Thailand: Sausage Market 2024

Sausage Market Size in Thailand

After two years of growth, the Thai sausage market decreased by -14.9% to $X in 2021. Over the period under review, consumption continues to indicate a perceptible decrease. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Sausage Production in Thailand

In value terms, sausage production contracted significantly to $X in 2021 estimated in export price. In general, production showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 25%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Sausage Exports

Exports from Thailand

In 2021, approx. X tons of sausages and similar products of meat were exported from Thailand; surging by 41% on 2020 figures. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 52% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, sausage exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tons) was the main destination for sausage exports from Thailand, accounting for a 63% share of total exports. Moreover, sausage exports to Cambodia exceeded the volume sent to the second major destination, Japan (X tons), threefold. The third position in this ranking was taken by Lao People's Democratic Republic (X tons), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Cambodia stood at +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-4.9% per year) and Lao People's Democratic Republic (+71.3% per year).

In value terms, the largest markets for sausage exported from Thailand were Cambodia ($X), Japan ($X) and Lao People's Democratic Republic ($X), with a combined 94% share of total exports.

Among the main countries of destination, Cambodia, with a CAGR of +57.4%, 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 mixed trend patterns.

Export Prices by Country

The average sausage export price stood at $X per ton in 2021, with a decrease of -13% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the maximum 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sausage Imports

Imports into Thailand

In 2021, supplies from abroad of sausages and similar products of meat decreased by -14.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 166% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, sausage imports reduced to $X in 2021. In general, imports recorded a mild descent. The pace of growth appeared the most rapid in 2013 when imports increased by 44% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of sausage imports to Thailand, with a combined 79% share of total imports. Austria, France, Malaysia and South Korea lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +39.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sausage suppliers to Thailand were Italy ($X), the United States ($X) and Spain ($X), with a combined 75% share of total imports. France, Austria, Malaysia and South Korea lagged somewhat behind, together comprising a further 24%.

Austria, with a CAGR of +42.3%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average sausage import price amounted to $X per ton, picking up by 6.2% against the previous year. In general, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2015 an increase of 577%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+5,521.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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