Thailand - Vegetables (Preserved And Frozen) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Preserved and Frozen Vegetable in Thailand - 2023
Contents:
- Price for Preserved and Frozen Vegetable in Thailand (CIF) - 2023
- Price for Preserved and Frozen Vegetable in Thailand (FOB) - 2023
- Imports of Preserved and Frozen Vegetable in Thailand
- Exports of Preserved and Frozen Vegetable in Thailand
Price for Preserved and Frozen Vegetable in Thailand (CIF) - 2023
The average preserved and frozen vegetable import price stood at $1,628 per ton in September 2023, with an increase of 7% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in November 2022 an increase of 9.2% m-o-m. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($2,659 per ton), while the price for China ($1,271 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Preserved and Frozen Vegetable in Thailand (FOB) - 2023
The average preserved and frozen vegetable export price stood at $4,592 per ton in September 2023, reducing by -4.4% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 19% m-o-m. As a result, the export price reached the peak level of $5,156 per ton. From April 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($5,836 per ton), while the average price for exports to South Korea ($1,497 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Preserved and Frozen Vegetable in Thailand
In 2022, the amount of vegetables (preserved, frozen) imported into Thailand skyrocketed to 72K tons, with an increase of 19% compared with 2021 figures. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved and frozen vegetable imports soared to $89M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Preserved and Frozen Vegetable in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.3 | 26.0 | 22.2 | 30.0 | 22.5% |
| Netherlands | 20.4 | 17.9 | 14.8 | 16.7 | -6.5% |
| China | 1.9 | 6.4 | 6.1 | 14.2 | 95.5% |
| United States | 14.2 | 13.3 | 8.2 | 12.6 | -3.9% |
| New Zealand | 8.5 | 5.9 | 6.6 | 10.9 | 8.6% |
| Belgium | 4.1 | 3.5 | 2.4 | 2.1 | -20.0% |
| Others | 5.2 | 3.8 | 2.6 | 2.7 | -19.6% |
| Total | 70.7 | 76.6 | 63.0 | 89.2 | 8.1% |
Top Suppliers of Preserved and Frozen Vegetable to Thailand in 2022:
- India (26.6K tons)
- Netherlands (16.9K tons)
- China (12.2K tons)
- New Zealand (7.1K tons)
- United States (6.5K tons)
- Belgium (1.6K tons)
Exports of Preserved and Frozen Vegetable in Thailand
In 2022, the amount of vegetables (preserved, frozen) exported from Thailand fell slightly to 5.9K tons, dropping by -4.4% compared with 2021. In general, exports saw a precipitous setback.
In value terms, preserved and frozen vegetable exports shrank to $26M in 2022. Overall, exports continue to indicate a drastic downturn. The smallest decline of -3.1% was in 2020.
| Export of Preserved and Frozen Vegetable in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 30.5 | 28.1 | 22.8 | 17.2 | -17.4% |
| United States | 1.3 | 1.4 | 2.0 | 4.1 | 46.6% |
| Australia | 1.2 | 1.8 | 2.2 | 2.5 | 27.7% |
| Lao People's Democratic Republic | 0.2 | 0.2 | 0.5 | 0.5 | 35.7% |
| Myanmar | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Cambodia | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 0.7 | 1.2 | 0.7 | 1.1 | 16.3% |
| Total | 34.0 | 32.9 | 28.3 | 25.9 | -8.7% |
Top Export Markets for Preserved and Frozen Vegetable from Thailand in 2022:
- Japan (4079.6 tons)
- United States (736.8 tons)
- Australia (450.7 tons)
- Myanmar (158.3 tons)
- Cambodia (123.7 tons)
- Lao People's Democratic Republic (123.3 tons)
This report provides an in-depth analysis of the market for preserved and frozen vegetable in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 475 - Vegetables, Preserved (Frozen)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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