Thailand - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate Price in Thailand - 2023
Contents:
- Chocolate Price in Thailand (CIF) - 2023
- Chocolate Price in Thailand (FOB) - 2023
- Chocolate Imports in Thailand
- Chocolate Exports in Thailand
Chocolate Price in Thailand (CIF) - 2023
The average chocolate import price stood at $3,932 per ton in July 2023, surging by 6.2% against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 an increase of 42% month-to-month. As a result, import price reached the peak level of $4,488 per ton. From May 2023 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($17,891 per ton), while the price for Malaysia ($2,551 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Price in Thailand (FOB) - 2023
In July 2023, the average chocolate export price amounted to $2,387 per ton, with an increase of 27% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 75% m-o-m. Over the period under review, the average export prices reached the maximum at $2,845 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Myanmar ($4,500 per ton), while the average price for exports to Japan ($1,288 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.5%), while the prices for the other major destinations experienced a decline.
Chocolate Imports in Thailand
For the fourth consecutive year, Thailand recorded growth in purchases abroad of chocolate and other food preparations containing cocoa, which increased by 11% to 8.5K tons in 2022. The total import volume increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 17%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, chocolate imports skyrocketed to $32M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Chocolate in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 9.0 | 9.3 | 10.8 | 10.4 | 4.9% |
Malaysia | 3.7 | 4.7 | 6.5 | 8.0 | 29.3% |
Belgium | 2.5 | 2.4 | 2.4 | 4.4 | 20.7% |
Indonesia | 1.3 | 2.0 | 2.1 | 3.2 | 35.0% |
United States | 0.4 | 0.2 | 0.3 | 3.0 | 95.7% |
France | 1.6 | 1.5 | 1.5 | 1.3 | -6.7% |
Others | 1.3 | 1.1 | 1.1 | 1.5 | 4.9% |
Total | 19.8 | 21.1 | 24.7 | 31.8 | 17.1% |
Top Suppliers of Chocolate to Thailand in 2022:
- Singapore (3.3K tons)
- Malaysia (2.6K tons)
- Indonesia (1.0K tons)
- Belgium (0.9K tons)
- France (0.2K tons)
- United States (0.2K tons)
Chocolate Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas shipments of chocolate and other food preparations containing cocoa, which increased by 52% to 7.2K tons in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 96%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, chocolate exports surged to $17M in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
Export of Chocolate in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Myanmar | 0.1 | 4.0 | 3.9 | 5.1 | 270.8% |
Japan | 1.0 | 0.3 | 0.9 | 3.2 | 47.4% |
China | 0.9 | 1.0 | 4.4 | 3.1 | 51.0% |
Cambodia | 1.0 | 0.5 | 0.4 | 1.2 | 6.3% |
Malaysia | 0.5 | 0.1 | 0.1 | 1.0 | 26.0% |
Lao People's Democratic Republic | 0.7 | 0.4 | 0.4 | 0.9 | 8.7% |
South Korea | 0.6 | 0.5 | 0.7 | 0.8 | 10.1% |
Philippines | 0.8 | 0.2 | 0.2 | 0.7 | -4.4% |
Others | 1.2 | 0.5 | 0.7 | 0.9 | -9.1% |
Total | 6.8 | 7.5 | 11.7 | 16.9 | 35.5% |
Top Export Markets for Chocolate from Thailand in 2022:
- Japan (2546.4 tons)
- China (1926.4 tons)
- Myanmar (1005.3 tons)
- Malaysia (392.3 tons)
- Cambodia (277.0 tons)
- Lao People's Democratic Republic (274.8 tons)
- South Korea (259.8 tons)
- Philippines (241.5 tons)
This report provides an in-depth analysis of the chocolate 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:
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
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
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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
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In February 2023, the price of a chocolate bar with filling was $9,610 per ton (CIF, Thailand), which was a decrease of -17.8% compared to the previous month.
The exports of Cocoa Powder With Sugar reached 19K tons in 2020, but from 2021 to 2023, they decreased slightly. In terms of value, the exports dropped to $18M in 2023.
In May 2023, the cereal, fruit or nut chocolate bar price amounted to $8,359 per ton (CIF, Thailand), increasing by 16% against the previous month.
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