Thailand: Plum And Sloe Market Overview 2021

Plum And Sloe Market Size in Thailand

In 2019, the Thai plum and sloe market was finally on the rise to reach $X for the first time since 2016, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a prominent expansion. Plum and sloe consumption peaked at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Plum And Sloe Exports

Exports from Thailand

In 2019, shipments abroad of plums and sloes decreased by -X% to X tonnes, falling for the second year in a row after seven years of growth. Over the period under review, exports faced a sharp downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, plum and sloe exports contracted rapidly to $X in 2019. Overall, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tonnes), Singapore (X tonnes) and Russia (X kg) were the main destinations of plum and sloe exports from Thailand, with a combined X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia, while exports for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) remains the key foreign market for plum and sloe exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-X% per year) and Russia (+X% per year).

Export Prices by Country

The average plum and sloe export price stood at $X per tonne in 2019, leveling off at the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2010 an increase of X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2011 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2019, the country with the highest price was Qatar ($X per tonne), while the average price for exports to Malaysia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Qatar, while the prices for the other major destinations experienced a decline.

Plum And Sloe Imports

Imports into Thailand

In 2019, supplies from abroad of plums and sloes was finally on the rise to reach X tonnes after two years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. As a result, imports attained the peak of X tonnes. From 2017 to 2019, the growth imports remained at a lower figure.

In value terms, plum and sloe imports totaled $X in 2019. Overall, imports showed a notable expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, China (X tonnes) was the main plum and sloe supplier to Thailand, accounting for a X% share of total imports. It was followed by Australia (X tonnes), with a X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from China amounted to +X%.

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

From 2007 to 2019, the average annual rate of growth in terms of value from China totaled +X%.

Import Prices by Country

In 2019, the average plum and sloe import price amounted to $X per tonne, with an increase of X% against the previous year. Over the period under review, import price indicated a modest 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, plum and sloe import price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plums and sloes in the world?

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The country with the largest volume of plum and sloe consumption was China (7M tonnes), accounting for 55% of total volume. Moreover, plum and sloe consumption in China exceeded the figures recorded by the second-largest consumer, Romania (708K tonnes), tenfold. The third position in this ranking was occupied by Serbia (542K tonnes), with a 4.3% share.

What are the largest producers of plums and sloes in the world?

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China (7M tonnes) remains the largest plum and sloe producing country worldwide, comprising approx. 55% of total volume. Moreover, plum and sloe production in China exceeded the figures recorded by the second-largest producer, Romania (693K tonnes), tenfold. The third position in this ranking was occupied by Serbia (559K tonnes), with a 4.4% share.

What are the leading suppliers of plums and sloes to Thailand?

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In value terms, China ($509K) constituted the largest supplier of plum and sloe to Thailand, comprising 94% of total imports. The second position in the ranking was occupied by Australia ($25K), with a 4.7% share of total imports.

What are the leading importers of plums and sloes from Thailand?

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In value terms, the United Arab Emirates ($2K) remains the key foreign market for plum and sloe exports from Thailand, comprising 55% of total exports. The second position in the ranking was occupied by Singapore ($688), with a 19% share of total exports. It was followed by Russia, with a 12% share.

What is the average export price for plums and sloes in Thailand?

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In 2019, the average plum and sloe export price amounted to $1,025 per tonne, flattening at the previous year.

What is the average import price for plums and sloes in Thailand?

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The average plum and sloe import price stood at $1,644 per tonne in 2019, growing by 1.7% against the previous year.