Price for Flour, Meal, and Flakes of Potatoes in Thailand - 2024

Price for Flour, Meal, and Flakes of Potatoes in Thailand (CIF) - 2022

The average import price for flour, meal, and flakes of potatoeses stood at $1,459 per ton in 2022, picking up by 8.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 17%. The import price peaked at $1,586 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($1,749 per ton) and India ($1,501 per ton), while the price for Germany ($1,344 per ton) and the Netherlands ($1,395 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flour, Meal, and Flakes of Potatoes in Thailand (FOB) - 2024

The average export price for flour, meal, and flakes of potatoeses stood at $1,378 per ton in September 2023, growing by 31% against the previous month. Overall, the export price, however, showed a abrupt contraction. The growth pace was the most rapid in May 2023 an increase of 80% month-to-month. The export price peaked at $2,150 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Myanmar ($1,467 per ton), while the average price for exports to Lao People's Democratic Republic ($693 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+7.6%), while the prices for the other major destinations experienced a decline.

Imports of Flour, Meal, and Flakes of Potatoes in Thailand

Imports of flour, meal, and flakes of potatoeses into Thailand rose markedly to 5.9K tons in 2022, increasing by 9.1% against the previous year's figure. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.5% 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 +49.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of flour, meal, and flakes of potatoeses surged to $8.6M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.7% 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 +50.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 27%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Flour, Meal, and Flakes of Potatoes in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Denmark	1.1	1.7	4.4	3.6	48.5%
Germany	2.6	2.1	1.7	2.7	1.3%
India	0.9	0.7	0.5	1.1	6.9%
United States	1.1	0.8	N/A	0.5	-23.1%
Netherlands	0.1	0.3	0.5	0.4	58.7%
Others	0.6	0.1	0.1	0.2	-30.7%
Total	6.3	5.7	7.2	8.6	10.9%

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Thailand in 2022:

Denmark (2487.3 tons)
Germany (1991.8 tons)
India (755.1 tons)
Netherlands (313.8 tons)
United States (293.0 tons)

Exports of Flour, Meal, and Flakes of Potatoes in Thailand

After three years of growth, shipments abroad of flour, meal, and flakes of potatoeses decreased by -28.6% to 921 tons in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 35%.

In value terms, exports of flour, meal, and flakes of potatoeses declined sharply to $1M in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of $1.3M, and then shrank remarkably in the following year.

Export of Flour, Meal, and Flakes of Potatoes in Thailand (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Myanmar	470	603	559	337	-10.5%
Cambodia	107	138	183	273	36.6%
Lao People's Democratic Republic	51.6	19.1	178	77.2	14.4%
Hong Kong SAR	18.7	54.9	48.9	76.3	59.8%
Australia	34.8	49.3	44.3	53.0	15.1%
France	60.4	44.1	55.8	31.1	-19.8%
United Arab Emirates	6.1	4.2	11.9	30.2	70.4%
Singapore	79.9	23.7	8.2	4.9	-60.6%
Others	164	164	239	118	-10.4%
Total	992	1,100	1,329	1,001	0.3%