Thailand: Grain Market 2024

Grain Market Size in Thailand

The Thai grain market reduced modestly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a pronounced setback. Grain consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Grain Production in Thailand

In value terms, grain production expanded modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Grain production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

In 2022, the average yield of grain in Thailand contracted slightly to X tons per ha, remaining stable against the previous year. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the yield increased by X%. Over the period under review, the average grain yield reached the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of grain production in Thailand fell slightly to X ha, which is down by X% against the previous year. Over the period under review, the harvested area showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

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Grain Exports

Exports from Thailand

In 2022, approx. X tons of grain were exported from Thailand; waning by X% on the previous year. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, grain exports dropped to $X in 2022. Overall, exports, however, recorded a modest expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Pakistan (X tons) and Myanmar (X tons) were the main destinations of grain exports from Thailand, with a combined X% share of total exports. Vietnam, Indonesia, Lao People's Democratic Republic, Japan, Ecuador, the Philippines and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for grain exported from Thailand were Pakistan ($X), Myanmar ($X) and Vietnam ($X), together accounting for X% of total exports. Ecuador, Malaysia, Japan, Lao People's Democratic Republic, Taiwan (Chinese), Indonesia and the Philippines lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grain export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2019 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the Philippines ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Thailand

In 2022, purchases abroad of grain decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, grain imports reduced rapidly to $X in 2022. In general, imports, however, recorded pronounced growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Myanmar (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of grain imports to Thailand, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest grain suppliers to Thailand were Myanmar ($X), Australia ($X) and the United States ($X), together accounting for X% of total imports.

In terms of the main suppliers, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grain import price stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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