Thailand: Almond Market 2022

Almond Exports

Exports from Thailand

In 2021, overseas shipments of almonds decreased by -X% to X tonnes, falling for the third consecutive year after three years of growth. In general, exports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tonnes in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, almond exports dropped rapidly to $X in 2021. Over the period under review, exports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% year-to-year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tonnes) was the main destination for almond exports from Thailand, accounting for a X% share of total exports. Moreover, almond exports to China exceeded the volume sent to the second major destination, the Philippines (X tonnes), sevenfold. The third position in this ranking was occupied by Vietnam (X tonnes), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-X% per year) and Vietnam (-X% per year).

In value terms, China ($X) remains the key foreign market for almond exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-X% per year) and Vietnam (-X% per year).

Export Prices by Country

In 2021, the average almond export price amounted to $X per tonne, rising by X% against the previous year. Overall, the export price enjoyed notable growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per tonne in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($X per tonne), while the average price for exports to China ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+X%), while the prices for the other major destinations experienced a decline.

Almond Imports

Imports into Thailand

In 2021, overseas purchases of almonds decreased by -X% to X tonnes, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2019 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, almond imports dropped dramatically to $X in 2021. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tonnes) constituted the largest almond supplier to Thailand, accounting for a X% share of total imports. Moreover, almond imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tonnes), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +X%.

In value terms, the United States ($X) constituted the largest supplier of almond to Thailand, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +X%.

Import Prices by Country

In 2021, the average almond import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price saw a drastic downturn. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per tonne), while the price for China amounted to $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%).

Source: IndexBox Platform