Thailand: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Thailand

In 2022, the Thai primary fiber crops market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, recorded a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Primary Fiber Crops Production in Thailand

In value terms, primary fiber crops production fell to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Primary Fiber Crops Exports

Exports from Thailand

In 2022, overseas shipments of fiber crops (primary) decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, primary fiber crops exports declined markedly to $X in 2022. Overall, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for primary fiber crops exports from Thailand, accounting for a X% share of total exports. Moreover, primary fiber crops exports to China exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

In value terms, China ($X) remains the key foreign market for fiber crops (primary) exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average primary fiber crops export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2018 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 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($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 China (X%), while the prices for the other major destinations experienced a decline.

Primary Fiber Crops Imports

Imports into Thailand

In 2022, supplies from abroad of fiber crops (primary) increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, primary fiber crops imports surged to $X in 2022. Overall, imports, however, continue to indicate a pronounced descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Australia (X tons), the United States (X tons) and Brazil (X tons) were the main suppliers of primary fiber crops imports to Thailand, with a combined X% share of total imports. Argentina, India, Cote d'Ivoire and Mali lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest primary fiber crops suppliers to Thailand were Australia ($X), the United States ($X) and Brazil ($X), together accounting for X% of total imports. Argentina, India, Cote d'Ivoire and Mali lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Argentina, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 primary fiber crops import price amounted to $X per ton, rising by X% against the previous year. Overall, import price indicated a notable increase 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, primary fiber crops import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Australia ($X per ton), while the price for Brazil ($X per ton) and Argentina ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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