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Thailand - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVirgin Olive Oil Price in Thailand - 2022
Contents:
- Virgin Olive Oil Price in Thailand (CIF) - 2022
- Virgin Olive Oil Price in Thailand (FOB) - 2022
- Virgin Olive Oil Imports in Thailand
- Virgin Olive Oil Exports in Thailand
Virgin Olive Oil Price in Thailand (CIF) - 2022
The average virgin olive oil import price stood at $4,604 per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth was the most pronounced in 2013 when the average import price increased by 29%. The import price peaked at $4,887 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($5,623 per ton), while the price for Greece stood at $4,215 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Virgin Olive Oil Price in Thailand (FOB) - 2022
In 2021, the average virgin olive oil export price amounted to $4,100 per ton, surging by 21% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 91%. As a result, the export price attained the peak level of $9,577 per ton. From 2019 to 2021, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($9,481 per ton), while the average price for exports to Maldives ($1,746 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Virgin Olive Oil Imports in Thailand
In 2022, virgin olive oil imports into Thailand expanded significantly to 2.3K tons, with an increase of 5.8% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a slight descent.
In value terms, virgin olive oil imports rose rapidly to $10M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Virgin Olive Oil in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 0.6 | 0.8 | 0.7 | 6.9 | 125.7% |
Spain | 5.2 | 4.8 | 5.8 | 3.5 | -12.4% |
Tunisia | 0.8 | 0.5 | 0.3 | N/A | -38.8% |
Italy | 2.5 | 2.3 | 2.6 | N/A | 2.0% |
Turkey | 0.2 | 0.2 | 0.3 | N/A | 22.5% |
Others | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
Total | 9.5 | 8.8 | 9.8 | 10.4 | 3.1% |
Top Suppliers of Virgin Olive Oil to Thailand in 2022:
- Greece (1.6K tons)
- Spain (0.6K tons)
Virgin Olive Oil Exports in Thailand
In 2021, shipments abroad of virgin olive oil decreased by -84.7% to 3.8 tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports saw a sharp slump. The pace of growth appeared the most rapid in 2020 when exports increased by 176% against the previous year. As a result, the exports attained the peak of 25 tons, and then reduced notably in the following year.
In value terms, virgin olive oil exports fell remarkably to $16K in 2021. Overall, exports recorded a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 62%. As a result, the exports reached the peak of $85K, and then declined markedly in the following year.
Export of Virgin Olive Oil in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
Malaysia | N/A | N/A | 3.8 | 0% | |
Myanmar | 2.1 | 2.2 | 3.1 | 21.5% | |
Maldives | N/A | 0.9 | 3.0 | 233.3% | |
Hong Kong SAR | 1.1 | 3.2 | 2.6 | 53.7% | |
Lao People's Democratic Republic | 11.9 | N/A | 1.2 | -68.2% | |
Taiwan (Chinese) | 9.0 | 0.7 | 1.2 | -63.5% | |
Canada | 21.3 | 0.1 | 0.3 | -88.1% | |
Bangladesh | 0.4 | 13.5 | 0.1 | -50.0% | |
China | 5.4 | N/A | N/A | 0% | |
Australia | N/A | 9.1 | N/A | 0% | |
Others | 0.9 | 54.9 | 0.5 | -25.5% | |
Total | 52.2 | 84.5 | 15.6 | -45.3% |
Top Export Markets for Virgin Olive Oil from Thailand in 2022:
- Maldives (1695.0 kg)
- Malaysia (612.0 kg)
- Hong Kong SAR (385.0 kg)
- Lao People's Democratic Republic (363.0 kg)
- Myanmar (322.0 kg)
- Taiwan (Chinese) (302.0 kg)
- Bangladesh (36.0 kg)
- Canada (35.0 kg)
This report provides an in-depth analysis of the virgin 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:
- FCL 261 - Oil of Olives, Virgin
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 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 refined olive oil market in Thailand.
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 global refined olive oil market.
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 refined olive oil market in Thailand.
This report provides an in-depth analysis of the global virgin olive oil market.
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