Thailand - Bananas - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBanana Price in Thailand - 2023
Contents:
- Banana Price in Thailand (FOB) - 2022
- Banana Price in Thailand (CIF) - 2023
- Banana Exports in Thailand
- Banana Imports in Thailand
Banana Price in Thailand (FOB) - 2022
The average banana export price stood at $1,131 per ton in 2022, rising by 3.6% against the previous year. In general, the export price saw resilient growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 33%. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($11,315 per ton), while the average price for exports to Malaysia ($561 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 Vietnam (+36.9%), while the prices for the other major destinations experienced more modest paces of growth.
Banana Price in Thailand (CIF) - 2023
The average banana import price stood at $284 per ton in November 2023, approximately mirroring the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in May 2023 an increase of 9.5% against the previous month. The import price peaked in November 2023.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was Myanmar ($350 per ton), while the price for Lao People's Democratic Republic amounted to $273 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Myanmar (+5.6%).
Banana Exports in Thailand
In 2022, the amount of bananas exported from Thailand contracted sharply to 10K tons, dropping by -36.2% against the year before. In general, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 1.8% against the previous year.
In value terms, banana exports fell significantly to $12M in 2022. Over the period under review, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 9.4% against the previous year.
Export of Banana in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 16.7 | 9.9 | 9.8 | 4.8 | -34.0% |
United States | 3.7 | 2.3 | 2.4 | 2.6 | -11.1% |
Japan | 2.2 | 2.4 | 3.1 | 2.5 | 4.4% |
Malaysia | 0.1 | 0.2 | N/A | 0.2 | 26.0% |
Others | 2.0 | 1.3 | 2.1 | 1.4 | -11.2% |
Total | 24.7 | 15.9 | 17.4 | 11.5 | -22.5% |
Top Export Markets for Banana from Thailand in 2022:
- China (6.6K tons)
- Japan (2.5K tons)
- Malaysia (0.3K tons)
- United States (0.2K tons)
Banana Imports in Thailand
In 2022, supplies from abroad of bananas decreased by -29.7% to 24K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 235%. As a result, imports reached the peak of 57K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, banana imports reduced markedly to $5.2M in 2022. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 235%. As a result, imports reached the peak of $13M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Banana in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lao People's Democratic Republic | 3.7 | 12.5 | 7.1 | 4.7 | 8.3% |
Myanmar | N/A | 0.2 | 0.3 | 0.4 | 41.4% |
Others | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
Total | 3.8 | 12.8 | 7.6 | 5.2 | 11.0% |
Top Suppliers of Banana to Thailand in 2022:
- Lao People's Democratic Republic (21.2K tons)
- Myanmar (2.4K tons)
This report provides an in-depth analysis of the banana 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 486 - Bananas
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the banana market in Thailand.
This report provides an in-depth analysis of the banana and plantain market in Thailand.
This report provides an in-depth analysis of the plantain market in Thailand.
This report provides an in-depth analysis of the global banana market.
This report provides an in-depth analysis of the global banana and plantain market.
This report provides an in-depth analysis of the global plantain market.
This report provides an in-depth analysis of the banana market in Thailand.
This report provides an in-depth analysis of the banana and plantain market in Thailand.
This report provides an in-depth analysis of the plantain market in Thailand.
This report provides an in-depth analysis of the global banana market.
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The global banana market revenue amounted to $X in 2017, flattening at the previous year. Overall, the total market indi...
The global banana consumption stood at $X in 2016, which was X% more than the year before. This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be incl
Global banana consumption amounted to X thousand tons in 2015, going up by +X% against the previous year level.
Global banana exports amounted to X thousand tons in 2015, reducing by -X% against the previous year level.
Global banana imports amounted to X thousand tons in 2015, approximately equating the previous year level.