Report Update Nov 1, 2024

Thailand - Wheat Gluten - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Wheat Gluten Market 2024

Wheat Gluten Market Size in Thailand

The Thai wheat gluten market skyrocketed to $X in 2022, with an increase of 66% 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 recorded buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Wheat Gluten Exports

Exports from Thailand

In 2022, overseas shipments of wheat gluten increased by 347% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a abrupt setback. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, wheat gluten exports surged to $X in 2022. Overall, exports, however, showed a noticeable slump. The growth pace was the most rapid in 2016 when exports increased by 151% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) was the main destination for wheat gluten exports from Thailand, with a 85% share of total exports. Moreover, wheat gluten exports to Myanmar exceeded the volume sent to the second major destination, Singapore (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Myanmar amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+71.3% per year) and the Philippines (+124.2% per year).

In value terms, Myanmar ($X) remains the key foreign market for wheat gluten exports from Thailand, comprising 60% of total exports. The second position in the ranking was held by Singapore ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Myanmar totaled -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+82.2% per year) and the Philippines (+117.0% per year).

Export Prices by Country

In 2022, the average wheat gluten export price amounted to $X per ton, falling by -46.1% against the previous year. Overall, the export price, however, posted slight growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 204% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Myanmar ($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 Singapore (+6.3%), while the prices for the other major destinations experienced a decline.

Wheat Gluten Imports

Imports into Thailand

Wheat gluten imports into Thailand soared to X tons in 2022, growing by 37% compared with 2021 figures. In general, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheat gluten imports skyrocketed to $X in 2022. Overall, imports saw strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest wheat gluten supplier to Thailand, accounting for a 84% share of total imports. Moreover, wheat gluten imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.2% per year) and Belgium (-5.6% per year).

In value terms, China ($X) constituted the largest supplier of wheat gluten to Thailand, comprising 82% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6.1% share of total imports. It was followed by Belgium, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+10.6% per year) and Belgium (-1.1% per year).

Import Prices by Country

The average wheat gluten import price stood at $X per ton in 2022, rising by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($X per ton) and France ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheat gluten in the world?

The countries with the highest volumes of wheat gluten consumption in 2021 were the United States, Norway and France, together comprising 49% of global consumption. These countries were followed by the UK, Italy, the Netherlands, Belgium, Nigeria, Germany, Brazil, China, Japan and Turkey, which together accounted for a further 27%.

What are the largest producers of wheat gluten in the world?

The countries with the highest volumes of wheat gluten production in 2021 were France, Belgium and China, together comprising 52% of global production.

What are the leading suppliers of wheat gluten to Thailand?

In value terms, China constituted the largest supplier of wheat gluten to Thailand, comprising 57% of total imports. The second position in the ranking was occupied by Australia, with a 12% share of total imports. It was followed by Belgium, with a 12% share.

What are the leading importers of wheat gluten from Thailand?

In value terms, Myanmar, Singapore and China constituted the largest markets for wheat gluten exported from Thailand worldwide, together accounting for 96% of total exports.

What is the average export price for wheat gluten in Thailand?

The average wheat gluten export price stood at $1,459 per ton in 2021, jumping by 15% against the previous year.

What is the average import price for wheat gluten in Thailand?

The average wheat gluten import price stood at $1,544 per ton in 2021, picking up by 10% against the previous year.

This report provides an in-depth analysis of the wheat gluten 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 24 - Wheat Gluten

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023