Thailand: Quinoa Market 2025

Quinoa Market Size in Thailand

In 2021, after three years of growth, there was significant decline in the Thai quinoa market, when its value decreased by -62.2% to $X. In general, consumption, however, posted significant growth. Quinoa consumption peaked at $X in 2020, and then dropped remarkably in the following year.

Quinoa Exports

Exports from Thailand

Quinoa exports from Thailand skyrocketed to X tons in 2021, rising by 157% against 2020 figures. In general, exports showed significant growth. The growth pace was the most rapid in 2017 when exports increased by 733%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, quinoa exports reached $X in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 929% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for quinoa exports from Thailand, with a 68% share of total exports. Moreover, quinoa exports to the Philippines exceeded the volume sent to the second major destination, Bangladesh (X kg), threefold. Vietnam (X kg) ranked third in terms of total exports with a 7.8% share.

From 2016 to 2021, the average annual rate of growth in terms of volume to the Philippines stood at +409.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (0.0% per year) and Vietnam (-0.1% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for quinoa exports from Thailand, comprising 55% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 20% share of total exports. It was followed by Bangladesh, with an 11% share.

From 2016 to 2021, the average annual rate of growth in terms of value to the Philippines amounted to +411.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+318.3% per year) and Bangladesh (0.0% per year).

Export Prices by Country

The average quinoa export price stood at $X per ton in 2021, declining by -60.6% against the previous year. Overall, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2016 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Quinoa Imports

Imports into Thailand

In 2021, after three years of growth, there was significant decline in overseas purchases of quinoa, when their volume decreased by -54% to X tons. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 1,099% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then shrank markedly in the following year.

In value terms, quinoa imports dropped dramatically to $X in 2021. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 1,552%. Over the period under review, imports hit record highs at $X in 2020, and then plummeted in the following year.

Imports by Country

In 2021, Peru (X tons) constituted the largest quinoa supplier to Thailand, with a 87% share of total imports. Moreover, quinoa imports from Peru exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), more than tenfold. Canada (X tons) ranked third in terms of total imports with a 2.8% share.

From 2013 to 2021, the average annual rate of growth in terms of volume from Peru amounted to +77.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (+2.1% per year) and Canada (+223.4% per year).

In value terms, Peru ($X) constituted the largest supplier of quinoa to Thailand, comprising 81% of total imports. The second position in the ranking was taken by Bolivia ($X), with a 4.6% share of total imports. It was followed by Canada, with a 3.9% share.

From 2013 to 2021, the average annual rate of growth in terms of value from Peru amounted to +45.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (-10.7% per year) and Canada (+159.4% per year).

Import Prices by Country

In 2021, the average quinoa import price amounted to $X per ton, declining by -16.5% against the previous year. Overall, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :