Price for Cereal Groats and Meal; of Wheat in Thailand - 2024
Contents:
- Price for Cereal Groats and Meal; of Wheat in Thailand (FOB) - 2022
- Price for Cereal Groats and Meal; of Wheat in Thailand (CIF) - 2022
- Exports of Cereal Groats and Meal; of Wheat in Thailand
- Imports of Cereal Groats and Meal; of Wheat in Thailand
Price for Cereal Groats and Meal; of Wheat in Thailand (FOB) - 2022
In 2022, the average export price for cereal groats and meal; of wheats amounted to $1,059 per ton, declining by -5.2% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal groats and meal; of wheats decreased by -12.4% against 2020 indices. The growth pace was the most rapid in 2016 when the average export price increased by 74%. As a result, the export price reached the peak level of $1,722 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($1,596 per ton), while the average price for exports to Lao People's Democratic Republic ($974 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 Myanmar (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Groats and Meal; of Wheat in Thailand (CIF) - 2022
In 2022, the average import price for cereal groats and meal; of wheats amounted to $791 per ton, with an increase of 27% against the previous year. In general, the import price, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. As a result, import price attained the peak level of $1,423 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,069 per ton), while the price for India ($498 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereal Groats and Meal; of Wheat in Thailand
In 2022, exports of cereal groats and meal; of wheats from Thailand skyrocketed to 341 tons, jumping by 20% on 2021. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of cereal groats and meal; of wheats reached $361K in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -9.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 71% against the previous year. As a result, the exports reached the peak of $397K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Cereal Groats and Meal; of Wheat in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 142 | 351 | 248 | 280 | 25.4% |
| Myanmar | N/A | 0.4 | 31.0 | 70.1 | 1223.8% |
| Cambodia | 87.7 | 37.1 | 18.4 | 4.3 | -63.4% |
| Others | 1.9 | 8.7 | 18.7 | 5.8 | 45.1% |
| Total | 231 | 397 | 316 | 361 | 16.0% |
Top Export Markets for Cereal Groats and Meal; of Wheat from Thailand in 2022:
- Lao People's Democratic Republic (287.8 tons)
- Myanmar (46.9 tons)
- Cambodia (2.7 tons)
Imports of Cereal Groats and Meal; of Wheat in Thailand
In 2022, the amount of cereal groats and meal; of wheats imported into Thailand shrank sharply to 174 tons, with a decrease of -15% against 2021. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year.
In value terms, imports of cereal groats and meal; of wheats expanded rapidly to $138K in 2022. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 23%.
| Import of Cereal Groats and Meal; of Wheat in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 49.4 | 40.8 | 57.6 | 58.7 | 5.9% |
| Spain | 21.7 | N/A | N/A | 36.6 | 19.0% |
| India | 84.4 | 61.8 | 69.4 | 23.9 | -34.3% |
| Mexico | N/A | N/A | N/A | 17.2 | 0% |
| Others | 5.0 | 1.7 | 1.3 | 1.6 | -31.6% |
| Total | 160 | 104 | 128 | 138 | -4.8% |
Top Suppliers of Cereal Groats and Meal; of Wheat to Thailand in 2022:
- Italy (54.9 tons)
- India (48.0 tons)
- Spain (48.0 tons)
- Mexico (22.0 tons)
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