Thailand: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Thailand

The Thai orange juice (single strength) market expanded rapidly to $X in 2021, increasing by 11% against the previous year. Overall, consumption, however, showed a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Orange Juice (Single Strength) in Thailand

In value terms, orange juice (single strength) production reached $X in 2021 estimated in export price. In general, production saw a perceptible slump. The most prominent rate of growth was recorded in 2019 with an increase of 37% against the previous year. Orange juice (single strength) production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Orange Juice (Single Strength)

Exports from Thailand

In 2021, the amount of orange juice (single strength) exported from Thailand fell modestly to X tons, waning by -2.1% against the previous year's figure. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2015 when exports increased by 435% against the previous year. The exports peaked at X tons in 2020, and then reduced slightly in the following year.

In value terms, orange juice (single strength) exports totaled $X in 2021. In general, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 434%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for orange juice (single strength) exports from Thailand, accounting for a 54% share of total exports. Moreover, orange juice (single strength) exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. China (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2021, the average annual growth rate of volume to Lao People's Democratic Republic amounted to +41.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+71.4% per year) and China (+164.4% per year).

In value terms, the largest markets for orange juice (single strength) exported from Thailand were Lao People's Democratic Republic ($X), South Korea ($X) and China ($X), with a combined 70% share of total exports. These countries were followed by Myanmar, the Philippines, Cambodia and Japan, which together accounted for a further 23%.

Among the main countries of destination, Cambodia, with a CAGR of +232.4%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average orange juice (single strength) export price amounted to $X per ton, surging by 11% against the previous year. In general, the export price, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 36% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 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, the country with the highest price was China ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Thailand

In 2021, purchases abroad of orange juice (single strength) decreased by -33% to X tons, falling for the fourth year in a row after two years of growth. In general, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 272%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, orange juice (single strength) imports reduced notably to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 213%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest orange juice (single strength) supplier to Thailand, with a 77% share of total imports. Moreover, orange juice (single strength) imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at +79.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-6.8% per year) and Germany (-4.2% per year).

In value terms, the United States ($X) constituted the largest supplier of orange juice (single strength) to Thailand, comprising 80% of total imports. The second position in the ranking was taken by Australia ($X), with a 15% share of total imports. It was followed by Germany, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +31.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-15.2% per year) and Germany (-0.2% per year).

Import Prices by Country

The average orange juice (single strength) import price stood at $X per ton in 2021, surging by 6.2% against the previous year. In general, the import price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average import price increased by 40% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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