Thailand: Apple Juice Market 2024

Apple Juice Market Size in Thailand

The Thai apple juice market fell to $X in 2021, which is down by -11.7% against the previous year. Overall, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Apple Juice Production in Thailand

In value terms, apple juice production fell rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 145% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Apple Juice Exports

Exports from Thailand

In 2021, exports of apple juice (single strength) from Thailand surged to X tons, growing by 69% compared with the previous year. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 722% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, apple juice exports skyrocketed to $X in 2021. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 859%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Cambodia (X tons), Myanmar (X tons) and Hong Kong SAR (X tons) were the main destinations of apple juice exports from Thailand, together comprising 77% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +131.4%), while the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X) emerged as the key foreign market for apple juice (single strength) exports from Thailand, comprising 48% of total exports. The second position in the ranking was held by Myanmar ($X), with a 23% share of total exports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Cambodia totaled +129.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+95.8% per year) and China (+96.3% per year).

Export Prices by Country

The average apple juice export price stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the export price showed moderate growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+3.3%), while the prices for the other major destinations experienced a decline.

Apple Juice Imports

Imports into Thailand

In 2021, supplies from abroad of apple juice (single strength) was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, apple juice imports expanded sharply to $X in 2021. Over the period under review, imports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 21%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), Hungary (X tons) and France (X tons) were the main suppliers of apple juice imports to Thailand, together accounting for 60% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of apple juice (single strength) to Thailand, comprising 46% of total imports. The second position in the ranking was taken by France ($X), with an 18% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+11.1% per year) and the United States (-9.7% per year).

Import Prices by Country

The average apple juice import price stood at $X per ton in 2021, surging by 3.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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