Thailand: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Thailand

The Thai market for protein concentrates and flavoured or coloured sugar syrups reduced modestly to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Thailand

In value terms, production of protein concentrates and flavoured or coloured sugar syrups contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

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Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Thailand

In 2022, overseas shipments of protein concentrates and flavoured or coloured sugar syrups decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups skyrocketed to $X in 2022. Over the period under review, exports, however, saw a mild increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main destinations of exports of protein concentrates and flavoured or coloured sugar syrups from Thailand, with a combined X% share of total exports. The Philippines, Singapore, the United States, Japan, Malaysia, the UK, Canada, Finland, Australia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for protein concentrate and flavoured or coloured sugar syrup exported from Thailand were Hong Kong SAR ($X), the Philippines ($X) and China ($X), together comprising X% of total exports. Taiwan (Chinese), Singapore, Malaysia, the United States, the UK, Japan, Finland, the Czech Republic, Australia and Canada lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Finland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw temperate growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Thailand

In 2022, supplies from abroad of protein concentrates and flavoured or coloured sugar syrups increased by X% to X tons, rising for the fifth year in a row after four years of decline. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups expanded modestly to $X in 2022. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of protein concentrate and flavoured or coloured sugar syrup to Thailand, with a X% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the Netherlands (X% per year).

In value terms, the largest protein concentrate and flavoured or coloured sugar syrup suppliers to Thailand were China ($X), the United States ($X) and Switzerland ($X), with a combined X% share of total imports. The Netherlands, Japan, Norway, Taiwan (Chinese), Canada, Israel and Indonesia lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers 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 import price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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