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Thailand - Pork (Meat Of Swine) - Market Analysis, Forecast, Size, Trends and Insights
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Thailand: Pork Market Overview 2021

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Pork Market Size in Thailand

In 2020, the Thai pork market increased by X% to $X, rising for the fourth consecutive year after three years of decline. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2020, consumption failed to regain the momentum.

Pork Production in Thailand

In value terms, pork production expanded rapidly to $X in 2020 estimated in export prices. Overall, the total production indicated modest growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% year-to-year. Pork production peaked at $X in 2013; afterwards, it flattened through to 2020.

The average yield of pork in Thailand was estimated at X kg per head in 2020, standing approx. at the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, the average pork yield reached the maximum level in 2020 and is expected to retain growth in the immediate term.

In 2020, approx. X heads of animals slaughtered for pork production in Thailand; flattening at the previous year's figure. Over the period under review, the number of producing animals showed a relatively flat trend pattern. The growth pace was the most rapid in 2012 when the number of producing animals increased by X% year-to-year. Over the period under review, this number reached the peak level at X heads in 2007; however, from 2008 to 2020, producing animals failed to regain the momentum.

Pork Exports

Exports from Thailand

For the third consecutive year, Thailand recorded growth in shipments abroad of pork, which increased by X% to X tonnes in 2020. In general, exports recorded a strong expansion. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pork exports skyrocketed to $X in 2020. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to continue growth in years to come.

Exports by Country

Hong Kong SAR (X tonnes) was the main destination for pork exports from Thailand, accounting for a X% share of total exports. It was followed by Lao People's Democratic Republic (X tonnes), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+X% per year) and Cambodia (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+X% per year) and Lao People's Democratic Republic (+X% per year).

Export Prices by Country

The average pork export price stood at $X per tonne in 2020, surging by X% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Hong Kong SAR ($X per tonne), while the average price for exports to Lao People's Democratic Republic ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR, while the prices for the other major destinations experienced a decline.

Pork Imports

Imports into Thailand

In 2020, imports of pork into Thailand contracted notably to X tonnes, reducing by -X% compared with the year before. In general, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at X tonnes in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, pork imports dropped sharply to $X in 2020. Over the period under review, imports recorded a slight increase. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Brazil (X tonnes) constituted the largest supplier of pork to Thailand, accounting for a X% share of total imports. Moreover, pork imports from Brazil exceeded the figures recorded by the second-largest supplier, Paraguay (X tonnes), fourfold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and the Netherlands (-X% per year).

In value terms, Brazil ($X) constituted the largest supplier of pork to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Brazil amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The average pork import price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the period under review, import price indicated prominent growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, pork import price increased by +X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pork in the world?
+
China (47M tonnes) constituted the country with the largest volume of pork consumption, comprising approx. 42% of total volume. Moreover, pork consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (11M tonnes), fourfold. Russia (5M tonnes) ranked third in terms of total consumption with a 4.5% share.
What are the largest producers of pork in the world?
+
China (43M tonnes) constituted the country with the largest volume of pork production, comprising approx. 38% of total volume. Moreover, pork production in China exceeded the figures recorded by the second-largest producer, the U.S. (13M tonnes), threefold. Germany (5.3M tonnes) ranked third in terms of total production with a 4.7% share.
What are the leading suppliers of pork to Thailand?
+
In value terms, Brazil ($1.1M) constituted the largest supplier of pork to Thailand, comprising 64% of total imports. The second position in the ranking was occupied by Germany ($194K), with a 11% share of total imports. It was followed by the Netherlands, with a 9.8% share.
What are the leading importers of pork from Thailand?
+
In value terms, Hong Kong SAR ($103M) remains the key foreign market for pork exports from Thailand, comprising 97% of total exports. The second position in the ranking was occupied by Cambodia ($1.2M), with a 1.1% share of total exports.
What is the average export price for pork in Thailand?
+
In 2020, the average pork export price amounted to $4,002 per tonne, picking up by 11% against the previous year.
What is the average import price for pork in Thailand?
+
The average pork import price stood at $2,322 per tonne in 2020, rising by 62% against the previous year.

Product coverage:
• FCL 1035 - Pig meat

This report provides an in-depth analysis of the pork 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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