Report Update Nov 1, 2024

Thailand - Apricots - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Apricot Market 2024

Apricot Market Size in Thailand

In 2022, the Thai apricot market was finally on the rise to reach $X for the first time since 2015, thus ending a six-year declining trend. Overall, consumption continues to indicate a precipitous slump. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Apricot Production in Thailand

In value terms, apricot production totaled less than $X in 2022 estimated in export price. Over the period under review, production faced a precipitous contraction. The growth pace was the most rapid in 2016 when the production volume decreased by -48.6%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

In 2022, the average apricot yield in Thailand amounted to less than X kg per ha, leveling off at 2021 figures. Overall, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of apricots production in Thailand amounted to less than X ha, flattening at the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Apricot Exports

Exports from Thailand

In 2022, exports of apricots from Thailand amounted to X tons, flattening at the previous year. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 204,779% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, apricot exports stood at $X in 2022. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 119,480% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Myanmar (X tons) was the main destination for apricot exports from Thailand, with a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Myanmar was relatively modest.

From 2013 to 2022, the average annual growth rate of value to Myanmar was relatively modest.

Export Prices by Country

In 2022, the average apricot export price amounted to $X per ton, flattening at the previous year. Overall, the export price showed a significant curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 19%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2013 to 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +42.2% per year.

Apricot Imports

Imports into Thailand

For the eighth consecutive year, Thailand recorded decline in supplies from abroad of apricots, which decreased by -29.4% to X kg in 2022. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2014 when imports increased by 219%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, apricot imports soared to $X in 2022. In general, imports recorded a significant curtailment. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest supplier of apricot to Thailand, with a 86% share of total imports. Moreover, apricot imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -20.5%.

In value terms, Japan ($X) constituted the largest supplier of apricots to Thailand, comprising 86% of total imports. The second position in the ranking was held by the United States ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan was relatively modest.

Import Prices by Country

The average apricot import price stood at $X per ton in 2022, jumping by 486% against the previous year. Overall, the import price saw strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+45.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for apricots in the world?

The countries with the highest volumes of apricot consumption in 2021 were Turkey, Uzbekistan and Iran, with a combined 42% share of global consumption. Italy, Algeria, Russia, France, Pakistan, Afghanistan, Greece, Morocco, Ukraine and Egypt lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of apricots in the world?

The countries with the highest volumes of apricot production in 2021 were Turkey, Uzbekistan and Iran, together accounting for 44% of global production. Italy, Algeria, Spain, Afghanistan, Greece, France, Morocco, Pakistan, Egypt and Japan lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of apricots to Thailand?

In value terms, the United States constituted the largest supplier of apricot to Thailand, comprising 86% of total imports. The second position in the ranking was occupied by Malaysia, with a 14% share of total imports.

What are the leading importers of apricots from Thailand?

In value terms, Ethiopia, India and Maldives $179) were the largest markets for apricot exported from Thailand worldwide, with a combined 93% share of total exports.

What is the average export price for apricots in Thailand?

In 2021, the average apricot export price amounted to $4,250 per ton, remaining stable against the previous year.

What is the average import price for apricots in Thailand?

The average apricot import price stood at $2,471 per ton in 2021, shrinking by -2.3% against the previous year.

This report provides an in-depth analysis of the apricot 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:

FCL 526 - Apricots

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023