Thailand: Mushroom And Truffle Market 2024

Mushroom And Truffle Market Size in Thailand

In 2023, the Thai mushroom and truffle market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption enjoyed strong growth. Mushroom and truffle consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Mushroom And Truffle Production in Thailand

In value terms, mushroom and truffle production contracted to $X in 2023 estimated in export price. Overall, production, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2022 with an increase of X%. Mushroom and truffle production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

In 2023, the average yield of mushrooms and truffles in Thailand totaled less than X kg per ha, remaining constant against the year before. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, approx. less than X ha of mushrooms and truffles were harvested in Thailand; flattening at the previous year's figure. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Mushroom And Truffle Exports

Exports from Thailand

In 2023, overseas shipments of mushrooms and truffles increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mushroom and truffle exports surged to $X in 2023. Overall, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cambodia (X tons), Malaysia (X tons) and Vietnam (X tons) were the main destinations of mushroom and truffle exports from Thailand, with a combined X% share of total exports.

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

In value terms, Cambodia ($X) emerged as the key foreign market for mushrooms and truffles exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Cambodia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2023, the average mushroom and truffle export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Singapore ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mushroom And Truffle Imports

Imports into Thailand

In 2023, overseas purchases of mushrooms and truffles increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports posted a prominent expansion. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, mushroom and truffle imports soared to $X in 2023. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, China (X tons) was the main supplier of mushroom and truffle to Thailand, accounting for a X% share of total imports. Moreover, mushroom and truffle imports from China exceeded the figures recorded by the second-largest supplier, Cambodia (X tons), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of mushrooms and truffles to Thailand, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2023, the average mushroom and truffle import price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, mushroom and truffle import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then fell slightly in the following year.

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 Malaysia ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform