Thailand: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Thailand

The Thai mixes and doughs market declined modestly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Mixes and doughs consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Mixes And Doughs Production in Thailand

In value terms, mixes and doughs production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Mixes And Doughs Exports

Exports from Thailand

In 2022, overseas shipments of mixes and doughs decreased by -11.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 21%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, mixes and doughs exports fell remarkably to $X in 2022. Overall, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for mixes and doughs exports from Thailand, with a 58% share of total exports. Moreover, mixes and doughs exports to Japan exceeded the volume sent to the second major destination, Malaysia (X tons), sixfold. Indonesia (X tons) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Japan totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-1.1% per year) and Indonesia (+10.3% per year).

In value terms, Japan ($X) remains the key foreign market for mixes and doughs exports from Thailand, comprising 41% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by Indonesia, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to Japan stood at -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-1.8% per year) and Indonesia (+11.6% per year).

Export Prices by Country

In 2022, the average mixes and doughs export price amounted to $X per ton, falling by -8.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 23%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Japan ($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 South Korea (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into Thailand

After two years of decline, overseas purchases of mixes and doughs increased by 20% to X tons in 2022. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, mixes and doughs imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Singapore (X tons) and Malaysia (X tons) were the main suppliers of mixes and doughs imports to Thailand, with a combined 67% share of total imports. New Zealand, the United States, Germany, France, Japan, Australia, Vietnam, Canada and Indonesia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +22.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of mixes and doughs to Thailand, comprising 42% of total imports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total imports. It was followed by the United States, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+14.3% per year) and the United States (-4.7% per year).

Import Prices by Country

In 2022, the average mixes and doughs import price amounted to $X per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, 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 Indonesia ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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