Price for Flour and Meal; of Potatoes in Thailand - 2023
Contents:
- Price for Flour and Meal; of Potatoes in Thailand (FOB) - 2023
- Price for Flour and Meal; of Potatoes in Thailand (CIF) - 2022
- Exports of Flour and Meal; of Potatoes in Thailand
- Imports of Flour and Meal; of Potatoes in Thailand
Price for Flour and Meal; of Potatoes in Thailand (FOB) - 2023
The average export price for flour and meal; of potatoeses stood at $1,537 per ton in June 2023, picking up by 36% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 80% against the previous month. The export price peaked at $3,518 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($2,426 per ton), while the average price for exports to Myanmar ($649 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Flour and Meal; of Potatoes in Thailand (CIF) - 2022
In 2022, the average import price for flour and meal; of potatoeses amounted to $1,556 per ton, reducing by -38.4% against the previous year. In general, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2015 when the average import price increased by 132% against the previous year. The import price peaked at $6,830 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($32,000 per ton), while the price for the Netherlands ($1,388 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Flour and Meal; of Potatoes in Thailand
In 2022, shipments abroad of flour and meal; of potatoeses decreased by -33.4% to 810 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 30%.
In value terms, flour and meal; of potatoes exports declined significantly to $878K in 2022. In general, exports recorded a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of 18%. As a result, the exports reached the peak of $1.2M, and then shrank notably in the following year.
| Export of Flour and Meal; of Potatoes in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 237 | 602 | 559 | 337 | 12.5% |
| Cambodia | 138 | 134 | 180 | 264 | 24.1% |
| Lao People's Democratic Republic | 73.8 | 19.1 | 178 | 77.1 | 1.5% |
| Australia | 49.8 | 49.3 | 44.3 | 53.0 | 2.1% |
| France | 86.5 | 44.0 | 55.8 | 31.1 | -28.9% |
| United Arab Emirates | 39.0 | 0.9 | 5.8 | 13.9 | -29.1% |
| Hong Kong SAR | 1.7 | 4.0 | 4.8 | 7.4 | 63.3% |
| Singapore | 114 | 23.2 | 7.0 | 4.2 | -66.7% |
| Others | 181 | 113 | 139 | 90.4 | -20.7% |
| Total | 921 | 991 | 1,173 | 878 | -1.6% |
Top Export Markets for Flour and Meal; of Potatoes from Thailand in 2022:
- Myanmar (453.9 tons)
- Cambodia (157.8 tons)
- Lao People's Democratic Republic (76.8 tons)
- Australia (28.6 tons)
- Hong Kong SAR (22.3 tons)
- United Arab Emirates (16.3 tons)
- France (11.3 tons)
- Singapore (2.2 tons)
Imports of Flour and Meal; of Potatoes in Thailand
Flour and meal; of potatoes imports into Thailand skyrocketed to 266 tons in 2022, with an increase of 374% against the previous year's figure. Over the period under review, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, flour and meal; of potatoes imports skyrocketed to $415K in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Flour and Meal; of Potatoes in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.1 | N/A | 60.9 | 361 | 589.8% |
| Japan | 36.4 | 67.7 | 76.6 | 51.7 | 12.4% |
| United States | 21.9 | 13.6 | 0.1 | 0.1 | -83.4% |
| Others | 11.3 | 5.8 | 4.4 | 1.9 | -44.8% |
| Total | 70.8 | 87.1 | 142 | 415 | 80.3% |
Top Suppliers of Flour and Meal; of Potatoes to Thailand in 2022:
- United States (undefined tons)
- Netherlands (260.0 tons)
- Japan (6.1 tons)
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