Report Update Apr 1, 2024

Thailand - Avocados - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Avocado Market 2024

Avocado Market Size in Thailand

After seven years of growth, the Thai avocado market decreased by X% to $X in 2022. In general, consumption, however, recorded a prominent expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced rapidly in the following year.

Avocado Exports

Exports from Thailand

For the third consecutive year, Thailand recorded growth in shipments abroad of avocados, which increased by X% to X tons in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, avocado exports dropped to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for avocado exports from Thailand, accounting for a X% share of total exports. Moreover, avocado exports to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Myanmar (X tons), eightfold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lao People's Democratic Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Bangladesh (X% per year).

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for avocados exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Myanmar ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Lao People's Democratic Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The average avocado export price stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced a decline.

Avocado Imports

Imports into Thailand

In 2022, purchases abroad of avocados decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then dropped remarkably in the following year.

In value terms, avocado imports dropped markedly to $X in 2022. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Imports peaked at $X in 2021, and then declined remarkably in the following year.

Imports by Country

New Zealand (X tons) and Peru (X tons) were the main suppliers of avocado imports to Thailand.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%).

In value terms, the largest avocado suppliers to Thailand were New Zealand ($X) and Peru ($X).

Peru, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average avocado import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Peru stood at $X per ton.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?

The countries with the highest volumes of consumption in 2023 were Mexico, the United States and the Dominican Republic, together accounting for 42% of global consumption. Indonesia, Colombia, Brazil, Kenya, Haiti, France, Spain, China, Vietnam and Venezuela lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of avocados in the world?

The country with the largest volume of avocado production was Mexico, accounting for 31% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, Peru, fourfold. The third position in this ranking was taken by the Dominican Republic, with an 8.3% share.

What are the leading suppliers of avocados to Thailand?

In value terms, the largest avocado suppliers to Thailand were New Zealand and Peru.

What are the leading importers of avocados from Thailand?

In value terms, Lao People's Democratic Republic emerged as the key foreign market for avocados exports from Thailand, comprising 56% of total exports. The second position in the ranking was taken by Myanmar, with a 20% share of total exports. It was followed by Bangladesh, with a 6.5% share.

What is the average export price for avocados in Thailand?

The average avocado export price stood at $615 per ton in 2022, declining by -22% against the previous year.

What is the average import price for avocados in Thailand?

In 2022, the average avocado import price amounted to $5,377 per ton, growing by 4.7% against the previous year.

This report provides an in-depth analysis of the avocado 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 572 - Avocados

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023