Thailand: Market for Grape Juice (Single Strength) 2024

Market Size for Grape Juice (Single Strength) in Thailand

In 2023, the Thai grape juice (single strength) market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, saw a deep slump. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Production of Grape Juice (Single Strength) in Thailand

In value terms, grape juice (single strength) production amounted to $X in 2023 estimated in export price. In general, production recorded a relatively flat trend pattern. Grape juice (single strength) production peaked in 2023 and is expected to retain growth in the immediate term.

Exports of Grape Juice (Single Strength)

Exports from Thailand

In 2023, the amount of grape juice (single strength) exported from Thailand rose markedly to X tons, picking up by X% compared with 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, grape juice (single strength) exports skyrocketed to $X in 2023. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Cambodia (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of grape juice (single strength) exports from Thailand.

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 mixed trend patterns.

In value terms, Cambodia ($X), Myanmar ($X) and Lao People's Democratic Republic ($X) were the largest markets for grape juice (single strength) exported from Thailand worldwide.

In terms of the main countries of destination, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average grape juice (single strength) export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Cambodia (X%), while the prices for the other major destinations experienced a decline.

Imports of Grape Juice (Single Strength)

Imports into Thailand

In 2023, after two years of growth, there was decline in overseas purchases of grape juice (single strength), when their volume decreased by X% to X tons. In general, imports showed a slight decline. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, grape juice (single strength) imports declined to $X in 2023. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

The United States (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of grape juice (single strength) imports to Thailand, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grape juice (single strength) suppliers to Thailand were Spain ($X), the United States ($X) and Italy ($X), with a combined X% share of total imports.

Among the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grape juice (single strength) import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform