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Thailand - Potato Chips - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPotato Chips Price in Thailand - 2023
Contents:
- Potato Chips Price in Thailand (FOB) - 2023
- Potato Chips Price in Thailand (CIF) - 2023
- Potato Chips Exports in Thailand
- Potato Chips Imports in Thailand
Potato Chips Price in Thailand (FOB) - 2023
The average potato chips export price stood at $7,783 per ton in July 2023, rising by 7.9% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in November 2022 when the average export price increased by 19% month-to-month. Over the period under review, the average export prices hit record highs at $7,992 per ton in January 2023; however, from February 2023 to July 2023, the export prices failed to regain momentum.
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 ($10,461 per ton), while the average price for exports to Hong Kong SAR ($3,635 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 (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Potato Chips Price in Thailand (CIF) - 2023
In July 2023, the average potato chips import price amounted to $5,050 per ton, jumping by 17% against the previous month. Overall, import price indicated a notable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +4.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, potato chips import price increased by +36.4% against April 2023 indices. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 122% month-to-month. As a result, import price reached the peak level of $5,539 per ton. From March 2023 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($15,099 per ton), while the price for Australia ($2,483 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 Malaysia (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Potato Chips Exports in Thailand
In 2022, the amount of potato chips exported from Thailand reduced to 3K tons, with a decrease of -7.7% against the previous year. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 87%. As a result, the exports reached the peak of 3.2K tons, and then shrank in the following year.
In value terms, potato chips exports expanded slightly to $19M in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Potato Chips in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lao People's Democratic Republic | 3.8 | 4.3 | 6.5 | 5.3 | 11.7% |
Malaysia | 1.2 | 1.5 | 2.6 | 3.2 | 38.7% |
United States | 1.7 | 1.8 | 2.1 | 2.4 | 12.2% |
Philippines | 0.1 | 0.2 | 1.8 | 1.9 | 166.8% |
Myanmar | 0.1 | 0.7 | 0.8 | 1.7 | 157.1% |
Cambodia | 0.9 | 0.5 | 1.0 | 1.4 | 15.9% |
Hong Kong SAR | 0.7 | 0.9 | 0.9 | 0.7 | 0.0% |
Singapore | 0.3 | 0.3 | 0.8 | 0.6 | 26.0% |
Others | 1.4 | 1.7 | 1.8 | 1.7 | 6.7% |
Total | 10.3 | 12.0 | 18.2 | 18.9 | 22.4% |
Top Export Markets for Potato Chips from Thailand in 2022:
- Lao People's Democratic Republic (708.8 tons)
- Malaysia (673.5 tons)
- Philippines (379.0 tons)
- United States (278.9 tons)
- Myanmar (230.8 tons)
- Cambodia (196.5 tons)
- Singapore (122.7 tons)
- Hong Kong SAR (115.3 tons)
Potato Chips Imports in Thailand
In 2022, after three years of growth, there was significant decline in overseas purchases of potato chips, when their volume decreased by -8.2% to 3.3K tons. The total import volume increased at an average annual rate of +9.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 30% against the previous year.
In value terms, potato chips imports stood at $11M in 2022. The total import value increased at an average annual rate of +10.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Potato Chips in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 2.5 | 2.6 | 3.1 | 3.1 | 7.4% |
Germany | 2.3 | 2.1 | 2.3 | 1.6 | -11.4% |
United States | 1.7 | 1.5 | 1.3 | 1.5 | -4.1% |
Vietnam | N/A | 0.6 | 1.0 | 1.5 | 58.1% |
Malaysia | 0.5 | 0.2 | 0.3 | 0.8 | 17.0% |
Australia | 0.1 | 0.1 | 0.1 | 0.8 | 100.0% |
India | N/A | 0.1 | 0.3 | 0.4 | 100.0% |
China | 0.3 | 0.3 | 0.5 | 0.3 | 0.0% |
Others | 0.9 | 0.7 | 1.1 | 1.4 | 15.9% |
Total | 8.3 | 8.1 | 10.1 | 11.3 | 10.8% |
Top Suppliers of Potato Chips to Thailand in 2022:
- Netherlands (1480.2 tons)
- Germany (736.1 tons)
- United States (437.3 tons)
- Vietnam (197.0 tons)
- Malaysia (152.7 tons)
- Australia (79.4 tons)
- India (64.0 tons)
- China (60.2 tons)
This report provides an in-depth analysis of the potato chips 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 10311430 - Potatoes prepared or preserved in the form of flour, meal or flakes (excluding frozen, crisps, by vinegar or acetic acid)
- Prodcom 10311460 - Potatoes prepared or preserved, including crisps (excluding frozen, dried, by vinegar or acetic acid, in the form of flour, m eal or flakes)
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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