Thailand - Spices Except Pepper or Ginger - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Spices Except Pepper or Ginger in Thailand - 2023
Contents:
- Price for Spices Except Pepper or Ginger in Thailand (CIF) - 2023
- Price for Spices Except Pepper or Ginger in Thailand (FOB) - 2023
- Imports of Spices Except Pepper or Ginger in Thailand
- Exports of Spices Except Pepper or Ginger in Thailand
Price for Spices Except Pepper or Ginger in Thailand (CIF) - 2023
In July 2023, the average import price for spices except pepper or ginger amounted to $6,762 per ton, rising by 52% against the previous month. In general, import price indicated a buoyant expansion from July 2022 to July 2023: its price increased at an average monthly rate of +5.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, spices except pepper or ginger import price increased by +105.4% against February 2023 indices. The pace of growth was the most pronounced in December 2022 when the average import price increased by 64% against the previous month. The import price peaked in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($8,018 per ton), while the price for Myanmar ($636 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices Except Pepper or Ginger in Thailand (FOB) - 2023
The average export price for spices except pepper or ginger stood at $2,491 per ton in July 2023, surging by 27% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 49% month-to-month. The export price peaked at $2,844 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Sri Lanka ($12,007 per ton), while the average price for exports to Malaysia ($584 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices Except Pepper or Ginger in Thailand
In 2022, after three years of growth, there was significant decline in purchases abroad of spices except pepper or ginger, when their volume decreased by -63.9% to 2.8K tons. Overall, imports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. As a result, imports attained the peak of 7.9K tons, and then fell remarkably in the following year.
In value terms, spices except pepper or ginger imports shrank notably to $10M in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of $34M, and then declined rapidly in the following year.
| Import of Spices Except Pepper or Ginger in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.6 | 15.1 | 27.8 | 5.3 | -18.0% |
| India | 0.7 | 0.7 | 1.1 | 1.0 | 12.6% |
| United Kingdom | 0.9 | 0.5 | 1.0 | 0.8 | -3.9% |
| Turkey | 0.3 | 0.4 | 0.6 | 0.6 | 26.0% |
| Malaysia | 0.4 | 0.3 | 0.4 | 0.5 | 7.7% |
| Myanmar | 0.3 | 0.6 | 0.8 | 0.4 | 10.1% |
| Indonesia | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.3 | 1.3 | 1.9 | 1.3 | 0.0% |
| Total | 13.6 | 18.9 | 33.7 | 10.0 | -9.7% |
Top Suppliers of Spices Except Pepper or Ginger to Thailand in 2022:
- Myanmar (860.8 tons)
- China (851.7 tons)
- India (403.8 tons)
- United Kingdom (260.4 tons)
- Turkey (128.3 tons)
- Indonesia (78.5 tons)
- Malaysia (74.0 tons)
Exports of Spices Except Pepper or Ginger in Thailand
In 2022, shipments abroad of spices except pepper or ginger decreased by -5.3% to 7.9K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +12.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 24%. As a result, the exports attained the peak of 8.4K tons, and then dropped in the following year.
In value terms, spices except pepper or ginger exports totaled $16M in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Spices Except Pepper or Ginger in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 2,229 | 2,033 | 1,924 | 2,640 | 5.8% |
| United States | 1,372 | 1,516 | 1,489 | 1,498 | 3.0% |
| India | 1,663 | 1,824 | 1,946 | 1,473 | -4.0% |
| Netherlands | 964 | 1,257 | 963 | 1,302 | 10.5% |
| United Kingdom | 864 | 1,027 | 1,349 | 1,274 | 13.8% |
| South Korea | 345 | 362 | 450 | 830 | 34.0% |
| Malaysia | 3,242 | 796 | 991 | 800 | -37.3% |
| Hong Kong SAR | 44.1 | 267 | 848 | 620 | 141.4% |
| Taiwan (Chinese) | 470 | 287 | 250 | 540 | 4.7% |
| Myanmar | 14.7 | 100 | 219 | 493 | 222.5% |
| Belgium | 6.2 | 107 | 419 | 438 | 313.4% |
| Cambodia | 323 | 142 | 280 | 298 | -2.6% |
| Lao People's Democratic Republic | 19.4 | 140 | 214 | 116 | 81.5% |
| Others | 4,504 | 3,818 | 4,426 | 3,890 | -4.8% |
| Total | 16,060 | 13,677 | 15,767 | 16,213 | 0.3% |
Top Export Markets for Spices Except Pepper or Ginger from Thailand in 2022:
- India (851.0 tons)
- Hong Kong SAR (812.2 tons)
- Pakistan (707.2 tons)
- Netherlands (627.9 tons)
- South Korea (620.8 tons)
- United Kingdom (608.4 tons)
- Myanmar (539.6 tons)
- United States (497.3 tons)
- Lao People's Democratic Republic (443.2 tons)
- Belgium (309.6 tons)
- Taiwan (Chinese) (276.2 tons)
- Cambodia (240.8 tons)
- Malaysia (123.1 tons)
This report provides an in-depth analysis of the market for spices except pepper or ginger 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 723 - Spices nes
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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