non-Liquid Margarine Price in Thailand - 2023
Contents:
- Non-Liquid Margarine Price in Thailand (CIF) - 2023
- Non-Liquid Margarine Price in Thailand (FOB) - 2023
- Non-Liquid Margarine Imports in Thailand
- Non-Liquid Margarine Exports in Thailand
Non-Liquid Margarine Price in Thailand (CIF) - 2023
The average non-liquid margarine import price stood at $1,426 per ton in July 2023, declining by -12.5% against the previous month. Over the period under review, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 82% against the previous month. As a result, import price reached the peak level of $2,467 per ton. From April 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Australia ($3,956 per ton), while the price for Indonesia ($1,115 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 Australia (+0.5%), while the prices for the other major suppliers experienced a decline.
Non-Liquid Margarine Price in Thailand (FOB) - 2023
The average non-liquid margarine export price stood at $1,922 per ton in July 2023, dropping by -2.1% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices hit record highs at $2,153 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In July 2023, the highest price was recorded for prices to Myanmar ($2,109 per ton) and Cambodia ($2,093 per ton), while the average price for exports to Vietnam ($1,554 per ton) and the Philippines ($1,574 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Liquid Margarine Imports in Thailand
In 2022, approx. 4.7K tons of non-liquid margarine were imported into Thailand; rising by 21% against 2021. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, non-liquid margarine imports skyrocketed to $8.7M in 2022. Over the period under review, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Non-Liquid Margarine in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.7 | 2.1 | 3.9 | 6.5 | 56.4% |
| Indonesia | 0.2 | 0.3 | 0.7 | 1.1 | 76.5% |
| Australia | 0.5 | 0.9 | 0.6 | 0.6 | 6.3% |
| New Zealand | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| Total | 2.7 | 3.7 | 5.6 | 8.7 | 47.7% |
Top Suppliers of Non-Liquid Margarine to Thailand in 2022:
- Malaysia (3539.9 tons)
- Indonesia (853.0 tons)
- Australia (132.9 tons)
- New Zealand (77.6 tons)
Non-Liquid Margarine Exports in Thailand
In 2022, shipments abroad of non-liquid margarine increased by 52% to 1.8K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a mild downturn.
In value terms, non-liquid margarine exports skyrocketed to $3.4M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 113 | 357 | 465 | 1,272 | 124.1% |
| Taiwan (Chinese) | 707 | 739 | 1,143 | 1,079 | 15.1% |
| Cambodia | 1,318 | 1,153 | 468 | 604 | -22.9% |
| Lao People's Democratic Republic | 96.1 | 12.4 | 61.8 | 206 | 28.9% |
| Philippines | N/A | N/A | N/A | 122 | 0% |
| Vietnam | 77.1 | 74.4 | 49.5 | 120 | 15.9% |
| South Korea | 247 | N/A | N/A | N/A | 0% |
| Japan | 146 | N/A | N/A | N/A | 0% |
| Others | 47.6 | 11.3 | 4.8 | 2.1 | -64.7% |
| Total | 2,753 | 2,348 | 2,193 | 3,404 | 7.3% |
Top Export Markets for Non-Liquid Margarine from Thailand in 2022:
- Myanmar (705.0 tons)
- Taiwan (Chinese) (494.9 tons)
- Cambodia (311.1 tons)
- Lao People's Democratic Republic (97.1 tons)
- Vietnam (80.1 tons)
- Philippines (68.9 tons)
307
This report provides an in-depth analysis of the margarine spread market in Thailand.
1583
This report provides an in-depth analysis of the margarine and shortening market in Thailand.
576
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2036
This report provides an in-depth analysis of the global margarine and shortening market.
307
This report provides an in-depth analysis of the margarine spread market in Thailand.
1583
This report provides an in-depth analysis of the margarine and shortening market in Thailand.
576
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
2036
This report provides an in-depth analysis of the global margarine and shortening market.
201
In May 2023, the growth pace was incredibly fast as imports of Margarine And Shortening increased by 75% month-on-month. However, in September 2023, the value of these imports fell to $7.7M.
118
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5359
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4509
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
201
In May 2023, the growth pace was incredibly fast as imports of Margarine And Shortening increased by 75% month-on-month. However, in September 2023, the value of these imports fell to $7.7M.
118
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
5359
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
4509
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
