Thailand: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Thailand

The Thai animal or vegetable fertilisers market fell to $X in 2022, waning by X% against the previous year. Overall, the total consumption indicated a tangible 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Animal Or Vegetable Fertilisers in Thailand

In value terms, animal or vegetable fertilisers production declined to $X in 2022 estimated in export price. In general, production, however, saw a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports from Thailand

In 2022, animal or vegetable fertilisers exports from Thailand shrank to X tons, with a decrease of X% on 2021. Overall, exports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, animal or vegetable fertilisers exports contracted rapidly to $X in 2022. In general, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Cambodia ($X), Lao People's Democratic Republic ($X) and Myanmar ($X) constituted the largest markets for animal or vegetable fertilisers exported from Thailand worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average animal or vegetable fertilisers export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Myanmar ($X per ton), while the average price for exports to Cambodia ($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 Animal Or Vegetable Fertilisers

Imports into Thailand

In 2022, purchases abroad of animal or vegetable fertilisers increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a precipitous decline. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, animal or vegetable fertilisers imports skyrocketed to $X in 2022. Overall, imports, however, faced a sharp descent. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest animal or vegetable fertilisers supplier to Thailand, accounting for a X% share of total imports. Moreover, animal or vegetable fertilisers imports from Vietnam exceeded the figures recorded by the second-largest supplier, Lao People's Democratic Republic (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and the United States (X% per year).

In value terms, the largest animal or vegetable fertilisers suppliers to Thailand were the United States ($X), Vietnam ($X) and Italy ($X), together accounting for X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 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 ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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