Thailand: Pork Market 2024

Pork Market Size in Thailand

The Thai pork market was estimated at $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Pork Production in Thailand

In value terms, pork production expanded to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Pork production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of pork in Thailand declined modestly to X kg per head in 2022, therefore, remained relatively stable against the previous year. Overall, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the average pork yield attained the maximum level at X kg per head in 2021, and then dropped modestly in the following year.

In 2022, the number of animals slaughtered for pork production in Thailand fell slightly to X heads, therefore, remained relatively stable against the year before. Over the period under review, the number of producing animals showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the amount of animals produced reached the peak level of X heads. From 2014 to 2022, the growth of this number remained at a somewhat lower figure.

Pork Exports

Exports from Thailand

In 2022, overseas shipments of pork decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, pork exports contracted notably to $X in 2022. In general, exports, however, posted moderate growth. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), Myanmar (X tons) and Cambodia (X tons) were the main destinations of pork exports from Thailand, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Lao People's Democratic Republic (X% per year).

Export Prices by Country

In 2022, the average pork export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked 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 Hong Kong SAR ($X per ton), while the average price for exports to Cambodia ($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 Lao People's Democratic Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Pork Imports

Imports into Thailand

In 2022, approx. X tons of pork were imported into Thailand; growing by X% compared with the previous year's figure. In general, imports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, pork imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest pork supplier to Thailand, with a X% share of total imports. Moreover, pork imports from Spain exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Japan (X% per year).

In value terms, the largest pork suppliers to Thailand were Japan ($X), Spain ($X) and Brazil ($X), with a combined X% share of total imports.

In terms of the main suppliers, Japan, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average pork import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price posted strong growth. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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