Thailand: Market for Glycosides And Vegetable Alkaloids 2025

Market Size for Glycosides And Vegetable Alkaloids in Thailand

The Thai glycosides and vegetable alkaloids market dropped to $X in 2021, declining by -6.3% against the previous year. Overall, consumption recorded a mild slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Glycosides And Vegetable Alkaloids in Thailand

In value terms, glycosides and vegetable alkaloids production declined to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 24% against the previous year. Glycosides and vegetable alkaloids production peaked at $X in 2020, and then reduced in the following year.

Exports of Glycosides And Vegetable Alkaloids

Exports from Thailand

After three years of growth, overseas shipments of glycosides and vegetable alkaloids decreased by -6% to X tons in 2021. Overall, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 732% against the previous year. The exports peaked at X tons in 2020, and then shrank in the following year.

In value terms, glycosides and vegetable alkaloids exports dropped to $X in 2021. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,609%. The exports peaked at $X in 2020, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for glycosides and vegetable alkaloids exports from Thailand, accounting for a 40% share of total exports. Moreover, glycosides and vegetable alkaloids exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +271.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+481.5% per year) and Mexico (+356.8% per year).

In value terms, the United States ($X) remains the key foreign market for glycosides and vegetable alkaloids exports from Thailand, comprising 45% of total exports. The second position in the ranking was taken by the UK ($X), with a 16% share of total exports. It was followed by Mexico, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +246.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+327.4% per year) and Mexico (+2,073.9% per year).

Export Prices by Country

In 2021, the average glycosides and vegetable alkaloids export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, posted a resilient increase. The pace of growth was the most pronounced in 2015 an increase of 105%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Japan ($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 Indonesia (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Thailand

After three years of growth, overseas purchases of glycosides and vegetable alkaloids decreased by -10.9% to X tons in 2021. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2020 when imports increased by 38% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, glycosides and vegetable alkaloids imports shrank to $X in 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +22.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glycosides and vegetable alkaloids to Thailand, with a 75% share of total imports. Moreover, glycosides and vegetable alkaloids imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.6% per year) and India (+9.9% per year).

In value terms, China ($X) constituted the largest supplier of glycosides and vegetable alkaloids to Thailand, comprising 51% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.6% per year) and Germany (+1.8% per year).

Import Prices by Country

The average glycosides and vegetable alkaloids import price stood at $X per ton in 2021, surging by 4.3% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2014 an increase of 26%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Germany ($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 (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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