Thailand: Grain Market 2024

Grain Market Size in Thailand

The Thai grain market dropped modestly to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a pronounced decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Grain Production in Thailand

In value terms, grain production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of cereal grains in Thailand reduced slightly to X tons per ha in 2022, remaining stable against 2021. Overall, the yield continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the yield increased by X%. Over the period under review, the average grain yield attained the maximum level at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereal grains production in Thailand dropped slightly to X ha, declining by X% against 2021 figures. In general, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Grain Exports

Exports from Thailand

Grain exports from Thailand reduced markedly to X tons in 2022, with a decrease of X% against 2021 figures. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, grain exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a mild increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Pakistan (X tons) and Myanmar (X tons) were the main destinations of grain exports from Thailand, together accounting for X% of total exports. Vietnam, Indonesia, Lao People's Democratic Republic, Japan, Ecuador, the Philippines and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), Myanmar ($X) and Vietnam ($X) appeared to be the largest markets for grain exported from Thailand worldwide, together accounting for X% of total exports. Ecuador, Malaysia, Japan, Lao People's Democratic Republic, Taiwan (Chinese), Indonesia and the Philippines lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the Philippines ($X 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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Grain Imports

Imports into Thailand

In 2022, overseas purchases of cereal grains decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, saw mild growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, grain imports declined sharply to $X in 2022. In general, imports, however, enjoyed measured growth. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined dramatically in the following year.

Imports by Country

Myanmar (X tons), Australia (X tons) and the United States (X tons) were the main suppliers of grain imports to Thailand, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Myanmar ($X), Australia ($X) and the United States ($X) appeared to be the largest grain suppliers to Thailand, together accounting for X% of total imports.

In terms of the main suppliers, Myanmar, 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 grain import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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