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Thailand - Spinach - Market Analysis, Forecast, Size, Trends and Insights
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Thailand: Spinach Market Overview 2021

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Spinach Market Size in Thailand

In 2020, the Thai spinach market decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption enjoyed prominent growth. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2020, consumption stood at a somewhat lower figure.

Spinach Exports

Exports from Thailand

In 2020, spinach exports from Thailand soared to X tonnes, jumping by X% on the previous year. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. From 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, spinach exports surged to $X in 2020. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked in 2020 and are expected to retain growth in the near future.

Exports by Country

Singapore (X tonnes) was the main destination for spinach exports from Thailand, accounting for a X% share of total exports. Moreover, spinach exports to Singapore exceeded the volume sent to the second major destination, Malaysia (X tonnes), threefold. The third position in this ranking was occupied by the UK (X kg), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Singapore totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+X% per year) and the UK (+X% per year).

In value terms, Singapore ($X) remains the key foreign market for spinach exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by the UK ($X), with a X% share of total exports. It was followed by Canada, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Singapore amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Canada (+X% per year).

Export Prices by Country

In 2020, the average spinach export price amounted to $X per tonne, rising by X% against the previous year. Overall, the export price showed a significant increase. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The export price peaked in 2020 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the UK ($X per tonne), while the average price for exports to Malaysia ($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 Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Spinach Imports

Imports into Thailand

In 2020, imports of spinach into Thailand expanded significantly to X tonnes, growing by X% on the previous year's figure. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2009 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, spinach imports reduced markedly to $X in 2020. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2009 with an increase of X% y-o-y. Imports peaked at $X in 2015; however, from 2016 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tonnes) was the main spinach supplier to Thailand, accounting for a X% share of total imports. It was followed by Australia (X tonnes), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled +X%.

In value terms, China ($X) constituted the largest supplier of spinach to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Australia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China stood at +X%.

Import Prices by Country

In 2020, the average spinach import price amounted to $X per tonne, declining by -X% against the previous year. Over the period under review, import price indicated noticeable growth from 2007 to 2020: its price increased 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. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2019, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per tonne), while the price for China totaled $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spinach in the world?
+
The country with the largest volume of spinach consumption was China (58M tonnes), comprising approx. 96% of total volume.
What are the largest producers of spinach in the world?
+
China (58M tonnes) remains the largest spinach producing country worldwide, accounting for 96% of total volume.
What are the leading suppliers of spinach to Thailand?
+
In value terms, China ($563K) constituted the largest supplier of spinach to Thailand, comprising 69% of total imports. The second position in the ranking was occupied by Australia ($220K), with a 27% share of total imports.
What are the leading importers of spinach from Thailand?
+
In value terms, Singapore ($75K) remains the key foreign market for spinach exports from Thailand, comprising 64% of total exports. The second position in the ranking was occupied by the UK ($9.2K), with a 7.9% share of total exports. It was followed by Canada, with a 5.1% share.
What is the average export price for spinach in Thailand?
+
In 2020, the average spinach export price amounted to $9,999 per tonne, growing by 6.1% against the previous year.
What is the average import price for spinach in Thailand?
+
In 2020, the average spinach import price amounted to $728 per tonne, waning by -43.3% against the previous year.

Product coverage:
• FCL 373 - Spinach

This report provides an in-depth analysis of the spinach 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, HARVESTED AREA 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:
Area Harvested, 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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