Thailand: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2025

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Thailand

The Thai market for malt extract and food preparations of flour, meal, and starches expanded significantly to $X in 2022, picking up by 7.8% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +11.8% against 2019 indices. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Thailand

In value terms, production of malt extract and food preparations of flour, meal, and starches stood at $X in 2022 estimated in export price. In general, production continues to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 319%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Thailand

After three years of growth, shipments abroad of malt extract and food preparations of flour, meal, and starches decreased by -2.9% to X tons in 2022. In general, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.4% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 32% against the previous year. The exports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, exports of malt extract and food preparations of flour, meal, and starches shrank to $X in 2022. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 18%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Thailand, accounting for a 24% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), twofold. The third position in this ranking was held by Vietnam (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+13.0% per year) and Vietnam (+4.2% per year).

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Thailand were Malaysia ($X), Vietnam ($X) and Indonesia ($X), together comprising 51% of total exports. Myanmar, Japan, Australia, the Philippines, Hong Kong SAR, Singapore, Taiwan (Chinese), China, Cambodia and the UK lagged somewhat behind, together comprising a further 31%.

The UK, with a CAGR of +55.7%, saw the highest rates of growth with regard to 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

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, approximately equating the previous year. Overall, the export price showed a perceptible decline. The growth pace was the most rapid in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices reached the maximum 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Hong Kong SAR ($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 Japan (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Thailand

In 2022, the amount of malt extract and food preparations of flour, meal, and starches imported into Thailand rose modestly to X tons, with an increase of 4.1% compared with the year before. In general, imports, however, saw a deep reduction. The growth pace was the most rapid in 2019 with an increase of 33%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches totaled $X in 2022. Over the period under review, imports, however, continue to indicate a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Singapore (X tons), Ireland (X tons) and the UK (X tons) were the main suppliers of imports of malt extract and food preparations of flour, meal, and starches to Thailand, together accounting for 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +37.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Thailand, comprising 55% of total imports. The second position in the ranking was held by Ireland ($X), with an 11% share of total imports. It was followed by New Zealand, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore amounted to +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+20.2% per year) and New Zealand (-6.9% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, dropping by -2.3% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for malt extract and food preparations of flour, meal, and starches increased by +46.1% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 56%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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