Thailand: Non-Wheat Groats Market 2024

Non-Wheat Groats Market Size in Thailand

The Thai non-wheat groats market reduced to $X in 2021, which is down by -7.8% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Non-wheat groats consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Non-Wheat Groats Production in Thailand

In value terms, non-wheat groats production reduced to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 26%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Non-Wheat Groats Exports

Exports from Thailand

In 2021, approx. X tons of groats and meal of cereals (excluding wheat) were exported from Thailand; growing by 310% against the previous year. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-wheat groats exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for non-wheat groats exports from Thailand, with a 60% share of total exports. Moreover, non-wheat groats exports to Malaysia exceeded the volume sent to the second major destination, the United States (X tons), fourfold. The third position in this ranking was held by Lao People's Democratic Republic (X tons), with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled +120.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+183.2% per year) and Lao People's Democratic Republic (+8.1% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for groats and meal of cereals (excluding wheat) exports from Thailand, comprising 51% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a 17% share of total exports. It was followed by the United States, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at +126.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+21.6% per year) and the United States (+123.2% per year).

Export Prices by Country

In 2021, the average non-wheat groats export price amounted to $X per ton, which is down by -14.9% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 80%. The export price peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Japan ($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 India (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Groats Imports

Imports into Thailand

In 2021, supplies from abroad of groats and meal of cereals (excluding wheat) increased by 21% to X tons, rising for the sixth consecutive year after two years of decline. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,874%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, non-wheat groats imports surged to $X in 2021. Overall, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 1,648%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Myanmar (X tons) was the main supplier of non-wheat groats to Thailand, with a 96% share of total imports. It was followed by India (X tons), with a 2.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Myanmar totaled +25.5%.

In value terms, Myanmar ($X) constituted the largest supplier of groats and meal of cereals (excluding wheat) to Thailand, comprising 94% of total imports. The second position in the ranking was held by India ($X), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Myanmar stood at +28.7%.

Import Prices by Country

The average non-wheat groats import price stood at $X per ton in 2021, surging by 3.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 162% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Myanmar ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+2.6%).

Source: IndexBox Platform

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