Thailand: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Thailand

The Thai wheat and meslin flour market expanded to $X in 2022, increasing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Wheat and meslin flour consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in Thailand

In value terms, wheat and meslin flour production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Wheat and meslin flour production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Exports of Wheat and Meslin Flour

Exports from Thailand

In 2022, shipments abroad of wheat and meslin flour increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, wheat and meslin flour exports totaled $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Lao People's Democratic Republic (X tons), Myanmar (X tons) and Cambodia (X tons) were the main destinations of wheat and meslin flour exports from Thailand, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat and meslin flour exported from Thailand were Lao People's Democratic Republic ($X), Cambodia ($X) and Myanmar ($X), together accounting for X% of total exports.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to 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 wheat and meslin flour export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the 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 the United States ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into Thailand

In 2022, the amount of wheat and meslin flour imported into Thailand shrank to X tons, declining by X% against the year before. In general, imports recorded a pronounced setback. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wheat and meslin flour imports surged to $X in 2022. Over the period under review, imports continue to indicate a noticeable decline. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest wheat and meslin flour supplier to Thailand, with a X% share of total imports. Moreover, wheat and meslin flour imports from Vietnam exceeded the figures recorded by the second-largest supplier, Singapore (X tons), sevenfold. Latvia (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 Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Latvia (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of wheat and meslin flour to Thailand, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Latvia (X% per year).

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Singapore ($X per ton) and Japan ($X per ton), while the price for Slovenia ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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