Thailand: Papaya Market 2024

Papaya Market Size in Thailand

The Thai papaya market expanded slightly to $X in 2022, increasing by 1.6% against the previous year. In general, consumption, however, continues to indicate a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Papaya Production in Thailand

In value terms, papaya production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of 180%. Papaya production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of papayas in Thailand stood at X tons per ha in 2022, leveling off at 2021 figures. The yield figure increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 28% against the previous year. Over the period under review, the average papaya yield hit record highs at X tons per ha in 2017; however, from 2018 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.

In 2022, the papaya harvested area in Thailand reduced modestly to X ha, approximately mirroring the year before. Overall, the harvested area saw a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the harvested area increased by 2.4%. Over the period under review, the harvested area dedicated to papaya production reached the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Papaya Exports

Exports from Thailand

Papaya exports from Thailand skyrocketed to X tons in 2022, increasing by 20% against 2021 figures. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 343% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, papaya exports skyrocketed to $X in 2022. In general, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 379%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons), Singapore (X tons) and Myanmar (X tons) were the main destinations of papaya exports from Thailand, with a combined 44% share of total exports. Malaysia, Lao People's Democratic Republic, Russia, the UK, Cambodia, Qatar, the Czech Republic, Norway, Bangladesh and Hong Kong SAR lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +224.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for papayas exports from Thailand, comprising 41% of total exports. The second position in the ranking was held by Russia ($X), with a 14% share of total exports. It was followed by Qatar, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+110.9% per year) and Qatar (+52.9% per year).

Export Prices by Country

In 2022, the average papaya export price amounted to $X per ton, surging by 28% against the previous year. Over the period under review, the export price saw noticeable growth. The pace of growth appeared the most rapid in 2018 an increase of 150% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Hong Kong SAR (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Papaya Imports

Imports into Thailand

In 2022, supplies from abroad of papayas decreased by 0% to X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports recorded a dramatic contraction. The pace of growth was the most pronounced in 2014 when imports increased by 7,734%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, papaya imports amounted to $X in 2022. In general, imports saw a sharp downturn. The pace of growth was the most pronounced in 2014 with an increase of 8,303%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Philippines (X kg) was the main supplier of papaya to Thailand, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines stood at +20.0%.

In value terms, the Philippines ($X) constituted the largest supplier of papayas to Thailand.

From 2012 to 2022, the average annual growth rate of value from the Philippines amounted to +6.4%.

Import Prices by Country

In 2022, the average papaya import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price saw a significant expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 9.1% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the Philippines.

From 2012 to 2022, the rate of growth in terms of prices for Lao People's Democratic Republic amounted to +8.4% per year.

Source: IndexBox Platform

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