Thailand: Sugar Cane Market 2025

Sugar Cane Market Size in Thailand

The Thai sugar cane market reduced to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Sugar Cane Production in Thailand

In value terms, sugar cane production contracted dramatically to $X in 2022 estimated in export price. Overall, production posted a tangible expansion. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

In 2022, the average sugar cane yield in Thailand shrank to X tons per ha, waning by X% on the previous year's figure. Overall, the yield continues to indicate a abrupt decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The sugar cane yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of sugar cane were harvested in Thailand; increasing by X% against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to sugar cane production reached the maximum at X ha in 2019; however, from 2020 to 2022, the harvested area remained at a lower figure.

Sugar Cane Exports

Exports from Thailand

After four years of decline, shipments abroad of sugar cane increased by X% to X tons in 2022. Over the period under review, exports, however, faced a abrupt setback. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, sugar cane exports soared to $X in 2022. In general, exports, however, showed a abrupt slump. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for sugar cane exports from Thailand, accounting for a X% share of total exports. Moreover, sugar cane exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. The third position in this ranking was taken by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Canada (X% per year).

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for sugar cane exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lao People's Democratic Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and South Korea (X% per year).

Export Prices by Country

The average sugar cane export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a noticeable curtailment. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to South Korea ($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 Papua New Guinea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sugar Cane Imports

Imports into Thailand

In 2021, overseas purchases of sugar cane decreased by X% to X kg, falling for the fourth consecutive year after two years of growth. Over the period under review, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X,200%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, sugar cane imports shrank notably to $X in 2021. Overall, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X,100% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X kg) was the main supplier of sugar cane to Thailand, accounting for a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the Philippines was relatively modest.

In value terms, the Philippines ($X) constituted the largest supplier of sugar cane to Thailand.

From 2012 to 2021, the average annual growth rate of value from the Philippines was relatively modest.

Import Prices by Country

In 2021, the average sugar cane import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price faced a sharp curtailment. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Myanmar amounted to X% per year.

Source: IndexBox Platform

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