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Thailand - Extracts, Essences And Concentrates Of Tea Or Mate - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtracts of Tea Price in Thailand - 2023
Contents:
- Extracts of Tea Price in Thailand (FOB) - 2023
- Extracts of Tea Price in Thailand (CIF) - 2023
- Extracts of Tea Exports in Thailand
- Extracts of Tea Imports in Thailand
Extracts of Tea Price in Thailand (FOB) - 2023
The average extracts of tea export price stood at $3,701 per ton in July 2023, waning by -2.4% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 17% against the previous month. The export price peaked at $4,096 per ton in December 2022; however, from January 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was China ($6,055 per ton), while the average price for exports to Brunei Darussalam ($1,347 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Extracts of Tea Price in Thailand (CIF) - 2023
The average extracts of tea import price stood at $15,287 per ton in July 2023, with an increase of 14% against the previous month. Over the period under review, import price indicated a temperate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, extracts of tea import price increased by +34.7% against May 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 80% m-o-m. As a result, import price reached the peak level of $24,312 per ton. From May 2023 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($36,245 per ton), while the price for Singapore ($4,811 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Extracts of Tea Exports in Thailand
In 2022, approx. 11K tons of extracts, essences and concentrates of tea or mate were exported from Thailand; surging by 7.8% compared with the previous year's figure. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +14.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.5% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 20%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, extracts of tea exports dropped to $37M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year.
Export of Extracts of Tea in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 5.3 | 5.8 | 6.7 | 5.8 | 3.1% |
Cambodia | 9.1 | 7.0 | 6.6 | 5.6 | -14.9% |
Lao People's Democratic Republic | 2.1 | 3.0 | 5.4 | 5.0 | 33.5% |
Japan | N/A | 0.2 | 3.6 | 4.6 | 379.6% |
China | 1.4 | 0.6 | 3.5 | 4.0 | 41.9% |
Myanmar | 0.5 | 8.9 | 3.7 | 2.7 | 75.4% |
Taiwan (Chinese) | 1.2 | 1.1 | 1.1 | 1.5 | 7.7% |
Singapore | 1.2 | 1.4 | 1.6 | 1.5 | 7.7% |
South Korea | 0.4 | 0.5 | 0.6 | 1.0 | 35.7% |
Others | 3.4 | 3.8 | 5.5 | 5.5 | 17.4% |
Total | 24.6 | 32.3 | 38.2 | 37.3 | 14.9% |
Top Export Markets for Extracts of Tea from Thailand in 2022:
- United States (2.7K tons)
- Japan (2.0K tons)
- Cambodia (1.2K tons)
- Lao People's Democratic Republic (0.9K tons)
- Taiwan (Chinese) (0.6K tons)
- Myanmar (0.6K tons)
- China (0.6K tons)
- South Korea (0.6K tons)
- Singapore (0.3K tons)
Extracts of Tea Imports in Thailand
In 2022, extracts of tea imports into Thailand dropped to 1.3K tons, which is down by -14% compared with the previous year's figure. Overall, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year.
In value terms, extracts of tea imports reduced markedly to $21M in 2022. The total import value increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of $25M, and then dropped sharply in the following year.
Import of Extracts of Tea in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.4 | 5.4 | 7.4 | 6.3 | 12.7% |
United States | 6.7 | 6.5 | 6.8 | 4.8 | -10.5% |
Japan | 1.9 | 1.9 | 2.1 | 2.7 | 12.4% |
India | 1.6 | 1.8 | 1.5 | 2.0 | 7.7% |
Singapore | 1.4 | 1.2 | 1.3 | 1.7 | 6.7% |
Ireland | 1.5 | 1.1 | 1.2 | 1.2 | -7.2% |
Indonesia | N/A | 0.1 | 0.9 | 1.0 | 216.2% |
Malaysia | 0.2 | 0.4 | 0.3 | 0.5 | 35.7% |
Germany | 2.2 | 1.6 | 1.4 | 0.2 | -55.0% |
Others | 0.7 | 0.7 | 2.3 | 0.9 | 8.7% |
Total | 20.7 | 20.6 | 25.3 | 21.4 | 1.1% |
Top Suppliers of Extracts of Tea to Thailand in 2022:
- China (567.4 tons)
- Japan (172.8 tons)
- Singapore (160.7 tons)
- India (150.5 tons)
- Indonesia (82.4 tons)
- Malaysia (59.8 tons)
- United States (47.4 tons)
- Ireland (37.3 tons)
- Germany (8.6 tons)
This report provides an in-depth analysis of the extracts of tea 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:
- Prodcom 10831400 - Extracts, essences and concentrates of tea or mate, and preparations with a basis of these extracts, essences or concentrates, or with a basis of tea or mate
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
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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
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