Thailand: Root And Tuber Market 2024

Root And Tuber Market Size in Thailand

The Thai root and tuber market fell to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Root And Tuber Production in Thailand

In value terms, root and tuber production declined markedly to $X in 2022 estimated in export price. Over the period under review, production, however, showed measured growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

The average yield of roots and tubers in Thailand dropped to X tons per ha in 2022, almost unchanged from 2021. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The root and tuber yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The root and tuber harvested area in Thailand dropped to X ha in 2022, almost unchanged from 2021 figures. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the harvested area increased by X%. The root and tuber harvested area peaked at X ha in 2021, and then fell modestly in the following year.

Root And Tuber Exports

Exports from Thailand

In 2022, shipments abroad of roots and tubers increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, root and tuber exports skyrocketed to $X in 2022. Overall, exports enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for root and tuber exports from Thailand, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%.

In value terms, China ($X) also remains the key foreign market for roots and tubers exports from Thailand.

From 2012 to 2022, the average annual growth rate of value to China stood at X%.

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Root And Tuber Imports

Imports into Thailand

Root and tuber imports into Thailand surged to X tons in 2022, picking up by X% on the previous year. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, root and tuber imports soared to $X in 2022. Over the period under review, imports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Cambodia (X tons) and Lao People's Democratic Republic (X tons) were the main suppliers of root and tuber imports to Thailand.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lao People's Democratic Republic (with a CAGR of X%).

In value terms, Lao People's Democratic Republic ($X) and Cambodia ($X) constituted the largest root and tuber suppliers to Thailand.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the price for Cambodia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%).

Source: IndexBox Platform

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