Thailand: Rye Market 2025

Rye Market Size in Thailand

In 2022, the Thai rye market decreased by 99.9% to less than $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption faced a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Rye Production in Thailand

In value terms, rye production soared to $X in 2022 estimated in export price. Overall, production posted a significant increase. Rye production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average rye yield in Thailand stood at less than X kg per ha, remaining stable against 2021. In general, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The rye harvested area in Thailand was estimated at less than X ha in 2022, approximately equating the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Rye Exports

Exports from Thailand

In 2021, the amount of rye exported from Thailand contracted notably to X kg, which is down by -97.2% against the previous year. Over the period under review, exports continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2019 with an increase of 65,495%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, rye exports fell sharply to $X in 2021. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2019 when exports increased by 7,124% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X kg) was the main destination for rye exports from Thailand, accounting for a 88% share of total exports. Moreover, rye exports to the UK exceeded the volume sent to the second major destination, Singapore (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +78.7%.

In value terms, the UK ($X) and Singapore ($X) constituted the largest markets for rye exported from Thailand worldwide.

The UK, with a CAGR of +84.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average rye export price stood at $X per ton in 2021, rising by 89% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 379%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the UK stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Rye Imports

Imports into Thailand

In 2022, approx. X tons of rye were imported into Thailand; with a decrease of -77.7% compared with 2021. Over the period under review, imports continue to indicate a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 975%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, rye imports dropped markedly to $X in 2022. Overall, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 1,533%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Australia (X tons) was the main supplier of rye to Thailand, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Australia amounted to -21.7%.

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

From 2012 to 2022, the average annual growth rate of value from Australia amounted to -21.6%.

Import Prices by Country

The average rye import price stood at $X per ton in 2022, rising by 7.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +2.2% per year.

Source: IndexBox Platform

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