Thailand: Chewing Gum Market 2024

Chewing Gum Market Size in Thailand

The Thai chewing gum market shrank to $X in 2022, waning by X% against the previous year. Overall, consumption faced a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Chewing Gum Production in Thailand

In value terms, chewing gum production totaled $X in 2022 estimated in export price. In general, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Chewing gum production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Chewing Gum Exports

Exports from Thailand

In 2022, shipments abroad of chewing gum increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports, however, faced a precipitous decrease. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, chewing gum exports surged to $X in 2022. Over the period under review, exports, however, showed a abrupt decrease. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Myanmar (X tons), Saudi Arabia (X tons) and Vietnam (X tons) were the main destinations of chewing gum exports from Thailand, with a combined X% share of total exports. Cambodia, Kuwait, Russia, Malaysia, Lao People's Democratic Republic, China and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Myanmar ($X) and Vietnam ($X) were the largest markets for chewing gum exported from Thailand worldwide, with a combined X% share of total exports. Cambodia, Kuwait, Russia, Lao People's Democratic Republic, Malaysia, China and Japan lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chewing gum export price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Thailand

Chewing gum imports into Thailand declined notably to X tons in 2022, falling by X% on the year before. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chewing gum imports reduced notably to $X in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X tons) constituted the largest supplier of chewing gum to Thailand, with a X% share of total imports. Moreover, chewing gum imports from the Philippines exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Philippines stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and China (X% per year).

In value terms, the Philippines ($X), Vietnam ($X) and China ($X) were the largest chewing gum suppliers to Thailand, with a combined X% share of total imports. Indonesia and Brazil lagged somewhat behind, together comprising a further X%.

Indonesia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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