Thailand: Chili And Pepper Market 2024

Chili And Pepper Market Size in Thailand

The Thai chili and pepper market surged to $X in 2022, jumping by 98% against the previous year. Overall, consumption saw significant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Chili And Pepper Production in Thailand

In value terms, chili and pepper production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 96% against the previous year. Chili and pepper production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

In 2022, the average yield of chilies and peppers (green) in Thailand dropped slightly to X tons per ha, flattening at the previous year's figure. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the yield increased by 1.5%. The chili and pepper yield peaked at X tons per ha in 2018; however, from 2019 to 2022, the yield remained at a lower figure. 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 chilies and peppers (green) production in Thailand was estimated at X ha, approximately equating the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 1.4% against the previous year. Over the period under review, the harvested area dedicated to chili and pepper production reached the maximum at X ha in 2020; afterwards, it flattened through to 2022.

Chili And Pepper Exports

Exports from Thailand

After two years of growth, overseas shipments of chilies and peppers (green) decreased by -26.4% to X tons in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 219% against the previous year. As a result, the exports attained the peak of X tons, and then shrank notably in the following year.

In value terms, chili and pepper exports contracted sharply to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 232% against the previous year. As a result, the exports attained the peak of $X, and then contracted sharply in the following year.

Exports by Country

Malaysia (X tons) was the main destination for chili and pepper exports from Thailand, with a 73% share of total exports. Moreover, chili and pepper exports to Malaysia exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was held by Lao People's Democratic Republic (X tons), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+94.1% per year) and Lao People's Democratic Republic (+93.4% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for chilies and peppers (green) exports from Thailand, comprising 67% of total exports. The second position in the ranking was taken by China ($X), with a 21% share of total exports. It was followed by Lao People's Democratic Republic, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to Malaysia stood at +32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+102.0% per year) and Lao People's Democratic Republic (+79.4% per year).

Export Prices by Country

The average chili and pepper export price stood at $X per ton in 2022, declining by -4.5% against the previous year. In general, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by 41% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Netherlands ($X per ton) and China ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Thailand

In 2022, imports of chilies and peppers (green) into Thailand expanded significantly to X tons, rising by 6.3% against 2021 figures. In general, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 387%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, chili and pepper imports amounted to $X in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 259%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Myanmar (X tons), China (X tons) and Cambodia (X tons) were the main suppliers of chili and pepper imports to Thailand, with a combined 99% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of +171.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Myanmar ($X) and Cambodia ($X) constituted the largest chili and pepper suppliers to Thailand, with a combined 99% share of total imports.

Cambodia, with a CAGR of +152.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2022, approximately equating the previous year. Overall, the import price, however, enjoyed a moderate expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 114%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 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 China ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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