Thailand - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMaize (Green) Price in Thailand - 2024
Contents:
- Maize (Green) Price in Thailand (FOB) - 2024
- Maize (Green) Price in Thailand (CIF) - 2024
- Maize (Green) Exports in Thailand
- Maize (Green) Imports in Thailand
Maize (Green) Price in Thailand (FOB) - 2024
The average maize (green) export price stood at $1,390 per ton in March 2024, surging by 6.2% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average export price increased by 8.9% against the previous month. As a result, the export price reached the peak level of $1,552 per ton. From May 2023 to March 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($6,444 per ton), while the average price for exports to Malaysia ($451 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Maize (Green) Price in Thailand (CIF) - 2024
In March 2024, the average maize (green) import price amounted to $627 per ton, standing approximately at the previous month. Overall, the import price, however, recorded a noticeable setback. The growth pace was the most rapid in September 2023 an increase of 21% against the previous month. The import price peaked at $969 per ton in March 2023; however, from April 2023 to March 2024, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From March 2023 to March 2024, the rate of growth in terms of prices for Myanmar amounted to 0.0% per month.
Maize (Green) Exports in Thailand
In 2022, after three years of growth, there was significant decline in shipments abroad of maize (green), when their volume decreased by -5.4% to 50K tons. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 12%.
In value terms, maize (green) exports contracted to $74M in 2022. Over the period under review, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 9.2%.
| Export of Maize (Green) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.5 | 9.6 | 10.7 | 10.9 | -9.1% |
| Taiwan (Chinese) | 14.1 | 9.1 | 10.4 | 10.2 | -10.2% |
| Malaysia | 3.1 | 5.1 | 7.4 | 6.2 | 26.0% |
| Switzerland | 6.8 | 6.1 | 7.2 | 5.9 | -4.6% |
| United Kingdom | 8.8 | 4.5 | 4.7 | 4.8 | -18.3% |
| United Arab Emirates | 1.3 | 8.9 | 6.5 | 4.4 | 50.1% |
| Singapore | 3.6 | 5.5 | 5.4 | 4.2 | 5.3% |
| Hong Kong SAR | 3.8 | 3.5 | 4.0 | 3.9 | 0.9% |
| Czech Republic | 1.4 | 1.4 | 2.9 | 2.9 | 27.5% |
| Netherlands | 5.1 | 3.9 | 3.5 | 2.4 | -22.2% |
| Germany | 4.7 | 3.1 | 3.1 | 2.4 | -20.1% |
| France | 2.7 | 1.6 | 1.9 | 1.9 | -11.1% |
| Others | 25.6 | 16.0 | 17.5 | 14.2 | -17.8% |
| Total | 95.4 | 78.2 | 85.3 | 74.2 | -8.0% |
Top Export Markets for Maize (Green) from Thailand in 2022:
- Malaysia (19.6K tons)
- Taiwan (Chinese) (7.4K tons)
- Singapore (7.1K tons)
- Hong Kong SAR (2.4K tons)
- Japan (2.1K tons)
- United Kingdom (1.3K tons)
- Switzerland (1.1K tons)
- Czech Republic (1.0K tons)
- France (0.9K tons)
- United Arab Emirates (0.8K tons)
- Netherlands (0.6K tons)
- Germany (0.6K tons)
Maize (Green) Imports in Thailand
In 2022, approx. 7.9K tons of maize (green) were imported into Thailand; rising by 29% compared with 2021 figures. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 523% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, maize (green) imports skyrocketed to $5.1M in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Maize (Green) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | 3.0 | 2.7 | 5.0 | 60.9% |
| Others | 0.8 | 0.3 | 0.2 | 0.2 | -37.0% |
| Total | 2.0 | 3.3 | 2.9 | 5.1 | 36.6% |
Top Suppliers of Maize (Green) to Thailand in 2022:
- China (7.9K tons)
This report provides an in-depth analysis of the maize (green) 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 446 - Green Corn (Maize)
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
- 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
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