Price for Homogenised Composite Food Preparations in Thailand - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Thailand (FOB) - 2023
2. Price for Homogenised Composite Food Preparations in Thailand (CIF) - 2022
3. Exports of Homogenised Composite Food Preparations in Thailand
4. Imports of Homogenised Composite Food Preparations in Thailand

Price for Homogenised Composite Food Preparations in Thailand (FOB) - 2023

The average homogenised composite food preparations export price stood at $3,170 per ton in May 2023, which is down by -8.3% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 44% month-to-month. As a result, the export price reached the peak level of $4,435 per ton. From January 2023 to May 2023, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In May 2023, the country with the highest price was Malaysia ($8,240 per ton), while the average price for exports to the Philippines ($1,101 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Thailand (CIF) - 2022

In 2022, the average homogenised composite food preparations import price amounted to $5,721 per ton, with an increase of 33% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 54%. As a result, import price attained the peak level of $10,121 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($16,355 per ton), while the price for Germany ($1,939 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Homogenised Composite Food Preparations in Thailand

For the third consecutive year, Thailand recorded decline in shipments abroad of homogenised composite food preparationses, which decreased by -12% to 2.7K tons in 2022. Overall, exports recorded a drastic downturn.

In value terms, homogenised composite food preparations exports contracted remarkably to $8.7M in 2022. Over the period under review, exports showed a dramatic contraction. The smallest decline of -16% was in 2020.

Top Export Markets for Homogenised Composite Food Preparations from Thailand in 2022:

1. Philippines (489.4 tons)
2. South Korea (373.1 tons)
3. Australia (257.6 tons)
4. Hong Kong SAR (196.2 tons)
5. United States (192.5 tons)
6. Myanmar (185.7 tons)
7. Sweden (179.0 tons)
8. Singapore (120.3 tons)
9. Malaysia (92.5 tons)
10. Nigeria (81.7 tons)
11. Taiwan (Chinese) (67.2 tons)
12. Japan (66.6 tons)
13. Lao People's Democratic Republic (62.1 tons)

Imports of Homogenised Composite Food Preparations in Thailand

For the third consecutive year, Thailand recorded decline in supplies from abroad of homogenised composite food preparationses, which decreased by -47.4% to 67 tons in 2022. In general, imports faced a sharp reduction. The smallest decline of -2.6% was in 2020.

In value terms, homogenised composite food preparations imports declined sharply to $383K in 2022. Over the period under review, imports faced a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 5.3% against the previous year. As a result, imports reached the peak of $748K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Homogenised Composite Food Preparations to Thailand in 2022:

1. Italy (undefined tons)
2. United States (12.2 tons)
3. United Kingdom (8.9 tons)
4. Vietnam (7.6 tons)
5. Chile (5.3 tons)
6. Japan (4.3 tons)
7. Germany (2.9 tons)
8. South Korea (2.7 tons)