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Thailand - Meat - Market Analysis, Forecast, Size, Trends and Insights
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Thailand: Meat Market Overview 2021

Meat Market Size in Thailand

In 2019, the Thai meat market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. From 2014 to 2019, the growth of the market remained at a lower figure.

Meat Production in Thailand

In value terms, meat production fell to $X in 2019 estimated in export prices. Over the period under review, production recorded a slight shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2019, production growth failed to regain the momentum.

The average yield of meat in Thailand dropped to X kg per head in 2019, remaining constant against 2018. Overall, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, the average meat yield reached the peak level at X kg per head in 2010; however, from 2011 to 2019, the yield remained at a lower figure.

In 2019, number of animals slaughtered for meat production in Thailand reduced modestly to X heads, remaining stable against 2018. Overall, the number of producing animals continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the peak level at X heads in 2016; however, from 2017 to 2019, producing animals stood at a somewhat lower figure.

Meat Exports

Exports from Thailand

In 2019, overseas shipments of meat increased by X% to X tonnes, rising for the second consecutive year after two years of decline. In general, exports enjoyed a slight increase. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. As a result, exports attained the peak of X tonnes. From 2016 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, meat exports skyrocketed to $X in 2019. Overall, exports continue to indicate mild growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, exports reached the peak of $X. From 2016 to 2019, the growth exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for meat exports from Thailand, accounting for a X% share of total exports. Moreover, meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tonnes), tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +X%.

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

From 2007 to 2019, the average annual growth rate of value to Hong Kong SAR amounted to +X%.

Export Prices by Country

In 2019, the average meat export price amounted to $X per tonne, remaining stable against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Lao People's Democratic Republic stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR.

Meat Imports

Imports into Thailand

In 2019, overseas purchases of meat decreased by -X% to X tonnes, falling for the fourth year in a row after seven years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% y-o-y. Imports peaked at X tonnes in 2015; however, from 2016 to 2019, imports remained at a lower figure.

In value terms, meat imports declined significantly to $X in 2019. In general, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2016 to 2019, the growth imports remained at a lower figure.

Imports by Country

In 2019, India (X tonnes) constituted the largest supplier of meat to Thailand, with a X% share of total imports. Moreover, meat imports from India exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), twofold. The third position in this ranking was occupied by Italy (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from India amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-X% per year) and Italy (+X% per year).

In value terms, the largest meat suppliers to Thailand were Australia ($X), India ($X) and New Zealand ($X), with a combined X% share of total imports. The U.S., Lao People's Democratic Republic, the Netherlands, Italy, Brazil, Spain and Hong Kong SAR lagged somewhat behind, together accounting for a further X the main suppliers, Lao People's Democratic Republic (+X% per year) 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 meat import price stood at $X per tonne in 2019, flattening at the previous year. In general, import price indicated a strong expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, meat import price increased by +X% against 2013 indices. The pace of growth appeared 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 reached the peak figure at $X per tonne in 2018, and then reduced modestly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Australia ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for meat in the world?
+
China (71M tonnes) remains the largest meat consuming country worldwide, comprising approx. 33% of total volume. Moreover, meat consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (23M tonnes), threefold. The third position in this ranking was occupied by Brazil (12M tonnes), with a 5.4% share.
What are the largest producers of meat in the world?
+
The country with the largest volume of meat production was China (68M tonnes), comprising approx. 31% of total volume. Moreover, meat production in China exceeded the figures recorded by the second-largest producer, the U.S. (25M tonnes), threefold. The third position in this ranking was occupied by Brazil (14M tonnes), with a 6.4% share.
What are the leading suppliers of meat to Thailand?
+
In value terms, the largest meat suppliers to Thailand were Australia ($33M), India ($27M) and New Zealand ($7.2M), with a combined 77% share of total imports. These countries were followed by the U.S., Lao People's Democratic Republic, the Netherlands, Italy, Brazil, Spain and Hong Kong SAR, which together accounted for a further 12%.
What are the leading importers of meat from Thailand?
+
In value terms, Hong Kong SAR ($8.6M) remains the key foreign market for meat exports from Thailand, comprising 89% of total exports. The second position in the ranking was occupied by Lao People's Democratic Republic ($432K), with a 4.4% share of total exports.
What is the average export price for meat in Thailand?
+
In 2019, the average meat export price amounted to $2,563 per tonne, therefore, remained relatively stable against the previous year.
What is the average import price for meat in Thailand?
+
The average meat import price stood at $4,980 per tonne in 2019, remaining relatively unchanged against the previous year.

Product coverage:
• FCL 1108 - Meat of asses
• FCL 947 - Buffalo meat
• FCL 1127 - Meat of camels
• FCL 867 - Meat of cattle
• FCL 870 - Meat of cattle, boneless
• FCL 1017 - Goat meat
• FCL 1097 - Horse meat
• FCL 1111 - Meat of mules
• FCL 1158 - Meat of other domestic camelids
• FCL 1151 - Meat of other domestic rodents
• FCL 1035 - Pig meat
• FCL 1141 - Rabbit meat
• FCL 977 - Meat of sheep

This report provides an in-depth analysis of the meat market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Thailand

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Thailand
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Producing Animals Slaughtered, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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