Thailand: Almond Market Overview 2021

Almond Market Size in Thailand

In 2019, the Thai almond market increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption saw significant growth. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Almond consumption peaked in 2019 and is expected to retain growth in the near future.

Almond Exports

Exports from Thailand

Almond exports from Thailand dropped to X tonnes in 2019, waning by -X% compared with the year before. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Exports peaked at X tonnes in 2009; however, from 2010 to 2019, exports stood at a somewhat lower figure.

In value terms, almond exports fell to $X in 2019. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2012 when exports increased by X% against the previous year. Exports peaked at $X in 2018, and then reduced in the following year.

Exports by Country

China (X tonnes) was the main destination for almond exports from Thailand, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to China stood at +X%.

In value terms, China ($X) also remains the key foreign market for almond exports from Thailand.

From 2007 to 2019, the average annual growth rate of value to China totaled +X%.

Export Prices by Country

In 2019, the average almond export price amounted to $X per tonne, standing approx. at the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2009 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2014; however, from 2015 to 2019, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2019, the rate of growth in terms of prices for China amounted to +X% per year.

Almond Imports

Imports into Thailand

In 2019, overseas purchases of almonds increased by X% to X tonnes, rising for the second consecutive year after three years of decline. Overall, imports showed a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, almond imports surged to $X in 2019. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure in 2019 and are likely to continue growth in the immediate term.

Imports by Country

In 2019, Hong Kong SAR (X tonnes) constituted the largest almond supplier to Thailand, accounting for a X% share of total imports. Moreover, almond imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), fivefold.

From 2007 to 2019, the average annual growth rate of volume from Hong Kong SAR totaled +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from Hong Kong SAR stood at +X%.

Import Prices by Country

The average almond import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Overall, the import price, however, showed a slight increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was the U.S. ($X per tonne), while the price for Hong Kong SAR stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for almonds in the world?

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The country with the largest volume of almond consumption was the U.S. (1.7M tonnes), accounting for 50% of total volume. Moreover, almond consumption in the U.S. exceeded the figures recorded by the second-largest consumer, Spain (338K tonnes), fivefold. Iran (182K tonnes) ranked third in terms of total consumption with a 5.3% share.

What are the largest producers of almonds in the world?

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The U.S. (1.9M tonnes) remains the largest almond producing country worldwide, accounting for 55% of total volume. Moreover, almond production in the U.S. exceeded the figures recorded by the second-largest producer, Spain (340K tonnes), sixfold. Iran (177K tonnes) ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of almonds to Thailand?

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In value terms, Hong Kong SAR ($4.9M) constituted the largest supplier of almond to Thailand, comprising 76% of total imports. The second position in the ranking was occupied by the U.S. ($1.5M), with a 24% share of total imports.

What are the leading importers of almonds from Thailand?

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In value terms, China ($1.5M) remains the key foreign market for almond exports from Thailand.

What is the average export price for almonds in Thailand?

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In 2019, the average almond export price amounted to $4,384 per tonne, flattening at the previous year.

What is the average import price for almonds in Thailand?

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The average almond import price stood at $3,203 per tonne in 2019, with a decrease of -6.4% against the previous year.