Thailand: Green Coffee Market 2024

Green Coffee Market Size in Thailand

In 2023, after two years of decline, there was growth in the Thai green coffee market, when its value increased by X% to $X. In general, consumption, however, saw a pronounced slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Green Coffee Production in Thailand

In value terms, green coffee production shrank to $X in 2023 estimated in export price. Over the period under review, production, however, showed a pronounced decline. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Green coffee production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

The average yield of coffee (green) in Thailand rose modestly to X tons per ha in 2023, increasing by X% compared with the previous year's figure. Over the period under review, the yield, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the yield increased by X%. Over the period under review, the average green coffee yield hit record highs at X tons per ha in 2014; however, from 2015 to 2023, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of coffee (green) in Thailand rose sharply to X ha, picking up by X% compared with the previous year's figure. In general, the harvested area, however, saw a noticeable contraction. The pace of growth was the most pronounced in 2016 when the harvested area increased by X%. The green coffee harvested area peaked at X ha in 2012; however, from 2013 to 2023, the harvested area failed to regain momentum.

Green Coffee Exports

Exports from Thailand

In 2023, exports of coffee (green) from Thailand declined remarkably to X tons, waning by X% against the previous year's figure. Over the period under review, exports faced a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, green coffee exports stood at $X in 2023. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and Canada (X tons) were the main destinations of green coffee exports from Thailand, with a combined X% share of total exports. Germany, Singapore, the Philippines, the Netherlands, Taiwan (Chinese), the UK and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for green coffee exported from Thailand were Japan ($X), the United States ($X) and Germany ($X), with a combined X% share of total exports. Canada, the Netherlands, Singapore, the Philippines, Taiwan (Chinese), the UK and South Korea lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average green coffee export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Green Coffee Imports

Imports into Thailand

Green coffee imports into Thailand declined to X tons in 2023, leveling off at the year before. In general, total imports indicated a resilient increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, green coffee imports soared to $X in 2023. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Vietnam (X tons) constituted the largest green coffee supplier to Thailand, with a X% share of total imports. Moreover, green coffee imports from Vietnam exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Lao People's Democratic Republic (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of coffee (green) to Thailand, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

In 2023, the average green coffee import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, green coffee import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform