Price for Protein; Concentrates and Textured Protein Substances in Thailand - 2024
Contents:
- Price for Protein; Concentrates and Textured Protein Substances in Thailand (CIF) - 2022
- Price for Protein; Concentrates and Textured Protein Substances in Thailand (FOB) - 2024
- Imports of Protein; Concentrates and Textured Protein Substances in Thailand
- Exports of Protein; Concentrates and Textured Protein Substances in Thailand
Price for Protein; Concentrates and Textured Protein Substances in Thailand (CIF) - 2022
In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $3,896 per ton, rising by 6.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 43%. As a result, import price attained the peak level of $4,223 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($16,115 per ton), while the price for Norway ($1,937 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Protein; Concentrates and Textured Protein Substances in Thailand (FOB) - 2024
In May 2024, the average export price for protein; concentrates and textured protein substanceses amounted to $3,938 per ton, shrinking by -21.2% against the previous month. In general, the export price saw a slight downturn. The most prominent rate of growth was recorded in February 2024 when the average export price increased by 45% month-to-month. As a result, the export price reached the peak level of $6,117 per ton. From March 2024 to May 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 the Philippines ($11,478 per ton), while the average price for exports to the United States ($1,872 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Protein; Concentrates and Textured Protein Substances in Thailand
In 2022, supplies from abroad of protein; concentrates and textured protein substanceses decreased by -3.5% to 3.7K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 134%.
In value terms, imports of protein; concentrates and textured protein substanceses expanded to $14M in 2022. Overall, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 70% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Protein; Concentrates and Textured Protein Substances in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 3.0 | 4.8 | 5.7 | 49.7% |
| United States | 2.3 | 4.3 | 4.2 | 3.5 | 15.0% |
| Switzerland | 0.3 | 0.2 | 0.3 | 1.3 | 63.0% |
| Netherlands | N/A | 0.5 | 0.7 | 0.7 | 18.3% |
| Japan | 0.2 | 0.2 | 0.5 | 0.4 | 26.0% |
| Belgium | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Norway | 0.1 | 0.3 | 0.5 | 0.3 | 44.2% |
| Czech Republic | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
| Taiwan (Chinese) | N/A | 0.1 | 0.3 | 0.2 | 41.4% |
| Others | 0.8 | 0.9 | 2.5 | 2.0 | 35.7% |
| Total | 5.9 | 10.0 | 14.1 | 14.5 | 34.9% |
Top Suppliers of Protein; Concentrates and Textured Protein Substances to Thailand in 2022:
- China (2143.8 tons)
- United States (546.7 tons)
- Netherlands (218.0 tons)
- Switzerland (183.3 tons)
- Norway (146.9 tons)
- Japan (82.6 tons)
- Taiwan (Chinese) (69.4 tons)
- Czech Republic (63.5 tons)
- Belgium (53.4 tons)
Exports of Protein; Concentrates and Textured Protein Substances in Thailand
In 2022, overseas shipments of protein; concentrates and textured protein substanceses decreased by -6.5% to 916 tons, falling for the second year in a row after two years of growth. Overall, exports showed a pronounced slump. The pace of growth appeared the most rapid in 2020 with an increase of 36%. As a result, the exports reached the peak of 1.3K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of protein; concentrates and textured protein substanceses skyrocketed to $3.2M in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 96% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Protein; Concentrates and Textured Protein Substances in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 18.6 | 1,359 | 543 | 639 | 225.1% |
| Philippines | N/A | 23.8 | 41.0 | 568 | 388.5% |
| China | 96.7 | 193 | 275 | 478 | 70.3% |
| Taiwan (Chinese) | 77.0 | 425 | 443 | 277 | 53.2% |
| Singapore | 55.5 | 51.0 | 129 | 152 | 39.9% |
| Malaysia | 32.1 | 45.3 | 20.3 | 141 | 63.8% |
| United States | 42.9 | 30.9 | 258 | 129 | 44.3% |
| United Kingdom | 46.8 | 20.0 | 126 | 102 | 29.7% |
| Japan | 1.0 | 23.1 | 19.1 | 98.1 | 361.2% |
| Finland | 0.2 | N/A | N/A | 83.0 | 645.9% |
| Czech Republic | 0.2 | 14.3 | 18.7 | 81.6 | 641.7% |
| Australia | 17.1 | 11.3 | 68.8 | 45.8 | 38.9% |
| Canada | 2.1 | 1.7 | 2.0 | 45.7 | 179.2% |
| Others | 941 | 405 | 431 | 394 | -25.2% |
| Total | 1,331 | 2,603 | 2,375 | 3,234 | 34.4% |
Top Export Markets for Protein; Concentrates and Textured Protein Substances from Thailand in 2022:
- Hong Kong SAR (196.8 tons)
- China (185.3 tons)
- Taiwan (Chinese) (144.6 tons)
- Philippines (75.7 tons)
- Singapore (38.0 tons)
- United States (34.3 tons)
- Japan (27.1 tons)
- Malaysia (26.5 tons)
- United Kingdom (23.4 tons)
- Canada (21.8 tons)
- Finland (16.2 tons)
- Czech Republic (16.0 tons)
- Australia (15.9 tons)
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