Thailand: Mixed Juices Market 2024

Mixed Juices Market Size in Thailand

In 2022, the Thai mixed juices market decreased by -0.7% to $X, falling for the third consecutive year after three years of growth. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Mixed Juices Production in Thailand

In value terms, mixed juices production shrank to $X in 2022 estimated in export price. In general, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 25%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Mixed Juices Exports

Exports from Thailand

For the fifth consecutive year, Thailand recorded growth in shipments abroad of mixtures of fruit and vegetable juices, which increased by 1.2% to X tons in 2022. In general, exports enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 41% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, mixed juices exports declined modestly to $X in 2022. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2019 when exports increased by 52%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Cambodia (X tons), the United States (X tons) and Myanmar (X tons) were the main destinations of mixed juices exports from Thailand, together comprising 56% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +72.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed juices exported from Thailand were the United States ($X), Cambodia ($X) and China ($X), together accounting for 56% of total exports. Lao People's Democratic Republic, Myanmar, Singapore, the Philippines, South Korea, Taiwan (Chinese), Japan, India and the United Arab Emirates lagged somewhat behind, together comprising a further 31%.

Myanmar, with a CAGR of +61.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 mixed juices export price amounted to $X per ton, reducing by -2.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 14% against the previous year. As a result, the export price reached 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 external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Cambodia ($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 the United States (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Juices Imports

Imports into Thailand

After three years of decline, purchases abroad of mixtures of fruit and vegetable juices increased by 34% to X tons in 2022. In general, imports, however, saw a pronounced slump. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, mixed juices imports surged to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Iran (X tons) and South Korea (X tons) were the main suppliers of mixed juices imports to Thailand, with a combined 46% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +78.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of mixtures of fruit and vegetable juices to Thailand, comprising 48% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by the United States, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.7% per year) and the United States (-12.4% per year).

Import Prices by Country

In 2022, the average mixed juices import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, saw a prominent increase. The growth pace was the most rapid in 2020 an increase of 65% against the previous year. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 Italy ($X per ton), while the price for the United Arab Emirates ($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 (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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