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Thailand - Margarine And Shortening - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMargarine and Shortening Price in Thailand - 2023
Contents:
- Margarine and Shortening Price in Thailand (CIF) - 2023
- Margarine and Shortening Price in Thailand (FOB) - 2022
- Margarine and Shortening Imports in Thailand
- Margarine and Shortening Exports in Thailand
Margarine and Shortening Price in Thailand (CIF) - 2023
The average margarine and shortening import price stood at $1,777 per ton in September 2023, waning by -7% against the previous month. In general, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 17% month-to-month. The import price peaked at $2,622 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($2,369 per ton), while the price for Indonesia ($1,073 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-1.8%), while the prices for the other major suppliers experienced a decline.
Margarine and Shortening Price in Thailand (FOB) - 2022
In 2022, the average margarine and shortening export price amounted to $2,139 per ton, with an increase of 34% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($3,075 per ton), while the average price for exports to Lao People's Democratic Republic ($1,793 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 Indonesia (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.
Margarine and Shortening Imports in Thailand
In 2022, overseas purchases of margarine and shortening decreased by -7.8% to 45K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 16%.
In value terms, margarine and shortening imports surged to $110M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of Margarine and Shortening in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 24.2 | 30.7 | 44.1 | 60.8 | 35.9% |
Indonesia | 3.6 | 7.2 | 11.1 | 13.1 | 53.8% |
Singapore | 6.1 | 8.2 | 11.2 | 13.0 | 28.7% |
China | 2.5 | 2.9 | 2.8 | N/A | 5.8% |
Others | 20.9 | 23.7 | 24.8 | 23.5 | 4.0% |
Total | 57.3 | 72.7 | 94.1 | 110 | 24.3% |
Top Suppliers of Margarine and Shortening to Thailand in 2022:
- China (undefinedK tons)
- Malaysia (29.4K tons)
- Indonesia (9.2K tons)
- Singapore (4.8K tons)
Margarine and Shortening Exports in Thailand
In 2022, the amount of margarine and shortening exported from Thailand expanded sharply to 4.1K tons, increasing by 5% compared with 2021. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by 5.8% against the previous year. As a result, the exports attained the peak of 5.6K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, margarine and shortening exports soared to $8.8M in 2022. The total export value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Margarine and Shortening in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Myanmar | 399 | 3,882 | 2,335 | 2,304 | 79.4% |
Cambodia | 2,635 | 1,764 | 1,110 | 1,462 | -17.8% |
Lao People's Democratic Republic | 812 | 640 | 748 | 1,444 | 21.2% |
Taiwan (Chinese) | 1,107 | 903 | 1,329 | 1,113 | 0.2% |
Indonesia | 14.3 | 0.6 | 22.4 | 1,099 | 325.2% |
New Zealand | 696 | 380 | 135 | 346 | -20.8% |
Philippines | 216 | 80.4 | 97.0 | 284 | 9.6% |
Singapore | 327 | 70.5 | 81.0 | 251 | -8.4% |
Japan | 512 | 167 | 103 | 0.1 | -94.2% |
Others | 719 | 210 | 323 | 516 | -10.5% |
Total | 7,437 | 8,097 | 6,284 | 8,820 | 5.8% |
Top Export Markets for Margarine and Shortening from Thailand in 2022:
- Japan (undefined tons)
- Myanmar (1239.7 tons)
- Lao People's Democratic Republic (805.5 tons)
- Cambodia (676.4 tons)
- Taiwan (Chinese) (511.1 tons)
- Indonesia (357.4 tons)
- New Zealand (120.2 tons)
- Philippines (99.3 tons)
- Singapore (70.6 tons)
This report provides an in-depth analysis of the margarine and shortening 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 1242 - Margarine and Shortening
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
This report provides an in-depth analysis of the margarine and shortening market in Thailand.
This report provides an in-depth analysis of the margarine spread market in Thailand.
This report provides an in-depth analysis of the global margarine and shortening market.
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
This report provides an in-depth analysis of the margarine and shortening market in Thailand.
This report provides an in-depth analysis of the margarine spread market in Thailand.
This report provides an in-depth analysis of the global margarine and shortening market.
Global Margarine Spread Market Report 2018. This report provides an in-depth analysis of the global margarine spread market.
In May 2023, the growth pace was incredibly fast as imports of Margarine And Shortening increased by 75% month-on-month. However, in September 2023, the value of these imports fell to $7.7M.
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.
In May 2023, the growth pace was incredibly fast as imports of Margarine And Shortening increased by 75% month-on-month. However, in September 2023, the value of these imports fell to $7.7M.
Explore the top import markets for margarine and shortening globally, including key statistics and market insights.
Global margarine and shortening consumption amounted to X thousand tons in 2015, remaining stable against the previous year level.
In 2015, the country with the largest volume of the margarine and shortening output was the United States (X thousand tons), accounting for X% of global production.