Price for Cereal Flour; of Maize (Corn) in Thailand - 2023
Contents:
- Price for Cereal Flour; of Maize (Corn) in Thailand (CIF) - 2023
- Price for Cereal Flour; of Maize (Corn) in Thailand (FOB) - 2022
- Imports of Cereal Flour; of Maize (Corn) in Thailand
- Exports of Cereal Flour; of Maize (Corn) in Thailand
Price for Cereal Flour; of Maize (Corn) in Thailand (CIF) - 2023
The average import price for cereal flour; of maize (corn) stood at $946 per ton in July 2023, remaining relatively unchanged against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 24% m-o-m. As a result, import price reached the peak level of $1,053 per ton. From January 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($1,167 per ton), while the price for India ($487 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 UK (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereal Flour; of Maize (Corn) in Thailand (FOB) - 2022
In 2022, the average export price for cereal flour; of maize (corn) amounted to $613 per ton, waning by -1.8% against the previous year. Overall, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $1,154 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($2,074 per ton), while the average price for exports to Lao People's Democratic Republic ($362 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 Hong Kong SAR (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereal Flour; of Maize (Corn) in Thailand
In 2022, imports of cereal flour; of maize (corn) into Thailand expanded significantly to 15K tons, surging by 13% on 2021 figures. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.1% 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 +73.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, cereal flour; of maize (corn) imports skyrocketed to $13M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Cereal Flour; of Maize (Corn) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2.2 | 3.5 | 5.4 | 7.0 | 47.1% |
| France | 1.5 | 1.8 | 2.6 | 2.9 | 24.6% |
| Australia | 0.4 | 0.4 | 1.4 | 1.7 | 62.0% |
| India | 0.4 | 0.5 | 0.5 | 0.6 | 14.5% |
| New Zealand | 0.2 | 0.1 | 0.4 | 0.5 | 35.7% |
| Hungary | 0.5 | 0.3 | 0.4 | 0.2 | -26.3% |
| Others | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Total | 5.4 | 7.0 | 10.8 | 13.0 | 34.0% |
Top Suppliers of Cereal Flour; of Maize (Corn) to Thailand in 2022:
- United Kingdom (7.2K tons)
- France (3.3K tons)
- Australia (2.5K tons)
- India (1.3K tons)
- New Zealand (0.7K tons)
- Hungary (0.3K tons)
Exports of Cereal Flour; of Maize (Corn) in Thailand
In 2022, the amount of cereal flour; of maize (corn) exported from Thailand declined to 1.3K tons, with a decrease of -6.1% compared with the year before. Over the period under review, exports continue to indicate a sharp decrease.
In value terms, cereal flour; of maize (corn) exports dropped to $824K in 2022. In general, exports faced a significant decline.
| Export of Cereal Flour; of Maize (Corn) in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 708 | 429 | 446 | 358 | -20.3% |
| Cambodia | 108 | 95.3 | 78.9 | 164 | 14.9% |
| Myanmar | 0.4 | 71.9 | 78.7 | 88.5 | 504.8% |
| Hong Kong SAR | 31.8 | 78.6 | 64.8 | 69.5 | 29.8% |
| Qatar | N/A | N/A | N/A | 52.4 | 0% |
| Malaysia | 802 | 626 | 141 | 28.4 | -67.2% |
| Others | 99.6 | 163 | 83.8 | 62.9 | -14.2% |
| Total | 1,750 | 1,464 | 893 | 824 | -22.2% |
Top Export Markets for Cereal Flour; of Maize (Corn) from Thailand in 2022:
- Lao People's Democratic Republic (988.1 tons)
- Cambodia (162.7 tons)
- Myanmar (73.0 tons)
- Hong Kong SAR (41.5 tons)
- Malaysia (25.3 tons)
- Qatar (25.2 tons)
526
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This report provides an in-depth analysis of the cereal flour market in Thailand.
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This report provides an in-depth analysis of the global cereal flour market.
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This report provides an in-depth analysis of the global non-wheat flour market.
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