Thailand: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Thailand

In 2022, the Thai orange juice (single strength) market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, saw a deep slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Orange Juice (Single Strength) in Thailand

In value terms, orange juice (single strength) production fell modestly to $X in 2022 estimated in export price. In general, production, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Orange Juice (Single Strength)

Exports from Thailand

In 2022, after two years of growth, there was significant decline in shipments abroad of orange juice (single strength), when their volume decreased by X% to X tons. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, orange juice (single strength) exports declined to $X in 2022. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for orange juice (single strength) exports from Thailand, accounting for a X% share of total exports. Moreover, orange juice (single strength) exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, South Korea (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

In value terms, the largest markets for orange juice (single strength) exported from Thailand were South Korea ($X), Lao People's Democratic Republic ($X) and China ($X), with a combined X% share of total exports. The Philippines, Cambodia, Japan and Myanmar lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

In 2022, the average orange juice (single strength) export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Myanmar ($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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Thailand

After four years of decline, purchases abroad of orange juice (single strength) increased by X% to X tons in 2022. Overall, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, orange juice (single strength) imports soared to $X in 2022. In general, imports saw a noticeable expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest orange juice (single strength) supplier to Thailand, accounting for a X% share of total imports. Moreover, orange juice (single strength) imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of orange juice (single strength) to Thailand, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average orange juice (single strength) import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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