Thailand: Pork Market 2025

Pork Market Size in Thailand

The Thai pork market rose modestly to $X in 2022, growing by 1.8% against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -0.4% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Pork Production in Thailand

In value terms, pork production expanded to $X in 2022 estimated in export price. Overall, production, however, showed strong growth. The growth pace was the most rapid in 2019 with an increase of 55%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average pork yield in Thailand shrank modestly to X kg per head, flattening at the previous year. Over the period under review, the yield, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by 0.5% against the previous year. The pork yield peaked at X kg per head in 2021, and then reduced slightly in the following year.

In 2022, number of animals slaughtered for pork production in Thailand contracted slightly to X heads, approximately mirroring 2021. In general, the number of producing animals showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 1.9% against the previous year. As a result, the amount of producing animals reached the peak level of X heads. From 2014 to 2022, the growth of this number remained at a somewhat lower figure.

Pork Exports

Exports from Thailand

In 2022, shipments abroad of pork decreased by -1.8% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 271% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pork exports amounted to $X in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 364% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for pork exports from Thailand, accounting for a 70% share of total exports. Moreover, pork exports to Hong Kong SAR exceeded the volume sent to the second major destination, Myanmar (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+142.7% per year) and Lao People's Democratic Republic (-41.9% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for pork exports from Thailand, comprising 73% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+134.0% per year) and Lao People's Democratic Republic (-36.2% per year).

Export Prices by Country

The average pork export price stood at $X per ton in 2022, increasing by 11% against the previous year. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Myanmar ($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 Lao People's Democratic Republic (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pork Imports

Imports into Thailand

In 2022, approx. X tons of pork were imported into Thailand; jumping by 43% on the previous year. Over the period under review, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 302,040%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, pork imports soared to $X in 2022. Overall, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 264,844%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest pork supplier to Thailand, accounting for a 66% share of total imports. Moreover, pork imports from Spain exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Spain totaled +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-22.8% per year) and Japan (+199.8% per year).

In value terms, Japan ($X), Spain ($X) and Brazil ($X) constituted the largest pork suppliers to Thailand, together comprising 100% of total imports.

Japan, with a CAGR of +152.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average pork import price amounted to $X per ton, rising by 83% against the previous year. Over the period under review, the import price saw a strong increase. The growth pace was the most rapid in 2019 an increase of 420%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 the Netherlands ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+61.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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