Thailand: Tomato Market 2024

Tomato Market Size in Thailand

The Thai tomato market rose slightly to $X in 2021, picking up by 4.7% against the previous year. In general, consumption showed a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Tomato Production in Thailand

In value terms, tomato production rose sharply to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2019 with an increase of 49%. Tomato production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

In 2021, the average yield of tomatoes in Thailand reduced to X tons per ha, with a decrease of -1.6% against the year before. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 7.2%. Over the period under review, the average tomato yield hit record highs at X tons per ha in 2018; however, from 2019 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The tomato harvested area in Thailand reached X ha in 2021, picking up by 2.1% against 2020 figures. The harvested area increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 29%. As a result, the harvested area attained the peak level of X ha. From 2020 to 2021, the growth of the tomato harvested area remained at a somewhat lower figure.

Tomato Exports

Exports from Thailand

In 2021, overseas shipments of tomatoes increased by 157% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2015 with an increase of 183% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, tomato exports surged to $X in 2021. In general, exports showed buoyant growth. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for tomato exports from Thailand, accounting for a 52% share of total exports. Moreover, tomato exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Singapore (X tons), twofold. Malaysia (X tons) ranked third in terms of total exports with a 22% share.

From 2012 to 2021, the average annual growth rate of volume to Lao People's Democratic Republic stood at +83.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+2.2% per year) and Malaysia (+47.8% per year).

In value terms, Lao People's Democratic Republic ($X), Singapore ($X) and Malaysia ($X) were the largest markets for tomato exported from Thailand worldwide, with a combined 97% share of total exports.

In terms of the main countries of destination, Lao People's Democratic Republic, with a CAGR of +57.7%, recorded the highest growth rate of 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 tomato export price stood at $X per ton in 2021, shrinking by -27% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 32% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Myanmar ($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 Malaysia (-0.8%), while the prices for the other major destinations experienced a decline.

Tomato Imports

Imports into Thailand

In 2021, the amount of tomatoes imported into Thailand dropped markedly to X tons, reducing by -32.7% against 2020 figures. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 258% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, tomato imports plummeted to $X in 2021. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 54%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of tomato to Thailand, accounting for a 92% share of total imports. Moreover, tomato imports from China exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -9.2%.

In value terms, China ($X) constituted the largest supplier of tomato to Thailand, comprising 76% of total imports. The second position in the ranking was held by Myanmar ($X), with a 5.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -7.4%.

Import Prices by Country

The average tomato import price stood at $X per ton in 2021, declining by -33.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 108% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Myanmar ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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