Thailand: Onion And Shallot Market 2024

Onion And Shallot Market Size in Thailand

The Thai onion and shallot market expanded markedly to $X in 2022, surging by X% against the previous year. In general, consumption continues to indicate a notable expansion. Onion and shallot consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Onion And Shallot Production in Thailand

In value terms, onion and shallot production amounted to $X in 2022 estimated in export price. In general, production showed a measured expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

In 2022, the average onion and shallot yield in Thailand expanded notably to X tons per ha, surging by X% compared with the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the average onion and shallot yield failed to regain momentum. 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 onion and shallot production in Thailand dropped to X ha, reducing by X% against the year before. Overall, the harvested area continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. The onion and shallot harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Onion And Shallot Exports

Exports from Thailand

After three years of growth, shipments abroad of onion and shallot decreased by X% to X tons in 2022. Overall, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, onion and shallot exports contracted dramatically to $X in 2022. In general, exports recorded a pronounced curtailment. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and Vietnam (X tons) were the main destinations of onion and shallot exports from Thailand, together comprising X% of total exports.

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

In value terms, Malaysia ($X), Taiwan (Chinese) ($X) and Singapore ($X) were the largest markets for onion and shallot exported from Thailand worldwide, with a combined X% share of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average onion and shallot export price amounted to $X per ton, dropping by X% against the previous year. In general, export price indicated a pronounced expansion 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, onion and shallot export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs 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 Japan ($X per ton), while the average price for exports to Indonesia ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Onion And Shallot Imports

Imports into Thailand

In 2022, approx. X tons of onion and shallot were imported into Thailand; increasing by X% on 2021 figures. Overall, imports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, onion and shallot imports dropped to $X in 2022. Over the period under review, imports saw a slight expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Myanmar (X tons) and Australia (X tons) were the main suppliers of onion and shallot imports to Thailand, together comprising X% of total imports.

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

In value terms, Australia ($X), China ($X) and Myanmar ($X) appeared to be the largest onion and shallot suppliers to Thailand, together comprising X% of total imports.

Australia, with a CAGR of X%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2022, the average onion and shallot import price amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, posted a tangible expansion. The pace of growth was the most pronounced in 2015 an increase of X%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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 ($X per ton), while the price for the Netherlands ($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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