Price for Sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa in Thailand - 2024
Contents:
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand (FOB) - 2024
- Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand (CIF) - 2024
- Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand
- Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand (FOB) - 2024
The average export price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa stood at $4,168 per ton in November 2023, increasing by 7.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 12% m-o-m. The export price peaked at $4,407 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Hong Kong SAR ($8,307 per ton), while the average price for exports to the Philippines ($1,740 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand (CIF) - 2024
In November 2023, the average import price for sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa amounted to $3,919 per ton, approximately reflecting the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 13% month-to-month. As a result, import price attained the peak level of $4,557 per ton. From September 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($10,821 per ton), while the price for Taiwan (Chinese) ($2,339 per ton) was amongst the lowest.
From January 2023 to November 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand
In 2022, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa from Thailand expanded notably to 48K tons, surging by 12% on the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 13%.
In value terms, exports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa expanded sharply to $175M in 2022. In general, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 10%.
| Export of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.4 | 25.2 | 34.9 | 37.7 | 17.2% |
| Myanmar | 0.9 | 10.9 | 12.3 | 17.6 | 169.4% |
| China | 31.6 | 10.0 | 13.0 | 14.4 | -23.0% |
| Lao People's Democratic Republic | 9.6 | 8.5 | 9.5 | 11.0 | 4.6% |
| Cambodia | 12.5 | 9.3 | 9.4 | 10.7 | -5.1% |
| Vietnam | 10.7 | 9.1 | 7.5 | 8.9 | -6.0% |
| Japan | 13.8 | 11.8 | 7.3 | 8.5 | -14.9% |
| Malaysia | 10.0 | 6.7 | 6.3 | 7.8 | -7.9% |
| Hong Kong SAR | 12.5 | 6.1 | 10.8 | 7.3 | -16.4% |
| Australia | 5.2 | 5.0 | 7.0 | 6.5 | 7.7% |
| Philippines | 4.4 | 2.9 | 2.9 | 4.0 | -3.1% |
| South Korea | 5.6 | 3.8 | 3.2 | 3.7 | -12.9% |
| New Zealand | 4.3 | 3.4 | 3.7 | 3.5 | -6.6% |
| Others | 41.3 | 31.1 | 31.0 | 33.2 | -7.0% |
| Total | 186 | 144 | 159 | 175 | -2.0% |
Top Export Markets for Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa from Thailand in 2022:
- Myanmar (7.2K tons)
- United States (6.3K tons)
- China (6.1K tons)
- Cambodia (4.1K tons)
- Vietnam (3.6K tons)
- Lao People's Democratic Republic (3.4K tons)
- Malaysia (3.1K tons)
- Philippines (2.0K tons)
- Australia (1.5K tons)
- South Korea (1.5K tons)
- Japan (1.4K tons)
- New Zealand (1.2K tons)
- Hong Kong SAR (0.9K tons)
Imports of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas purchases of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa, which increased by 19% to 31K tons in 2022. The total import volume increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of sugar confectionery; (excluding chewing gum, including white chocolate), not containing cocoa skyrocketed to $124M in 2022. The total import value increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.3 | 30.4 | 33.2 | 46.4 | 8.5% |
| Indonesia | 20.1 | 22.8 | 24.4 | 28.5 | 12.3% |
| Vietnam | 12.7 | 13.0 | 12.3 | 16.4 | 8.9% |
| Turkey | 3.0 | 3.1 | 4.3 | 5.2 | 20.1% |
| Malaysia | 2.5 | 2.6 | 4.4 | 4.7 | 23.4% |
| Taiwan (Chinese) | 1.0 | 4.8 | 5.5 | 3.8 | 56.0% |
| Singapore | 1.2 | 1.4 | 1.5 | 3.3 | 40.1% |
| Philippines | 1.2 | 1.4 | 1.8 | 2.3 | 24.2% |
| Germany | 2.5 | 1.8 | 2.0 | 2.3 | -2.7% |
| Others | 9.7 | 9.4 | 9.1 | 10.8 | 3.6% |
| Total | 90.3 | 90.7 | 98.5 | 124 | 11.2% |
Top Suppliers of Sugar Confectionery; (Excluding Chewing Gum, Including White Chocolate), Not Containing Cocoa to Thailand in 2022:
- China (13.1K tons)
- Indonesia (7.3K tons)
- Vietnam (3.0K tons)
- Taiwan (Chinese) (1.8K tons)
- Turkey (1.5K tons)
- Singapore (1.0K tons)
- Philippines (0.8K tons)
- Malaysia (0.8K tons)
- Germany (0.5K tons)
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