Thailand - Nuts - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Thailand - Nuts - Market Analysis, Forecast, Size, Trends and Insights

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Nuts Price in Thailand - 2023

Contents:

  1. Nuts Price in Thailand (FOB) - 2022
  2. Nuts Price in Thailand (CIF) - 2022
  3. Nuts Exports in Thailand
  4. Nuts Imports in Thailand

Nuts Price in Thailand (FOB) - 2022

In 2022, the average nuts export price amounted to $1,160 per ton, reducing by -12.3% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nuts export price decreased by -36.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of 49%. The export price peaked at $1,836 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($5,903 per ton), while the average price for exports to Lao People's Democratic Republic ($462 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 Cambodia (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

Nuts Price in Thailand (CIF) - 2022

In 2022, the average nuts import price amounted to $2,227 per ton, surging by 45% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 55%. The import price peaked at $3,258 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,403 per ton), while the price for Myanmar ($883 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Nuts Exports in Thailand

After three years of growth, shipments abroad of nuts decreased by -51% to 69K tons in 2022. In general, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 138% against the previous year. As a result, the exports attained the peak of 140K tons, and then dropped significantly in the following year.

In value terms, nuts exports declined markedly to $80M in 2022. Over the period under review, exports showed a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 110% against the previous year. As a result, the exports reached the peak of $186M, and then shrank remarkably in the following year.

Export of Nuts in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
MyanmarN/A55.614140.9-14.2%
Vietnam4.72.410.714.144.2%
Bangladesh23.217.319.58.7-27.9%
India9.62.61.87.0-10.0%
Cambodia0.32.52.72.088.2%
China28.31.73.81.3-64.2%
Lao People's Democratic Republic2.90.90.11.0-29.9%
Saudi Arabia9.51.92.60.5-62.5%
Others16.03.83.54.4-35.0%
Total94.588.618679.9-5.4%

Top Export Markets for Nuts from Thailand in 2022:

  1. Vietnam (26.8K tons)
  2. Myanmar (25.3K tons)
  3. Bangladesh (5.4K tons)
  4. India (4.0K tons)
  5. Cambodia (2.8K tons)
  6. Lao People's Democratic Republic (2.2K tons)
  7. China (0.3K tons)
  8. Saudi Arabia (0.2K tons)

Nuts Imports in Thailand

After three years of growth, purchases abroad of nuts decreased by -69.6% to 30K tons in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 150% against the previous year. As a result, imports reached the peak of 99K tons, and then declined notably in the following year.

In value terms, nuts imports fell remarkably to $67M in 2022. Overall, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 114%. As a result, imports reached the peak of $153M, and then fell dramatically in the following year.

Import of Nuts in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Indonesia2.827.911822.6100.6%
United States22.812.68.918.4-6.9%
China16.015.911.618.24.4%
MyanmarN/AN/A0.40.40.0%
Others11.114.813.77.3-13.0%
Total52.771.215367.08.3%

Top Suppliers of Nuts to Thailand in 2022:

  1. Indonesia (13.6K tons)
  2. United States (7.9K tons)
  3. China (7.6K tons)
  4. Myanmar (0.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nuts 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 221 - Almonds
  • FCL 223 - Pistachios
  • FCL 222 - Walnuts
  • FCL 220 - Chestnuts
  • FCL 217 - Cashew nuts
  • FCL 225 - Hazelnuts (Filberts)
  • FCL 216 - Brazil nuts
  • FCL 234 - Nuts nes
  • FCL 224 - Kolanuts
  • FCL 226 - Areca nuts

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION, HARVESTED AREA AND YIELD
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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