Thailand: Apple Market Overview 2021

Apple Market Size in Thailand

In 2020, the Thai apple market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Apple Exports

Exports from Thailand

In 2020, overseas shipments of apples decreased by -X% to X tonnes, falling for the second consecutive year after four years of growth. Overall, exports showed a pronounced slump. The growth pace was the most rapid in 2015 when exports increased by X% year-to-year. Exports peaked at X tonnes in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, apple exports contracted markedly to $X in 2020. In general, exports showed a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

Lao People's Democratic Republic (X tonnes) was the main destination for apple exports from Thailand, with a X% share of total exports. Moreover, apple exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Hong Kong SAR (X tonnes), fivefold. The third position in this ranking was occupied by Myanmar (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Lao People's Democratic Republic stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-X% per year) and Myanmar (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Lao People's Democratic Republic stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+X% per year) and Myanmar (-X% per year).

Export Prices by Country

In 2020, the average apple export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, export price indicated a modest expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, apple export price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of X% y-o-y. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced a decline.

Apple Imports

Imports into Thailand

In 2020, supplies from abroad of apples increased by X% to X tonnes, rising for the second year in a row after two years of decline. Overall, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, apple imports soared to $X in 2020. Over the period under review, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of apple to Thailand, with a X% share of total imports. Moreover, apple imports from China exceeded the figures recorded by the second-largest supplier, New Zealand (X tonnes), sixfold. The third position in this ranking was occupied by the U.S. (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and the U.S. (+X% per year).

In value terms, China ($X) constituted the largest supplier of apple to Thailand, comprising X% of total imports. The second position in the ranking was occupied by New Zealand ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and the U.S. (+X% per year).

Import Prices by Country

In 2020, the average apple import price amounted to $X per tonne, declining by -X% against the previous year. In general, import price indicated a pronounced expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, apple import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2015; however, from 2016 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were China ($X per tonne) and New Zealand ($X per tonne), while the price for the U.S. ($X per tonne) and France ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apples in the world?

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The country with the largest volume of apple consumption was China (43M tonnes), comprising approx. 48% of total volume. Moreover, apple consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (4.4M tonnes), tenfold. Turkey (3.7M tonnes) ranked third in terms of total consumption with a 4.1% share.

What are the largest producers of apples in the world?

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China (44M tonnes) remains the largest apple producing country worldwide, accounting for 49% of total volume. Moreover, apple production in China exceeded the figures recorded by the second-largest producer, the U.S. (5.1M tonnes), ninefold. Turkey (3.7M tonnes) ranked third in terms of total production with a 4.2% share.

What are the leading suppliers of apples to Thailand?

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In value terms, China ($211M) constituted the largest supplier of apple to Thailand, comprising 77% of total imports. The second position in the ranking was occupied by New Zealand ($34M), with a 12% share of total imports. It was followed by the U.S., with a 6.8% share.

What are the leading importers of apples from Thailand?

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In value terms, Lao People's Democratic Republic ($456K) emerged as the key foreign market for apple exports from Thailand, comprising 62% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($147K), with a 20% share of total exports. It was followed by Myanmar, with a 4.4% share.

What is the average export price for apples in Thailand?

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In 2020, the average apple export price amounted to $847 per tonne, growing by 33% against the previous year.

What is the average import price for apples in Thailand?

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The average apple import price stood at $1,064 per tonne in 2020, declining by -5.4% against the previous year.