Thailand: Waffle And Wafer Market 2024

Waffle And Wafer Market Size in Thailand

The Thai waffle and wafer market dropped slightly to $X in 2022, reducing by X% against the previous year. Overall, consumption, however, continues to indicate a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Waffle And Wafer Production in Thailand

In value terms, waffle and wafer production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a prominent increase. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Waffle And Wafer Exports

Exports from Thailand

In 2022, overseas shipments of waffles and wafers increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, waffle and wafer exports expanded remarkably to $X in 2022. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for waffle and wafer exports from Thailand, with a X% share of total exports. Moreover, waffle and wafer exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Myanmar (X tons), twofold. Vietnam (X tons) ranked third in terms of total exports 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: Myanmar (X% per year) and Vietnam (X% per year).

In value terms, the largest markets for waffle and wafer exported from Thailand were Lao People's Democratic Republic ($X), Myanmar ($X) and Vietnam ($X), together accounting for X% 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

In 2022, the average waffle and wafer export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia ($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 China (X%), while the prices for the other major destinations experienced a decline.

Waffle And Wafer Imports

Imports into Thailand

In 2022, approx. X tons of waffles and wafers were imported into Thailand; growing by X% against the previous year. In general, imports saw strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, waffle and wafer imports skyrocketed to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Indonesia (X tons) constituted the largest waffle and wafer supplier to Thailand, accounting for a X% share of total imports. Moreover, waffle and wafer imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Malaysia (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 Indonesia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Malaysia (X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of waffles and wafers to Thailand, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average waffle and wafer import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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