Swine; Live Price in Thailand - 2023

Swine; Live Price in Thailand (FOB) - 2023

In September 2023, the average swine; live export price amounted to $190 per unit, dropping by -6.1% against the previous month. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 127% against the previous month. As a result, the export price attained the peak level of $850 per unit. From December 2022 to September 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Lao People's Democratic Republic ($585 per unit), while the average price for exports to Myanmar totaled $137 per unit.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lao People's Democratic Republic (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Swine; Live Price in Thailand (CIF) - 2022

In 2022, the average swine; live import price amounted to $2,100 per unit, dropping by -29.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 47% against the previous year. Over the period under review, average import prices reached the peak figure at $3,019 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($2,624 per unit), while the price for France ($1,830 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Swine; Live Exports in Thailand

In 2022, exports of swine; live from Thailand soared to 1.5M units, jumping by 43% on the previous year's figure. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 242% against the previous year. As a result, the exports attained the peak of 2.4M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, swine; live exports rose sharply to $263M in 2022. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 335%. As a result, the exports reached the peak of $506M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Swine; Live in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Myanmar	9.4	15.0	23.0	174	164.5%
Lao People's Democratic Republic	8.4	49.8	11.7	56.2	88.4%
Cambodia	98.6	309	101	32.3	-31.1%
Vietnam	N/A	132	97.1	N/A	-26.4%
Others	N/A	N/A	N/A	N/A	0%
Total	116	506	233	263	31.4%

Top Export Markets for Swine; Live from Thailand in 2022:

Myanmar (1099.5K units)
Lao People's Democratic Republic (258.7K units)
Cambodia (148.8K units)

Swine; Live Imports in Thailand

After two years of decline, purchases abroad of swine; live increased by 268% to 3.1K units in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, swine; live imports surged to $6.6M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Swine; Live in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	0.5	1.3	1.6	3.7	94.9%
Denmark	1.5	1.2	0.2	2.6	20.1%
Canada	0.7	0.1	0.6	0.3	-24.6%
Others	0.1	N/A	0.1	N/A	0.0%
Total	2.8	2.6	2.5	6.6	33.1%