Thailand - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Thailand - 2023
Contents:
- Refined Olive Oil Price in Thailand (CIF) - 2023
- Refined Olive Oil Price in Thailand (FOB) - 2022
- Refined Olive Oil Imports in Thailand
- Refined Olive Oil Exports in Thailand
Refined Olive Oil Price in Thailand (CIF) - 2023
In September 2023, the average refined olive oil import price amounted to $8,359 per ton, picking up by 4.5% against the previous month. Overall, import price indicated a pronounced increase from September 2022 to September 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, refined olive oil import price increased by +36.6% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 21% month-to-month. The import price peaked in September 2023.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($8,898 per ton), while the price for Spain amounted to $7,381 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.6%).
Refined Olive Oil Price in Thailand (FOB) - 2022
The average refined olive oil export price stood at $3,326 per ton in 2022, reducing by -45.9% against the previous year. Overall, the export price, however, posted resilient growth. The pace of growth appeared the most rapid in 2019 an increase of 62% against the previous year. The export price peaked at $6,142 per ton in 2021, and then declined sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($13,442 per ton), while the average price for exports to Madagascar ($338 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Olive Oil Imports in Thailand
Refined olive oil imports into Thailand skyrocketed to 2.2K tons in 2022, growing by 18% compared with the previous year. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refined olive oil imports skyrocketed to $11M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Refined Olive Oil in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 4.1 | 4.4 | 5.1 | 6.4 | 16.0% |
Italy | 3.3 | 3.7 | 4.0 | 4.2 | 8.4% |
Tunisia | N/A | N/A | N/A | 0.5 | 0% |
Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Total | 7.5 | 8.2 | 9.2 | 11.2 | 14.3% |
Top Suppliers of Refined Olive Oil to Thailand in 2022:
- Spain (1395.0 tons)
- Italy (673.0 tons)
- Tunisia (132.0 tons)
Refined Olive Oil Exports in Thailand
Refined olive oil exports from Thailand reduced to 7.6 tons in 2022, waning by -8.7% compared with the year before. Over the period under review, exports recorded a mild slump. The growth pace was the most rapid in 2021 with an increase of 94% against the previous year. As a result, the exports attained the peak of 8.3 tons, and then fell in the following year.
In value terms, refined olive oil exports declined dramatically to $25K in 2022. Overall, exports showed a deep setback. The growth pace was the most rapid in 2021 with an increase of 149% against the previous year. As a result, the exports reached the peak of $51K, and then shrank significantly in the following year.
Export of Refined Olive Oil in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lao People's Democratic Republic | 0.3 | 9.6 | 26.0 | 13.9 | 259.2% |
Cambodia | 6.9 | N/A | 0.5 | 3.7 | -18.8% |
Maldives | N/A | N/A | 2.0 | 3.5 | 75.0% |
United States | 2.3 | 2.9 | 4.1 | 2.4 | 1.4% |
Madagascar | N/A | N/A | N/A | 0.7 | 0% |
Angola | N/A | N/A | N/A | 0.6 | 0% |
Denmark | 5.4 | 1.1 | 0.1 | 0.1 | -73.5% |
China | N/A | N/A | 6.9 | N/A | 0% |
Vietnam | 7.4 | 3.9 | 7.8 | N/A | 2.7% |
Singapore | 9.3 | N/A | N/A | N/A | 0% |
Others | 4.2 | 3.0 | 3.9 | 0.4 | -54.3% |
Total | 35.9 | 20.5 | 51.1 | 25.3 | -11.0% |
Top Export Markets for Refined Olive Oil from Thailand in 2022:
- Madagascar (2145.0 kg)
- Maldives (2050.0 kg)
- Lao People's Democratic Republic (1541.0 kg)
- United States (1099.0 kg)
- Angola (410.0 kg)
- Cambodia (276.0 kg)
- Denmark (28.0 kg)
- Vietnam (1.0 kg)
This report provides an in-depth analysis of the refined olive oil 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 10415310 - Refined olive oil and its fractions (excluding chemically modified)
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
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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
This report provides an in-depth analysis of the refined olive oil market in Thailand.
This report provides an in-depth analysis of the virgin olive oil market in Thailand.
This report provides an in-depth analysis of the olive oil market in Thailand.
This report provides an in-depth analysis of the global refined olive oil market.
This report provides an in-depth analysis of the global virgin olive oil market.
This report provides an in-depth analysis of the global olive oil market.
This report provides an in-depth analysis of the refined olive oil market in Thailand.
This report provides an in-depth analysis of the virgin olive oil market in Thailand.
This report provides an in-depth analysis of the olive oil market in Thailand.
This report provides an in-depth analysis of the global refined olive oil market.
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