Thailand: Peach And Nectarine Market Overview 2021

Peach And Nectarine Market Size in Thailand

The Thai peach and nectarine market expanded remarkably to $X in 2019, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw pronounced growth. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2011 to 2019, the growth of the market failed to regain the momentum.

Peach And Nectarine Exports

Exports from Thailand

In 2019, approx. X tonnes of peaches and nectarines were exported from Thailand; reducing by -X% compared with the previous year's figure. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% year-to-year. As a result, exports attained the peak of X tonnes. From 2017 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, peach and nectarine exports reduced to $X in 2019. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. Exports peaked at $X in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

Exports by Country

Russia (X tonnes) was the main destination for peach and nectarine exports from Thailand, accounting for a X% share of total exports. Moreover, peach and nectarine exports to Russia exceeded the volume sent to the second major destination, Cambodia (X tonnes), more than tenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Russia totaled +X%.

In value terms, Russia ($X) remains the key foreign market for peach and nectarine exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Cambodia ($X), with a X% share of total exports.

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

Export Prices by Country

The average peach and nectarine export price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, the export price posted prominent growth. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average export prices hit record highs in 2019 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per tonne), while the average price for exports to Cambodia amounted to $X per tonne.

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

Peach And Nectarine Imports

Imports into Thailand

In 2019, imports of peaches and nectarines into Thailand reached X tonnes, leveling off at 2018 figures. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2011 to 2019, the growth imports remained at a somewhat lower figure.

In value terms, peach and nectarine imports rose modestly to $X in 2019. In general, imports recorded a measured increase. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, China (X tonnes) constituted the largest supplier of peach and nectarine to Thailand, with a X% share of total imports. Moreover, peach and nectarine imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tonnes), sevenfold. The third position in this ranking was occupied by Japan (X tonnes), with a X% share.

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

In value terms, Japan ($X) constituted the largest supplier of peach and nectarine to Thailand, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Australia, with a X% share.

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

Import Prices by Country

The average peach and nectarine import price stood at $X per tonne in 2019, picking up by X% against the previous year. In general, the import price continues to indicate a notable increase. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Japan ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for peaches and nectarines in the world?

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China (32M tonnes) remains the largest peach and nectarine consuming country worldwide, comprising approx. 75% of total volume. Moreover, peach and nectarine consumption in China exceeded the figures recorded by the second-largest consumer, Italy (1.2M tonnes), more than tenfold. The third position in this ranking was occupied by Greece (763K tonnes), with a 1.8% share.

What are the largest producers of peaches and nectarines in the world?

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The country with the largest volume of peach and nectarine production was China (32M tonnes), comprising approx. 75% of total volume. Moreover, peach and nectarine production in China exceeded the figures recorded by the second-largest producer, Spain (1.5M tonnes), more than tenfold. Italy (1.2M tonnes) ranked third in terms of total production with a 2.9% share.

What are the leading suppliers of peaches and nectarines to Thailand?

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In value terms, Japan ($396K) constituted the largest supplier of peach and nectarine to Thailand, comprising 56% of total imports. The second position in the ranking was occupied by China ($177K), with a 25% share of total imports. It was followed by Australia, with a 10% share.

What are the leading importers of peaches and nectarines from Thailand?

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In value terms, Russia ($113K) remains the key foreign market for peach and nectarine exports from Thailand, comprising 99% of total exports. The second position in the ranking was occupied by Cambodia ($1.5K), with a 1.3% share of total exports.

What is the average export price for peaches and nectarines in Thailand?

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In 2019, the average peach and nectarine export price amounted to $5,876 per tonne, jumping by 70% against the previous year.

What is the average import price for peaches and nectarines in Thailand?

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In 2019, the average peach and nectarine import price amounted to $2,092 per tonne, surging by 3.1% against the previous year.