Thailand: Apple Market 2022

Apple Market Size in Thailand

After two years of growth, the Thai apple market decreased by -X% to $X in 2021. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2018 indices. Apple consumption peaked at $X in 2020, and then shrank in the following year.

Apple Exports

Exports from Thailand

In 2021, overseas shipments of apples increased by X% to X tonnes, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed a remarkable increase. Over the period under review, the exports reached the maximum at X tonnes in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, apple exports surged to $X in 2021. In general, exports recorded strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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, Cambodia (X tonnes), threefold.

From 2012 to 2021, the average annual growth rate of volume to Lao People's Democratic Republic totaled +X%.

In value terms, Cambodia ($X) and Lao People's Democratic Republic ($X) constituted the largest markets for apple exported from Thailand worldwide.

Cambodia, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average apple export price stood at $X per tonne in 2021, waning by -X% against the previous year. Overall, the export price saw a noticeable downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Cambodia ($X per tonne), while the average price for exports to Lao People's Democratic Republic totaled $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+X%).

Apple Imports

Imports into Thailand

In 2021, after two years of growth, there was decline in purchases abroad of apples, when their volume decreased by -X% to X tonnes. The total import volume increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tonnes in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, apple imports expanded to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X tonnes) constituted the largest apple supplier 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), sevenfold.

From 2012 to 2021, 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 United States (-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.

From 2012 to 2021, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+X% per year) and the United States (-X% per year).

Import Prices by Country

The average apple import price stood at $X per tonne in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was New Zealand ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

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

Source: IndexBox Platform