Price for Vegetable Products Not Elsewhere Specified or Included in Thailand - 2024
Contents:
- Price for Vegetable Products Not Elsewhere Specified or Included in Thailand (CIF) - 2024
- Price for Vegetable Products Not Elsewhere Specified or Included in Thailand (FOB) - 2024
- Imports of Vegetable Products Not Elsewhere Specified or Included in Thailand
- Exports of Vegetable Products Not Elsewhere Specified or Included in Thailand
Price for Vegetable Products Not Elsewhere Specified or Included in Thailand (CIF) - 2024
In September 2023, the average import price for vegetable products not elsewhere specified or includeds amounted to $126 per ton, shrinking by -11.9% against the previous month. Over the period under review, the import price saw a deep downturn. The growth pace was the most rapid in May 2023 an increase of 19% month-to-month. The import price peaked at $371 per ton in March 2023; however, from April 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Indonesia ($130 per ton), while the price for Malaysia amounted to $87.0 per ton.
From March 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-10.3%).
Price for Vegetable Products Not Elsewhere Specified or Included in Thailand (FOB) - 2024
The average export price for vegetable products not elsewhere specified or includeds stood at $551 per ton in September 2023, jumping by 205% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 312% month-to-month. The export price peaked at $602 per ton in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($2,016 per ton), while the average price for exports to Malaysia ($128 per ton) was amongst the lowest.
From March 2023 to September 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.
Imports of Vegetable Products Not Elsewhere Specified or Included in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas purchases of vegetable products not elsewhere specified or includeds, which increased by 63% to 373K tons in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of vegetable products not elsewhere specified or includeds skyrocketed to $64M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetable Products Not Elsewhere Specified or Included in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 38.7 | 39.2 | 37.7 | 47.1 | 6.8% |
| Others | 4.5 | 9.7 | 8.5 | 17.0 | 55.7% |
| Total | 43.2 | 48.9 | 46.1 | 64.1 | 14.1% |
Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Thailand in 2022:
- Indonesia (362.5K tons)
Exports of Vegetable Products Not Elsewhere Specified or Included in Thailand
In 2022, shipments abroad of vegetable products not elsewhere specified or includeds decreased by -28.7% to 16K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 148%. As a result, the exports reached the peak of 26K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of vegetable products not elsewhere specified or includeds fell rapidly to $8.2M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -16.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 83%. As a result, the exports reached the peak of $9.9M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Vegetable Products Not Elsewhere Specified or Included in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 586 | 638 | 2,746 | 1,912 | 48.3% |
| Japan | 1,816 | 4,565 | 2,798 | 1,363 | -9.1% |
| United States | 920 | 1,070 | 1,395 | 1,027 | 3.7% |
| South Korea | 641 | 995 | 744 | 818 | 8.5% |
| Australia | 530 | 537 | 358 | 597 | 4.0% |
| Malaysia | 189 | 540 | 197 | 154 | -6.6% |
| Lao People's Democratic Republic | 54.0 | 70.0 | 34.6 | 58.2 | 2.5% |
| Others | 664 | 1,488 | 1,622 | 2,311 | 51.5% |
| Total | 5,400 | 9,904 | 9,894 | 8,240 | 15.1% |
Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Thailand in 2022:
- China (8.3K tons)
- South Korea (2.6K tons)
- Japan (1.7K tons)
- Malaysia (1.0K tons)
- United States (0.8K tons)
- Australia (0.5K tons)
- Lao People's Democratic Republic (0.3K tons)
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