Thailand - Frozen Fruits - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSharp Decline in Thailand's Frozen Fruit Exports to $48M Recorded in November 2023
Thailand Frozen Fruit Exports
In November 2023, approximately 7.1K tons of frozen fruits were exported from Thailand; declining by -53.8% on the previous month. Overall, exports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in July 2023 with an increase of 110% m-o-m.
In value terms, frozen fruit exports dropped sharply to $48M (IndexBox estimates) in November 2023. In general, exports, however, showed a noticeable expansion. The growth pace was the most rapid in April 2023 with an increase of 121% m-o-m.
| COUNTRY | Export Value of Frozen Fruit in Thailand (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| China | 24.2 | 21.7 | 12.9 | 20.1 | 19.6 | 48.3 | 49.2 | 48.5 | 107 | 86.5 | 162 | 96.1 | 44.1 |
| United States | 1.0 | 0.9 | 0.8 | 1.3 | 1.6 | 1.5 | 1.8 | 2.0 | 1.6 | 1.5 | 2.3 | 2.4 | 1.8 |
| Japan | 0.4 | 0.4 | 0.5 | 0.4 | 1.3 | 0.8 | 1.2 | 1.5 | 1.3 | 0.9 | 0.7 | 0.8 | 0.8 |
| Others | 1.6 | 1.2 | 1.6 | 0.7 | 0.7 | 0.7 | 1.3 | 1.1 | 2.0 | 1.4 | 1.1 | 1.8 | 1.3 |
| Total | 27.1 | 24.3 | 15.8 | 22.5 | 23.2 | 51.3 | 53.5 | 53.1 | 112 | 90.2 | 167 | 101 | 48.0 |
Exports by Country
China (6.5K tons) was the main destination for frozen fruit exports from Thailand, accounting for a 91% share of total exports. Moreover, frozen fruit exports to China exceeded the volume sent to the second major destination, the United States (245 tons), more than tenfold.
From November 2022 to November 2023, the average monthly growth rate of volume to China totaled +2.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+3.5% per month) and Japan (+7.6% per month).
In value terms, China ($44M) remains the key foreign market for frozen fruit exports from Thailand, comprising 92% of total exports. The second position in the ranking was held by the United States ($1.8M), with a 3.7% share of total exports.
From November 2022 to November 2023, the average monthly rate of growth in terms of value to China totaled +5.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+5.4% per month) and Japan (+6.8% per month).
Exports by Type
Frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) (7.1K tons) was the largest type of frozen fruit exported from Thailand, with a 100% share of total exports. It was followed by frozen strawberries (14 tons), with a 0.2% share of total exports.
From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of export of frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) stood at +2.2%. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen strawberries (-1.5% per month) and frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (-20.8% per month).
In value terms, frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) ($48M) remains the largest type of frozen fruit exported from Thailand, comprising 100% of total exports. The second position in the ranking was held by frozen strawberries ($109K), with a 0.2% share of total exports.
From November 2022 to November 2023, the average monthly growth rate of the export volume of frozen fruits and nuts (excluding strawberries, raspberries, blackberries, mulberries, loganberries, black, white or red currants, and gooseberries) amounted to +4.9%. With regard to the other exported products, the following average monthly rates of growth were recorded: frozen strawberries (-1.5% per month) and frozen raspberries, blackberries, mulberries, loganberries, black-, white- or red currants and gooseberries (-24.0% per month).
Export Prices by Country
In November 2023, the frozen fruit price stood at $6,769 per ton (FOB, Thailand), growing by 2.6% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.6%. The growth pace was the most rapid in April 2023 when the average export price increased by 34% m-o-m. The export price peaked at $6,887 per ton in September 2023; however, from October 2023 to November 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In November 2023, the country with the highest price was the United States ($7,326 per ton), while the average price for exports to Japan ($5,103 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the frozen fruit 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 2030.
Product coverage:
- Prodcom 10392100 - Frozen fruit and nuts uncooked or cooked by steaming or boiling in water
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
