Price for Cereals; Barley, Other than Seed in Thailand - 2024
Contents:
- Price for Cereals; Barley, Other than Seed in Thailand (CIF) - 2024
- Price for Cereals; Barley, Other than Seed in Thailand (FOB) - 2022
- Imports of Cereals; Barley, Other than Seed in Thailand
- Exports of Cereals; Barley, Other than Seed in Thailand
Price for Cereals; Barley, Other than Seed in Thailand (CIF) - 2024
In September 2023, the average import price for cereals; barley, other than seeds amounted to $346 per ton, growing by 24% against the previous month. Over the last four months, it increased at an average monthly rate of +3.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($828 per ton), while the price for Australia totaled $321 per ton.
From May 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+1.7%).
Price for Cereals; Barley, Other than Seed in Thailand (FOB) - 2022
In 2022, the average export price for cereals; barley, other than seeds amounted to $2,083 per ton, increasing by 8.4% against the previous year. In general, the export price showed a modest increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 569%. Over the period under review, the average export prices reached the maximum at $4,385 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($2,085 per ton), while the average price for exports to Maldives amounted to $2,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cereals; Barley, Other than Seed in Thailand
For the third consecutive year, Thailand recorded decline in overseas purchases of cereals; barley, other than seeds, which decreased by -88.3% to 88K tons in 2022. Overall, imports showed a precipitous contraction. The smallest decline of -4.2% was in 2020.
In value terms, cereals; barley, other than seed imports fell notably to $29M in 2022. Over the period under review, imports saw a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 3.5%.
| Import of Cereals; Barley, Other than Seed in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 92.0 | 173 | 180 | 28.5 | -32.3% |
| Others | 92.1 | 0.2 | N/A | 0.1 | -89.7% |
| Total | 184 | 173 | 180 | 28.6 | -46.2% |
Top Suppliers of Cereals; Barley, Other than Seed to Thailand in 2022:
- Australia (88.4K tons)
Exports of Cereals; Barley, Other than Seed in Thailand
For the third consecutive year, Thailand recorded decline in shipments abroad of cereals; barley, other than seeds, which decreased by -91.1% to 205 kg in 2022. Over the period under review, exports faced a precipitous descent. The smallest decline of -15.2% was in 2020.
In value terms, cereals; barley, other than seed exports shrank markedly to $427 in 2022. Overall, exports showed a significant contraction. The growth pace was the most rapid in 2020 when exports increased by 467% against the previous year. As a result, the exports attained the peak of $41K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Cereals; Barley, Other than Seed in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 0.4 | 0% |
| Nigeria | 0.7 | N/A | N/A | N/A | 0% |
| United States | 0.7 | 38.9 | N/A | N/A | 5457.1% |
| Brunei Darussalam | 0.6 | 1.7 | N/A | N/A | 183.3% |
| Lao People's Democratic Republic | 0.1 | N/A | N/A | N/A | 0% |
| Maldives | N/A | N/A | 4.4 | N/A | 0% |
| Bahrain | 0.3 | N/A | N/A | N/A | 0% |
| Others | 4.7 | N/A | N/A | N/A | 0% |
| Total | 7.2 | 40.6 | 4.4 | 0.4 | -61.8% |
Top Export Markets for Cereals; Barley, Other than Seed from Thailand in 2022:
- United Arab Emirates (199.0 kg)
- Maldives (6.0 kg)
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