Thailand - Almonds - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Thailand: Almond Market Overview 2020

Almond Market Size in Thailand

The revenue of the almond market in Thailand amounted to $X in 2018, reducing by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, almond consumption continues to indicate a temperate curtailment. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, the almond market attained its maximum level at $X in 2012; however, from 2013 to 2018, consumption failed to regain its momentum.

Almond Exports

Exports from Thailand

In 2018, the exports of almonds from Thailand amounted to X tonnes, going up by X% against the previous year. In general, almond exports continue to indicate an extraordinary increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, almond exports amounted to $X in 2018. In general, almond exports continue to indicate extraordinary growth. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Exports peaked in 2018 and are expected to retain its growth in the immediate term.

Exports by Country

Lao People's Democratic Republic (X tonnes) was the main destination for almond exports from Thailand, accounting for a X% share of total exports. Moreover, almond exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Viet Nam (X tonnes), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume to Lao People's Democratic Republic amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and China (+X% per year).

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for almond exports from Thailand, comprising X% of total almond exports. The second position in the ranking was occupied by Viet Nam ($X), with a X% share of total exports.

From 2007 to 2018, the average annual growth rate of value to Lao People's Democratic Republic amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Viet Nam (+X% per year) and China (+X% per year).

Export Prices by Country

The average almond export price stood at $X per tonne in 2018, increasing by X% against the previous year. Over the period under review, the almond export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2011 when the average export price increased by X% year-to-year. The export price peaked in 2018 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Lao People's Democratic Republic ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Viet Nam, while the prices for the other major destinations experienced more modest paces of growth.

Almond Imports

Imports into Thailand

Almond imports into Thailand amounted to X tonnes in 2018, waning by -X% against the previous year. Over the period under review, almond imports continue to indicate a moderate deduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, almond imports attained their maximum at X tonnes in 2010; however, from 2011 to 2018, imports remained at a lower figure.

In value terms, almond imports stood at $X in 2018. Over the period under review, almond imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

In 2018, China, Hong Kong SAR (X tonnes) constituted the largest supplier of almond to Thailand, with a X% share of total imports. Moreover, almond imports from China, Hong Kong SAR exceeded the figures recorded by the second-largest supplier, China (X tonnes), fourfold. The third position in this ranking was occupied by Australia (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China, Hong Kong SAR totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Australia (+X% per year).

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

From 2007 to 2018, the average annual rate of growth in terms of value from China, Hong Kong SAR stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+X% per year) and China (+X% per year).

Import Prices by Country

In 2018, the average almond import price amounted to $X per tonne, rising by X% against the previous year. Overall, the almond import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2016; however, from 2017 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform