Report Update Jan 1, 2025

Thailand - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Sweet Potato Market 2025

Sweet Potato Market Size in Thailand

The Thai sweet potato market surged to $X in 2021, rising by 53% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sweet Potato Exports

Exports from Thailand

Sweet potato exports from Thailand fell dramatically to X tons in 2021, reducing by -29.4% against 2020 figures. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 4,058% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020, and then reduced dramatically in the following year.

In value terms, sweet potato exports shrank rapidly to $X in 2021. Overall, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,917%. The exports peaked at $X in 2020, and then contracted remarkably in the following year.

Exports by Country

Lao People's Democratic Republic (X tons), Malaysia (X tons) and the Netherlands (X tons) were the main destinations of sweet potato exports from Thailand, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +282.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Lao People's Democratic Republic ($X) and the Netherlands ($X) appeared to be the largest markets for sweet potato exported from Thailand worldwide, with a combined 96% share of total exports.

In terms of the main countries of destination, Lao People's Democratic Republic, with a CAGR of +280.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sweet potato export price amounted to $X per ton, surging by 3.4% against the previous year. Overall, the export price, however, faced a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 260%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 China (+288.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sweet Potato Imports

Imports into Thailand

In 2021, sweet potato imports into Thailand skyrocketed to X tons, picking up by 57% against the previous year. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, sweet potato imports soared to $X in 2021. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 51%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Lao People's Democratic Republic (X tons), Vietnam (X tons) and Japan (X tons) were the main suppliers of sweet potato imports to Thailand, together accounting for 97% of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +80.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constituted the largest supplier of sweet potatoes to Thailand, comprising 49% of total imports. The second position in the ranking was held by Japan ($X), with a 24% share of total imports. It was followed by Lao People's Democratic Republic, with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam totaled +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+60.8% per year) and Lao People's Democratic Republic (+0.3% per year).

Import Prices by Country

In 2021, the average sweet potato import price amounted to $X per ton, with a decrease of -7.5% against the previous year. Overall, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 40%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then dropped in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sweet potatoes in the world?

China remains the largest sweet potato consuming country worldwide, comprising approx. 55% of total volume. Moreover, sweet potato consumption in China exceeded the figures recorded by the second-largest consumer, Malawi, eightfold. The third position in this ranking was occupied by Tanzania, with a 4.6% share.

What are the largest producers of sweet potatoes in the world?

The country with the largest volume of sweet potato production was China, accounting for 56% of total volume. Moreover, sweet potato production in China exceeded the figures recorded by the second-largest producer, Malawi, eightfold. The third position in this ranking was occupied by Tanzania, with a 4.6% share.

What are the leading suppliers of sweet potatoes to Thailand?

In value terms, Vietnam constituted the largest supplier of sweet potato to Thailand, comprising 49% of total imports. The second position in the ranking was occupied by Japan, with a 24% share of total imports.

What are the leading importers of sweet potatoes from Thailand?

In value terms, the largest markets for sweet potato exported from Thailand were Malaysia, Lao People's Democratic Republic and the Netherlands, together accounting for 96% of total exports.

What is the average export price for sweet potatoes in Thailand?

In 2021, the average sweet potato export price amounted to $462 per ton, picking up by 11% against the previous year.

What is the average import price for sweet potatoes in Thailand?

In 2021, the average sweet potato import price amounted to $1,010 per ton, reducing by -7.5% against the previous year.

This report provides an in-depth analysis of the sweet potato market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 122 - Sweet potatoes

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024