Thailand - Wheat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWheat Price in Thailand - 2023
Contents:
- Wheat Price in Thailand (CIF) - 2023
- Wheat Price in Thailand (FOB) - 2022
- Wheat Imports in Thailand
- Wheat Exports in Thailand
Wheat Price in Thailand (CIF) - 2023
In September 2023, the average wheat import price amounted to $319 per ton, waning by -18.6% against the previous month. Over the period under review, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 9.4% against the previous month. Over the period under review, average import prices hit record highs at $500 per ton in October 2022; however, from November 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Canada ($414 per ton) and the United States ($390 per ton), while the price for Ukraine ($295 per ton) and Bulgaria ($300 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (-1.6%), while the prices for the other major suppliers experienced a decline.
Wheat Price in Thailand (FOB) - 2022
The average wheat export price stood at $1,078 per ton in 2022, declining by -51.6% against the previous year. Overall, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2017 an increase of 98%. The export price peaked at $2,226 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($6,558 per ton), while the average price for exports to Japan ($307 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 Myanmar (+8.4%), while the prices for the other major destinations experienced a decline.
Wheat Imports in Thailand
In 2022, purchases abroad of wheat decreased by -40.6% to 1.6M tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 9.6% against the previous year. As a result, imports attained the peak of 3.1M tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, wheat imports contracted rapidly to $679M in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year.
Import of Wheat in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 95.9 | 88.6 | 319 | 292 | 44.9% |
United States | 171 | 197 | 216 | 231 | 10.5% |
India | N/A | N/A | 2.3 | 81.0 | 3421.7% |
Canada | 76.9 | 76.7 | 53.4 | 70.2 | -3.0% |
Ukraine | 210 | 132 | 103 | 5.3 | -70.7% |
Argentina | 53.8 | 136 | 51.5 | N/A | -2.2% |
Romania | 54.8 | 36.1 | 35.4 | N/A | -19.6% |
Others | 19.1 | 117 | 37.2 | 0.1 | -82.6% |
Total | 681 | 783 | 818 | 679 | -0.1% |
Top Suppliers of Wheat to Thailand in 2022:
- Australia (740.0K tons)
- United States (485.1K tons)
- India (226.9K tons)
- Canada (150.5K tons)
- Ukraine (13.3K tons)
Wheat Exports in Thailand
In 2022, the amount of wheat exported from Thailand skyrocketed to 36 tons, picking up by 120% on 2021 figures. Over the period under review, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, wheat exports stood at $38K in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +98.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 86%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
Export of Wheat in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 9.0 | 18.8 | 34.5 | 19.3 | 29.0% |
United Kingdom | N/A | N/A | N/A | 12.7 | 0% |
Maldives | 0.4 | N/A | N/A | 4.0 | 115.4% |
Japan | 0.2 | 0.4 | 0.4 | 0.8 | 58.7% |
Myanmar | 16.1 | N/A | N/A | N/A | 0% |
Lao People's Democratic Republic | 0.6 | N/A | N/A | N/A | 0% |
Others | 2.7 | 0.2 | 1.1 | 1.5 | -17.8% |
Total | 29.1 | 19.4 | 36.0 | 38.4 | 9.7% |
Top Export Markets for Wheat from Thailand in 2022:
- United Kingdom (23.9 tons)
- Sweden (8.1 tons)
- Japan (2.7 tons)
- Maldives (0.6 tons)
This report provides an in-depth analysis of the wheat market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 15 - Wheat
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the wheat market in Thailand.
This report provides an in-depth analysis of the cereal market in Thailand.
This report provides an in-depth analysis of the grain market in Thailand.
This report provides an in-depth analysis of the grain market in Thailand.
This report provides an in-depth analysis of the durum wheat market in Thailand.
This report provides an in-depth analysis of the global wheat market.
This report provides an in-depth analysis of the global cereal market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the global grain market.
This report provides an in-depth analysis of the global durum wheat market.
Between April 2023 and January 2024, Wheat imports showed a downward trend with a value of $58M in January 2024.
Durum Wheat imports experienced a significant growth rate in June 2023, with a remarkable increase of 847% compared to the previous month's data. In terms of value, the imports of Durum Wheat skyrocketed to $704K in September 2023.
Explore the top import markets for wheat including Indonesia, Egypt, China, Algeria, Turkey, Italy, Philippines, Morocco, Japan, and Nigeria. Find out the key statistics and market insights using IndexBox platform.
In 2022, wheat price growth is forecast to slow down with sufficient global production and falling demand for feed grains in the U.S. and the EU. Global wheat output is set to remain at the 2021’s level of approx. 777M tons.
The average annual wheat price in the U.S. is forecast to drop by 2% y-o-y to $250 per ton in 2022, falling on reduced domestic consumption coupled with stable supply worldwide. The market balance will be buoyed by production gains in Argentina and the EU that will offset decreasing output in Brazil and Paraguay.
This year, harvests in the EU, the U.S., the UK, Argentina, Morocco and Ukraine are expected to increase, leading to a growth in wheat production. Even though global stockpiles of grains will remain high, there are boosted expectations for inflation due to forecasts of record demand and increased prices for other cereal grains. The rising global population and bioethanol production are key factors leading to this growth in demand for wheat. Another driving factor is the emerging trend in the EU to use more wheat in animal feed rather than barley.
Global wheat production will reach 758.3 million tons in 2020, showing a slight decrease of 0.5 percent over the previous year's highs and still at a fairly high level.
Global wheat consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
In 2015, the countries with the highest levels of production were China (X thousand tons), India (X thousand tons), Russia (X thousand tons), together accounting for X% of total output.
The U.S. dominates in the global wheat trade. In 2014, the U.S. exported X thousand tons of wheat totaling X million USD, X% under the previous year. Its primary trading partner was Japan, where it supplied X% of its total wheat exports in