Thailand: Crispbread Market 2024

Crispbread Market Size in Thailand

In 2021, the Thai crispbread market decreased by -11.6% to $X, falling for the second year in a row after three years of growth. In general, the total consumption indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -31.4% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Crispbread Production in Thailand

In value terms, crispbread production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 12%. Crispbread production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Crispbread Exports

Exports from Thailand

In 2021, overseas shipments of crispbread increased by 6.3% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 11% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, crispbread exports rose modestly to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 11%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for crispbread exports from Thailand, accounting for a 22% share of total exports. Moreover, crispbread exports to the Netherlands exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), threefold. The Philippines (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+7.0% per year) and the Philippines (+6.1% per year).

In value terms, the Netherlands ($X), the United States ($X) and Australia ($X) constituted the largest markets for crispbread exported from Thailand worldwide, together comprising 42% of total exports. Lao People's Democratic Republic, the Philippines, Japan, Malaysia, Saudi Arabia, the UK, Cote d'Ivoire, Cambodia, Singapore and Vietnam lagged somewhat behind, together comprising a further 43%.

Cote d'Ivoire, with a CAGR of +58.9%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crispbread export price stood at $X per ton in 2021, dropping by -2.4% against the previous year. Overall, the export price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2019 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Cote d'Ivoire ($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 the United States (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Thailand

In 2021, supplies from abroad of crispbread was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt contraction. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, crispbread imports skyrocketed to $X in 2021. Overall, imports, however, showed a deep downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of crispbread to Thailand, accounting for a 56% share of total imports. Moreover, crispbread imports from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Malaysia stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-15.9% per year) and Poland (-1.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of crispbread to Thailand, comprising 43% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 7.8% share of total imports. It was followed by Poland, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-15.7% per year) and Poland (-1.5% per year).

Import Prices by Country

The average crispbread import price stood at $X per ton in 2021, reducing by -1.8% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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