Thailand: Pesticide Market 2024

Pesticide Market Size in Thailand

For the third consecutive year, the Thai pesticide market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pesticide consumption peaked in 2022 and is likely to continue growth in the near future.

Pesticide Production in Thailand

In value terms, pesticide production rose modestly to $X in 2022 estimated in export price. Overall, production saw a mild increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pesticide Exports

Exports from Thailand

In 2022, overseas shipments of pesticides decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, pesticide exports shrank to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), India (X tons) and Vietnam (X tons) were the main destinations of pesticide exports from Thailand, with a combined X% share 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 India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and India ($X) constituted the largest markets for pesticide exported from Thailand worldwide, with a combined X% share of total exports. Malaysia, the Philippines, Indonesia, Japan, Myanmar, Cambodia, Lao People's Democratic Republic, Bangladesh, Taiwan (Chinese) and Saudi Arabia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pesticide export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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

Pesticide Imports

Imports into Thailand

After two years of growth, overseas purchases of pesticides decreased by X% to X tons in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, pesticide imports rose markedly to $X in 2022. Over the period under review, total imports indicated a measured increase 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest pesticide supplier to Thailand, accounting for a X% share of total imports. Moreover, pesticide imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sevenfold. Indonesia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

In value terms, China ($X) constituted the largest supplier of pesticides to Thailand, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average pesticide import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price 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, pesticide import price increased by X% against 2019 indices. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform

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