Thailand: Apple Juice Market 2022

Apple Juice Market Size in Thailand

The Thai apple juice market fell to $X in 2021, shrinking by -X% against the previous year. Overall, consumption, however, recorded buoyant growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Apple Juice Production in Thailand

In value terms, apple juice production reduced markedly to $X in 2021 estimated in export price. In general, production, however, posted strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Apple Juice Exports

Exports from Thailand

In 2021, exports of apple juice (single strength) from Thailand soared to X tons, growing by X% on 2020 figures. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, apple juice exports surged to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Cambodia (X tons) was the main destination for apple juice exports from Thailand, with a X% share of total exports. Moreover, apple juice exports to Cambodia exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and China (+X% per year).

In value terms, Cambodia ($X) remains the key foreign market for apple juice exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cambodia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Hong Kong SAR (+X% per year).

Export Prices by Country

In 2021, the average apple juice export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

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

Apple Juice Imports

Imports into Thailand

In 2021, overseas purchases of apple juice (single strength) increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, apple juice imports rose rapidly to $X in 2021. Over the period under review, imports, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), Hungary (X tons) and France (X tons) were the main suppliers of apple juice imports to Thailand, with a combined X% share of total imports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of apple juice to Thailand, comprising X% of total imports. The second position in the ranking was taken by France ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the United States (-X% per year).

Import Prices by Country

In 2021, the average apple juice import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform