Price for Pectic Substances; Pectinates and Pectates in Thailand - 2023
Contents:
- Price for Pectic Substances; Pectinates and Pectates in Thailand (CIF) - 2023
- Price for Pectic Substances; Pectinates and Pectates in Thailand (FOB) - 2022
- Imports of Pectic Substances; Pectinates and Pectates in Thailand
- Exports of Pectic Substances; Pectinates and Pectates in Thailand
Price for Pectic Substances; Pectinates and Pectates in Thailand (CIF) - 2023
In July 2023, the average import price for pectic substances; pectinates and pectateses amounted to $12,016 per ton, waning by -2.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 20% against the previous month. Over the period under review, average import prices attained the maximum at $13,907 per ton in January 2023; however, from February 2023 to July 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Germany ($14,332 per ton) and China ($13,414 per ton), while the price for Singapore ($10,077 per ton) and Brazil ($11,651 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mexico (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pectic Substances; Pectinates and Pectates in Thailand (FOB) - 2022
The average export price for pectic substances; pectinates and pectateses stood at $13,936 per ton in 2022, surging by 19% against the previous year. In general, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2018 an increase of 539%. The export price peaked at $27,645 per ton in 2013; however, from 2014 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 Vietnam ($33,472 per ton), while the average price for exports to Brazil ($10,267 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 Indonesia (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pectic Substances; Pectinates and Pectates in Thailand
In 2022, after three years of growth, there was significant decline in supplies from abroad of pectic substances; pectinates and pectateses, when their volume decreased by -10.4% to 2K tons. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 26%.
In value terms, pectic substances; pectinates and pectates imports shrank to $24M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 16%.
| Import of Pectic Substances; Pectinates and Pectates in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 12.0 | 13.9 | 13.5 | 13.3 | 3.5% |
| Mexico | 3.1 | 3.5 | 4.2 | 5.2 | 18.8% |
| Germany | 3.2 | 4.3 | 4.7 | 2.1 | -13.1% |
| Denmark | 0.9 | 1.5 | 1.2 | 1.4 | 15.9% |
| China | 1.4 | 1.0 | 1.5 | 1.0 | -10.6% |
| Others | 0.4 | 0.3 | 0.5 | 0.6 | 14.5% |
| Total | 21.1 | 24.5 | 25.6 | 23.7 | 3.9% |
Top Suppliers of Pectic Substances; Pectinates and Pectates to Thailand in 2022:
- Brazil (1168.7 tons)
- Mexico (460.3 tons)
- Germany (138.8 tons)
- China (106.5 tons)
- Denmark (74.5 tons)
Exports of Pectic Substances; Pectinates and Pectates in Thailand
After three years of growth, shipments abroad of pectic substances; pectinates and pectateses decreased by -39.2% to 32 tons in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 13,062%.
In value terms, pectic substances; pectinates and pectates exports contracted remarkably to $445K in 2022. Overall, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 13,150% against the previous year.
| Export of Pectic Substances; Pectinates and Pectates in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | N/A | 373 | 137 | -63.3% |
| Malaysia | N/A | N/A | N/A | 129 | 0% |
| Vietnam | 0.2 | 54.4 | 121 | 93.3 | 675.6% |
| Myanmar | N/A | 79.5 | 119 | 84.7 | 3.2% |
| Others | 0.9 | 2.9 | 0.2 | 0.5 | -17.8% |
| Total | 1.0 | 137 | 613 | 445 | 663.5% |
Top Export Markets for Pectic Substances; Pectinates and Pectates from Thailand in 2022:
- Brazil (13.3 tons)
- Malaysia (8.3 tons)
- Myanmar (7.5 tons)
- Vietnam (2.8 tons)
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