Price for Citrus Fruits Not Elsewhere Classified in Thailand - 2023
Contents:
- Price for Citrus Fruits Not Elsewhere Classified in Thailand (FOB) - 2022
- Price for Citrus Fruits Not Elsewhere Classified in Thailand (CIF) - 2022
- Exports of Citrus Fruits Not Elsewhere Classified in Thailand
- Imports of Citrus Fruits Not Elsewhere Classified in Thailand
Price for Citrus Fruits Not Elsewhere Classified in Thailand (FOB) - 2022
In 2022, the average export price for citrus fruits not elsewhere classified amounted to $1,883 per ton, rising by 63% against the previous year. In general, the export price showed resilient growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 105%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($10,027 per ton), while the average price for exports to Myanmar ($488 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 Malaysia (+66.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Citrus Fruits Not Elsewhere Classified in Thailand (CIF) - 2022
In 2022, the average import price for citrus fruits not elsewhere classified amounted to $641 per ton, with an increase of 6% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2019 when the average import price increased by 19%. The import price peaked at $1,443 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Myanmar ($665 per ton), while the price for Lao People's Democratic Republic totaled $495 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+1.6%), while the prices for the other major suppliers experienced a decline.
Exports of Citrus Fruits Not Elsewhere Classified in Thailand
In 2022, citrus fruits not elsewhere classified exports from Thailand dropped sharply to 92 tons, falling by -35.9% against the year before. Overall, exports faced a dramatic downturn. The smallest decline of -34.4% was in 2020.
In value terms, citrus fruits not elsewhere classified exports rose to $172K in 2022. In general, exports faced a sharp decrease.
| Export of Citrus Fruits Not Elsewhere Classified in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 27.7 | 23.0 | 10.1 | 66.7 | 34.0% |
| China | 807 | 614 | 52.2 | 27.8 | -67.5% |
| Singapore | N/A | N/A | N/A | 26.3 | 0% |
| United States | 22.3 | 38.1 | 60.0 | 24.3 | 2.9% |
| Myanmar | N/A | 16.9 | 25.7 | 9.5 | -25.0% |
| Lao People's Democratic Republic | 478 | 84.0 | 12.1 | 1.6 | -85.0% |
| Others | 43.7 | 7.9 | 5.2 | 16.3 | -28.0% |
| Total | 1,379 | 783 | 165 | 172 | -50.0% |
Top Export Markets for Citrus Fruits Not Elsewhere Classified from Thailand in 2022:
- Singapore (24.3 tons)
- China (20.2 tons)
- Myanmar (19.4 tons)
- Hong Kong SAR (19.0 tons)
- United States (2.4 tons)
- Lao People's Democratic Republic (2.1 tons)
Imports of Citrus Fruits Not Elsewhere Classified in Thailand
In 2022, imports of citrus fruits not elsewhere classified into Thailand surged to 349 tons, increasing by 51% against 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, citrus fruits not elsewhere classified imports soared to $224K in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +92.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Citrus Fruits Not Elsewhere Classified in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 78.8 | 54.3 | 105 | 199 | 36.2% |
| Lao People's Democratic Republic | 14.9 | 61.9 | 35.3 | 24.8 | 18.5% |
| United States | 68.6 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | N/A | 0% |
| Total | 162 | 116 | 140 | 224 | 11.4% |
Top Suppliers of Citrus Fruits Not Elsewhere Classified to Thailand in 2022:
- Myanmar (299.2 tons)
- Lao People's Democratic Republic (50.1 tons)
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