Price for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in Thailand - 2024
Contents:
- Price for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in Thailand (FOB) - 2024
- Exports of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in Thailand
Price for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in Thailand (FOB) - 2024
In November 2023, the average export price for nuts, edible; coconuts, in the inner shell (endocarp)s amounted to $687 per ton, rising by 5.7% against the previous month. Overall, the export price, however, recorded a slight decline. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 26% month-to-month. As a result, the export price reached the peak level of $901 per ton. From April 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From January 2023 to November 2023, the rate of growth in terms of prices for China amounted to -1.1% per month.
Exports of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas shipments of nuts, edible; coconuts, in the inner shell (endocarp)s, which increased by 10% to 141K tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.6% 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 +93.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of nuts, edible; coconuts, in the inner shell (endocarp)s rose significantly to $108M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 53%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.5 | 59.3 | 92.0 | 101 | 37.9% |
| Singapore | N/A | 1.1 | 4.0 | 3.8 | 85.9% |
| Others | 4.5 | 4.2 | 2.9 | 3.2 | -10.7% |
| Total | 43.0 | 64.6 | 98.9 | 108 | 35.9% |
Top Export Markets for Nuts, Edible; Coconuts, in the Inner Shell (Endocarp) from Thailand in 2022:
- China (135.0K tons)
- Singapore (2.5K tons)
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