Thailand: Vegetable Market 2020

Vegetable Market Size in Thailand

The revenue of the vegetable market in Thailand amounted to $X in 2017, coming up by X% against the previous year. In general, the total market indicated a remarkable growth from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the vegetable consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2016, when market value increased by X% against the previous year. Thailand vegetable consumption peaked in 2017, and is expected to retain its growth in the near future.

Vegetable Production in Thailand

Vegetable production in Thailand stood at X tons in 2017, approximately mirroring the previous year. Overall, vegetable production continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2016, when it surged by X% against the previous year. Over the period under review, the vegetable production attained its peak figure volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum. Vegetable output in Thailand indicated a pronounced deduction, which was largely conditioned by a pronounced shrinkage of the harvested area and a relatively flat trend pattern in yield figures.

In 2017, average vegetable yield in Thailand totaled X ton per ha, leveling off at the previous year. In general, vegetable yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015, when it surged by X% year-to-year. Thailand vegetable yield peaked of X ton per ha in 2012; however, from 2013 to 2017, it failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, the total area harvested in terms of vegetables production in Thailand totaled X ha, therefore, remained relatively stable against the previous year. In general, vegetable harvested area continues to indicate a perceptible drop. The pace of growth appeared the most rapid in 2016, with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to vegetable production reached its peak figure of X ha in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Vegetable Exports from Thailand

In 2017, approx. X tons of vegetables were exported from Thailand; approximately mirroring the previous year. In general, vegetable exports continue to indicate a drastic decline. The pace of growth was the most pronounced in 2011, when it surged by X% year-to-year. Over the period under review, the vegetable exports attained its maximum volume of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, vegetable exports amounted to $X in 2017. In general, vegetable exports continue to indicate a temperate reduction. In that year, the vegetable exports reached their peak level of $X. From 2012 to 2017, growth of the vegetable exports stood at a somewhat lower level.

Vegetable Exports by Country from Thailand

In 2017, the Netherlands (X tons), Mexico (X tons), Spain (X tons) and China (X tons) were the key exporters of vegetables in the world, comprising X% of total export. France (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by the U.S. (X%). India (X tons), Germany (X tons), Belgium (X tons), Canada (X tons), Italy (X tons) and Egypt (X tons) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2017, together comprising X% of total exports. These countries were followed by China, the U.S., France, Canada, Italy, Belgium, Germany, India, Egypt and Thailand, which together accounted for a further X%.

China (+X% per year) recorded the highest rates of growth with regard to exports, among the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Vegetable Export Prices by Country in Thailand

The vegetable export price in Thailand stood at $X per ton in 2017, approximately reflecting the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2016, when the export prices increased by X% y-o-y. In that year, the export prices for vegetables reached their peak level of $X per ton, and then declined slightly in the following year.

Export prices varied noticeably by the country of destination; the country with the highest export price was Italy ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Vegetable Imports into Thailand

In 2017, vegetable imports into Thailand totaled X tons, coming up by X% against the previous year. Overall, vegetable imports continue to indicate a strong growth. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the vegetable imports attained its peak figure volume in 2017, and are likely to continue its growth in the immediate term.

In value terms, vegetable imports amounted to $X in 2017. In general, vegetable imports continue to indicate a strong expansion. Over the period under review, the vegetable imports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Vegetable Imports by Country into Thailand

In 2017, the U.S. (X tons), distantly followed by Germany (X tons), the Netherlands (X tons), Belgium (X tons), the UK (X tons) and France (X tons) were the key importers of vegetables, together mixed up X% of total imports. The following importers - Canada (X tons), Russia (X tons), the United Arab Emirates (X tons), Malaysia (X tons), Spain (X tons) and Italy (X tons) together made up X% of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2017. At the same time, the United Arab Emirates (+X%), Malaysia (+X%), the Netherlands (+X%), Belgium (+X%), Germany (+X%), Italy (+X%) and Canada (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. France, Spain, the UK and Russia experienced a relatively flat trend pattern. From 2007 to 2017, the share of Belgium, the Netherlands and the U.S. decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vegetable markets worldwide were the U.S. ($X), Germany ($X) and the UK ($X), together accounting for X% of total imports. France, Canada, the Netherlands, Russia, Belgium, Italy, Spain, the United Arab Emirates, Malaysia and Thailand lagged somewhat behind, together accounting for a further X%.

Thailand (+X% per year) recorded the highest growth rate of imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Vegetable Import Prices by Country in Thailand

The vegetable import price in Thailand stood at $X per ton in 2017, leveling off at the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015, when the import prices increased by X% year-to-year. Over the period under review, the import prices for vegetables attained its maximum level in 2017, and is expected to retain its growth in the immediate term.

Import prices varied noticeably by the country of destination; the country with the highest import price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Malaysia (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform