Thailand: Tomato Market 2024

Tomato Market Size in Thailand

The Thai tomato market reduced to $X in 2023, with a decrease of X% against the previous year. In general, consumption continues to indicate a noticeable curtailment. Tomato consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Tomato Production in Thailand

In value terms, tomato production reduced to $X in 2023 estimated in export price. Overall, production saw a deep slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Tomato production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

The average yield of tomatoes in Thailand dropped slightly to X tons per ha in 2023, therefore, remained relatively stable against the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The tomato yield peaked at X tons per ha in 2022, and then shrank modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. X ha of tomatoes were harvested in Thailand; stabilizing at 2022 figures. Overall, the harvested area, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The tomato harvested area peaked at X ha in 2020; however, from 2021 to 2023, the harvested area remained at a lower figure.

Tomato Exports

Exports from Thailand

In 2023, tomato exports from Thailand reduced modestly to X tons, approximately mirroring the year before. In general, exports, however, recorded resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, tomato exports soared to $X in 2023. Over the period under review, exports, however, recorded a tangible increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons), Myanmar (X tons) and Singapore (X tons) were the main destinations of tomato exports from Thailand, with a combined X% share of total exports. Cambodia and Lao People's Democratic Republic lagged somewhat behind, together accounting for 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 Cambodia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato exported from Thailand were Malaysia ($X), Myanmar ($X) and Singapore ($X), with a combined X% share of total exports.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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 tomato export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2022 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Malaysia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Tomato Imports

Imports into Thailand

In 2023, overseas purchases of tomatoes were finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tomato imports soared to $X in 2023. Over the period under review, imports recorded a resilient increase. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) was the main supplier of tomato to Thailand, accounting for a X% share of total imports. It was followed by Malaysia (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%.

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

From 2012 to 2023, the average annual growth rate of value from China totaled X%.

Import Prices by Country

In 2023, the average tomato import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, showed a slight downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China stood at $X per ton.

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

Source: IndexBox Platform