Thailand: Maltodextrine Market 2025

Maltodextrine Market Size in Thailand

In 2021, the Thai maltodextrine market decreased by -17% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a noticeable contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Maltodextrine Production in Thailand

In value terms, maltodextrine production reduced dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 111%. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Maltodextrine Exports

Exports from Thailand

In 2021, maltodextrine exports from Thailand reached X tons, approximately reflecting the previous year. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 434% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, maltodextrine exports totaled $X in 2021. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 217% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for maltodextrine exports from Thailand, with a 93% share of total exports. It was followed by the Philippines (X tons), with a 2.7% share of total exports. Indonesia (X tons) ranked third in terms of total exports with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +132.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+119.5% per year) and Indonesia (-7.1% per year).

In value terms, China ($X) remains the key foreign market for maltodextrine and maltodextine syrup exports from Thailand, comprising 87% of total exports. The second position in the ranking was taken by the United States ($X), with a 2.9% share of total exports. It was followed by the Philippines, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +105.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.8% per year) and the Philippines (+80.0% per year).

Export Prices by Country

In 2021, the average maltodextrine export price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($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 (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.

Maltodextrine Imports

Imports into Thailand

In 2021, the amount of maltodextrine and maltodextine syrup imported into Thailand reached X tons, with an increase of 8.3% on the previous year's figure. Overall, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 82%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, maltodextrine imports skyrocketed to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.0% against 2017 indices. The pace of growth appeared the most rapid in 2020 with an increase of 26% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of maltodextrine to Thailand, accounting for a 74% share of total imports. Moreover, maltodextrine imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by Malaysia (X tons), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+78.5% per year) and Malaysia (+20.1% per year).

In value terms, China ($X) constituted the largest supplier of maltodextrine and maltodextine syrup to Thailand, comprising 60% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by the United States, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+75.1% per year) and the United States (+3.9% per year).

Import Prices by Country

In 2021, the average maltodextrine import price amounted to $X per ton, jumping by 16% against the previous year. Over the period under review, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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