Thailand: Cereal Flour Market 2024

Cereal Flour Market Size in Thailand

The Thai cereal flour market amounted to $X in 2022, with an increase of X% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Cereal Flour Production in Thailand

In value terms, cereal flour production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Cereal Flour Exports

Exports from Thailand

In 2022, exports of cereal flours from Thailand declined slightly to X tons, with a decrease of X% compared with the year before. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid 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 remained at a lower figure.

In value terms, cereal flour exports fell to $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 relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons), Malaysia (X tons) and Japan (X tons) were the main destinations of cereal flour exports from Thailand, with a combined X% share of total exports. The Philippines, Hong Kong SAR, the United States, Lao People's Democratic Republic, Myanmar, Singapore, Cambodia, Taiwan (Chinese) and Australia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for cereal flour exported from Thailand were China ($X), Malaysia ($X) and Japan ($X), with a combined X% share of total exports. The United States, Hong Kong SAR, the Philippines, Myanmar, Lao People's Democratic Republic, Singapore, Cambodia, Australia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cereal flour export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the average export prices reached the peak figure 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 Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cereal Flour Imports

Imports into Thailand

Cereal flour imports into Thailand stood at X tons in 2022, remaining constant against the year before. In general, imports, however, continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cereal flour imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a slight curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of cereal flour to Thailand, with a X% share of total imports. Moreover, cereal 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 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: Singapore (X% per year) and Latvia (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of cereal flours to Thailand, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by the UK, 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 the UK (X% per year).

Import Prices by Country

In 2022, the average cereal flour import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained 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 the UK ($X per ton), while the price for Slovenia ($X per ton) was 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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