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Thailand - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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Thailand: Refined Olive Oil Market Overview 2021

Refined Olive Oil Market Size in Thailand

In 2019, the Thai refined olive oil market increased by X% to $X for the first time since 2014, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Refined Olive Oil Production in Thailand

In value terms, refined olive oil production surged to $X in 2019 estimated in export prices. Over the period under review, production, however, recorded a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2019, production failed to regain the momentum.

Refined Olive Oil Exports

Exports from Thailand

In 2019, refined olive oil exports from Thailand skyrocketed to X tonnes, increasing by X% against the previous year. Overall, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth exports remained at a lower figure.

In value terms, refined olive oil exports soared to $X in 2019. In general, exports, however, showed a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

The Netherlands (X tonnes) was the main destination for refined olive oil exports from Thailand, with a X% share of total exports. Moreover, refined olive oil exports to the Netherlands exceeded the volume sent to the second major destination, the United Arab Emirates (X tonnes), twofold. The third position in this ranking was occupied by Madagascar (X tonnes), with a X% share.

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

In value terms, the Netherlands ($X) remains the key foreign market for refined olive oil exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Macao SAR ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to the Netherlands totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+X% per year) and Cambodia (+X% per year).

Export Prices by Country

The average refined olive oil export price stood at $X per tonne in 2019, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2012 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Viet Nam ($X per tonne), while the average price for exports to Madagascar ($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 the Netherlands, while the prices for the other major destinations experienced mixed trend patterns.

Refined Olive Oil Imports

Imports into Thailand

Refined olive oil imports into Thailand reduced remarkably to X tonnes in 2019, shrinking by -X% compared with the year before. In general, total imports indicated buoyant growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2014; however, from 2015 to 2019, imports remained at a lower figure.

In value terms, refined olive oil imports shrank sharply to $X in 2019. Over the period under review, total imports indicated a measured increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then reduced remarkably in the following year.

Imports by Country

Spain (X tonnes) and Italy (X tonnes) were the main suppliers of refined olive oil imports to Thailand, together accounting for X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy.

In value terms, the largest refined olive oil suppliers to Thailand were Spain ($X) and Italy ($X), with a combined X% share of total imports.

Italy recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average refined olive oil import price stood at $X per tonne in 2019, with a decrease of -X% against the previous year. Over the period under review, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2019, the country with the highest price was Italy ($X per tonne), while the price for Spain amounted to $X per tonne.

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

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refined olive oil in the world?
+
The countries with the highest volumes of refined olive oil consumption in 2019 were China (672K tonnes), the U.S. (356K tonnes) and India (263K tonnes), with a combined 28% share of global consumption. These countries were followed by Spain, Japan, Indonesia, Germany, Russia, Brazil, Pakistan, Bangladesh, France and Italy, which together accounted for a further 28%.
What are the largest producers of refined olive oil in the world?
+
The countries with the highest volumes of refined olive oil production in 2019 were China (664K tonnes), Spain (417K tonnes) and the U.S. (277K tonnes), with a combined 30% share of global production. India, Japan, Indonesia, Germany, Russia, Pakistan, Brazil, Italy, Bangladesh and France lagged somewhat behind, together accounting for a further 29%.
What are the leading suppliers of refined olive oil to Thailand?
+
In value terms, Spain ($4.1M) and Italy ($3.3M) were the largest refined olive oil suppliers to Thailand, with a combined 99% share of total imports.
What are the leading importers of refined olive oil from Thailand?
+
In value terms, the Netherlands ($14K) remains the key foreign market for refined olive oil exports from Thailand, comprising 39% of total exports. The second position in the ranking was occupied by Macao SAR ($4.4K), with a 12% share of total exports. It was followed by Cambodia, with a 9.4% share.
What is the average export price for refined olive oil in Thailand?
+
In 2019, the average refined olive oil export price amounted to $2,956 per tonne, growing by 12% against the previous year.
What is the average import price for refined olive oil in Thailand?
+
The average refined olive oil import price stood at $3,576 per tonne in 2019, reducing by -25.6% against the previous year.

Product coverage:
• Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined olive oil 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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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