Thailand - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Thailand - 2023
Contents:
- Soups Price in Thailand (FOB) - 2023
- Soups Price in Thailand (CIF) - 2023
- Soups Exports in Thailand
- Soups Imports in Thailand
Soups Price in Thailand (FOB) - 2023
In July 2023, the average soups export price amounted to $2,819 per ton, dropping by -4.8% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 35% m-o-m. As a result, the export price reached the peak level of $3,207 per ton. From December 2022 to July 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Myanmar ($11,848 per ton), while the average price for exports to the United States ($1,125 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Price in Thailand (CIF) - 2023
In July 2023, the average soups import price amounted to $3,733 per ton, rising by 2.2% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 20% against the previous month. The import price peaked at $4,676 per ton in October 2022; however, from November 2022 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($9,391 per ton), while the price for China ($2,126 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Exports in Thailand
In 2022, overseas shipments of soups and broths decreased by -3% to 22K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. As a result, the exports attained the peak of 26K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, soups exports shrank slightly to $60M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 28% against the previous year.
Export of Soups in Thailand (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 11.3 | 11.8 | 16.9 | 14.7 | 9.2% |
Japan | 8.2 | 8.0 | 9.7 | 9.9 | 6.5% |
United States | 1.6 | 2.8 | 4.1 | 6.2 | 57.1% |
Hong Kong SAR | 0.9 | 8.0 | 5.5 | 5.3 | 80.6% |
France | 2.9 | 3.7 | 4.5 | 3.9 | 10.4% |
Lao People's Democratic Republic | 1.5 | 1.1 | 2.4 | 3.4 | 31.4% |
Philippines | 1.4 | 4.0 | 2.5 | 3.1 | 30.3% |
Netherlands | 0.4 | 1.1 | 1.5 | 2.7 | 89.0% |
Taiwan (Chinese) | 1.5 | 1.5 | 2.1 | 2.4 | 17.0% |
Malaysia | 2.4 | 2.1 | 3.0 | 1.9 | -7.5% |
Cambodia | 3.7 | 3.3 | 1.6 | 1.6 | -24.4% |
Singapore | 0.9 | 1.0 | 0.9 | 0.6 | -12.6% |
Others | 4.1 | 3.8 | 6.1 | 4.8 | 5.4% |
Total | 40.8 | 52.3 | 60.7 | 60.4 | 14.0% |
Top Export Markets for Soups from Thailand in 2022:
- Australia (4.9K tons)
- Japan (4.3K tons)
- United States (2.5K tons)
- Philippines (1.9K tons)
- Taiwan (Chinese) (1.6K tons)
- Malaysia (1.2K tons)
- Lao People's Democratic Republic (0.9K tons)
- Hong Kong SAR (0.9K tons)
- France (0.8K tons)
- Netherlands (0.6K tons)
- Cambodia (0.5K tons)
- Singapore (0.3K tons)
Soups Imports in Thailand
In 2022, the amount of soups and broths imported into Thailand totaled 3.3K tons, with an increase of 6.4% on the year before. The total import volume increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 9.6%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, soups imports totaled $15M in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
Import of Soups in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 3.6 | 4.7 | 3.3 | 4.4 | 6.9% |
Japan | 2.4 | 2.5 | 2.7 | 3.0 | 7.7% |
China | 0.9 | 0.8 | 3.7 | 2.3 | 36.7% |
Brazil | 1.0 | 1.1 | 0.7 | 0.9 | -3.5% |
Australia | 0.3 | 0.2 | 0.4 | 0.8 | 38.7% |
United States | 1.1 | 1.5 | 1.8 | 0.8 | -10.1% |
Germany | 0.2 | 0.4 | 0.6 | 0.6 | 44.2% |
Malaysia | 0.6 | 0.7 | 0.6 | 0.5 | -5.9% |
Others | 0.5 | 0.5 | 0.5 | 1.6 | 47.4% |
Total | 10.7 | 12.3 | 14.4 | 14.8 | 11.4% |
Top Suppliers of Soups to Thailand in 2022:
- Canada (1214.8 tons)
- China (570.5 tons)
- Japan (480.0 tons)
- Brazil (252.4 tons)
- Germany (222.1 tons)
- United States (134.3 tons)
- Australia (120.1 tons)
- Malaysia (82.3 tons)
This report provides an in-depth analysis of the soups 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 10891100 - Soups and broths and preparations therefor
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
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