Thailand: Confectionery Market 2022

Confectionery Market Size in Thailand

The thai confectionery market soared to $X in 2021, picking up by X% against the previous year. this figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price).The market value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years.As a result, consumption attained the peak level of $X. from 2020 to 2021, the growth of the market failed to regain momentum.

Confectionery Production in Thailand

In value terms, confectionery production surged to $X in 2021 estimated in export price.The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years.The pace of growth was the most pronounced in 2019 when the production volume increased by X a result, production attained the peak level of $X. from 2020 to 2021, production growth remained at a lower figure.

Confectionery Exports

Exports from Thailand

After two years of decline, overseas shipments of confectionery increased by X% to X tons in 2021.Over the period under review, exports showed a modest expansion.The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year.As a result, the exports reached the peak of X tons. from 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, confectionery exports expanded remarkably to $X in 2021.Overall, exports, however, continue to indicate a perceptible shrinkage.The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year.Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for confectionery exports from Thailand, accounting for a X% share of total exports. Moreover, confectionery exports to Japan exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by Myanmar (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Myanmar (+X% per year).

In value terms, the United States ($X), Japan ($X) and Myanmar ($X) constituted the largest markets for confectionery exported from Thailand worldwide, with a combined X% share of total exports.

Myanmar, with a cagr of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average confectionery export price stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced slump. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 more modest paces of growth.

Confectionery Imports

Imports into Thailand

In 2021, approx. X tons of confectionery were imported into thailand; picking up by X% compared with the previous year.The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.The growth pace was the most rapid in 2016 when imports increased by X peaked in 2021 and are expected to retain growth in the near future.

In value terms, confectionery imports expanded markedly to $X in 2021.The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.The growth pace was the most rapid in 2016 with an increase of X the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Malaysia (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of confectionery imports to Thailand, together accounting for X% of total imports. These countries were followed by Singapore, Taiwan (Chinese), Vietnam, the Philippines, the United States, Australia, Germany, France, Italy and India, which together accounted for a further X 2012 to 2021, the biggest increases were in India (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Indonesia ($X) were the largest confectionery suppliers to Thailand, with a combined X% share of total imports. The united states, singapore, vietnam, italy, australia, germany, the philippines, france, taiwan (chinese) and india lagged somewhat behind, together accounting for a further X the main suppliers, India, with a CAGR of +X%, saw the highest rates of growth with regard to 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

The average confectionery import price stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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