Frozen Strawberries Price in Thailand - 2023
Contents:
- Frozen Strawberries Price in Thailand (CIF) - 2023
- Frozen Strawberries Price in Thailand (FOB) - 2023
- Frozen Strawberries Imports in Thailand
- Frozen Strawberries Exports in Thailand
Frozen Strawberries Price in Thailand (CIF) - 2023
The average frozen strawberries import price stood at $1,529 per ton in July 2023, declining by -2.6% against the previous month. In general, the import price recorded a mild decrease. The pace of growth appeared the most rapid in October 2022 an increase of 8.4% month-to-month. Over the period under review, average import prices hit record highs at $1,842 per ton in August 2022; however, from September 2022 to July 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From July 2022 to July 2023, the rate of growth in terms of prices for China amounted to -1.4% per month.
Frozen Strawberries Price in Thailand (FOB) - 2023
In July 2023, the average frozen strawberries export price amounted to $4,080 per ton, which is down by -25.8% against the previous month. In general, the export price showed a mild decrease. The most prominent rate of growth was recorded in February 2023 an increase of 156% m-o-m. Over the period under review, the average export prices attained the peak figure at $8,449 per ton in August 2022; however, from September 2022 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was the United States ($8,920 per ton), while the average price for exports to Japan ($1,801 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 the United States (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Strawberries Imports in Thailand
In 2022, frozen strawberries imports into Thailand rose significantly to 8.2K tons, with an increase of 12% on the year before. The total import volume increased at an average annual rate of +9.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 15% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, frozen strawberries imports skyrocketed to $14M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Frozen Strawberries in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.9 | 8.3 | 11.5 | 14.3 | 13.0% |
| Egypt | 0.6 | 0.3 | N/A | N/A | -50.0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 10.5 | 8.6 | 11.6 | 14.5 | 11.4% |
Top Suppliers of Frozen Strawberries to Thailand in 2022:
- China (8.2K tons)
Frozen Strawberries Exports in Thailand
In 2022, shipments abroad of frozen strawberrieses was finally on the rise to reach 531 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt decrease.
In value terms, frozen strawberries exports expanded rapidly to $2.8M in 2022. The total export value increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year. As a result, the exports reached the peak of $3M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Frozen Strawberries in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,800 | 2,548 | 2,049 | 2,373 | 9.6% |
| Japan | 467 | 361 | 389 | 301 | -13.6% |
| Myanmar | N/A | 48.9 | 1.5 | 62.6 | 13.1% |
| Cambodia | 20.4 | 21.0 | 22.9 | 47.4 | 32.4% |
| Lao People's Democratic Republic | N/A | 1.0 | 32.8 | 29.3 | 441.3% |
| Others | 2.2 | 10.5 | 0.6 | 24.1 | 122.1% |
| Total | 2,290 | 2,990 | 2,496 | 2,837 | 7.4% |
Top Export Markets for Frozen Strawberries from Thailand in 2022:
- United States (290.7 tons)
- Japan (168.6 tons)
- Myanmar (30.0 tons)
- Cambodia (20.8 tons)
- Lao People's Democratic Republic (18.3 tons)
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