Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand - 2024
Contents:
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand (FOB) - 2024
- Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand (CIF) - 2024
- Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand
- Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand (FOB) - 2024
In January 2024, the average export price for vegetables (uncooked or cooked by steaming or boiling in water); frozen amounted to $1,806 per ton, rising by 6.1% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in October 2023 an increase of 6.7% month-to-month. As a result, the export price attained the peak level of $1,869 per ton. From November 2023 to January 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was the United States ($2,131 per ton), while the average price for exports to Myanmar ($656 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand (CIF) - 2024
The average import price for vegetables (uncooked or cooked by steaming or boiling in water); frozen stood at $1,156 per ton in January 2024, jumping by 21% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 26% m-o-m. Over the period under review, average import prices attained the peak figure at $1,685 per ton in August 2023; however, from September 2023 to January 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was New Zealand ($1,702 per ton), while the price for China stood at $1,037 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by New Zealand (-0.3%).
Exports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand
For the third year in a row, Thailand recorded decline in shipments abroad of vegetables (uncooked or cooked by steaming or boiling in water); frozen, which decreased by -7.9% to 61K tons in 2022. Over the period under review, exports continue to indicate a drastic downturn.
In value terms, exports of vegetables (uncooked or cooked by steaming or boiling in water); frozen reduced slightly to $105M in 2022. Overall, exports recorded a perceptible curtailment.
| Export of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 81.2 | 75.3 | 68.6 | 71.9 | -4.0% |
| United States | 9.4 | 11.4 | 9.9 | 11.2 | 6.0% |
| Iran | 10.1 | 3.0 | 3.6 | 3.7 | -28.4% |
| Taiwan (Chinese) | 1.8 | 3.2 | 3.8 | 3.6 | 26.0% |
| Hong Kong SAR | 4.8 | 4.3 | 3.7 | 3.3 | -11.7% |
| China | 0.3 | 3.9 | 4.5 | 1.0 | 49.4% |
| Others | 13.1 | 16.2 | 12.4 | 10.5 | -7.1% |
| Total | 121 | 117 | 107 | 105 | -4.6% |
Top Export Markets for Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen from Thailand in 2022:
- Japan (39.1K tons)
- United States (5.4K tons)
- Iran (4.1K tons)
- Taiwan (Chinese) (3.3K tons)
- China (1.7K tons)
- Hong Kong SAR (1.5K tons)
Imports of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand
In 2022, the amount of vegetables (uncooked or cooked by steaming or boiling in water); frozen imported into Thailand soared to 15K tons, increasing by 17% on the year before. The total import volume increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 22%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of vegetables (uncooked or cooked by steaming or boiling in water); frozen skyrocketed to $17M in 2022. The total import value increased at an average annual rate of +11.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.5 | 11.6 | 12.1 | 15.0 | 12.6% |
| New Zealand | 0.8 | 1.1 | 0.8 | 1.4 | 20.5% |
| Others | 1.4 | 1.2 | 0.6 | 1.1 | -7.7% |
| Total | 12.7 | 13.8 | 13.4 | 17.5 | 11.3% |
Top Suppliers of Vegetables (Uncooked or Cooked by Steaming or Boiling in Water); Frozen to Thailand in 2022:
- China (13.6K tons)
- New Zealand (0.9K tons)
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