Thailand - Peanut Butter And Prepared Or Preserved Groundnuts - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPeanut Butter Price in Thailand - 2023
Contents:
- Peanut Butter Price in Thailand (FOB) - 2023
- Peanut Butter Price in Thailand (CIF) - 2023
- Peanut Butter Exports in Thailand
- Peanut Butter Imports in Thailand
Peanut Butter Price in Thailand (FOB) - 2023
The average peanut butter export price stood at $4,851 per ton in September 2023, rising by 4.8% against the previous month. In general, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in May 2023 an increase of 41% month-to-month. As a result, the export price reached the peak level of $6,401 per ton. From June 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Switzerland ($11,660 per ton), while the average price for exports to India ($3,301 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Peanut Butter Price in Thailand (CIF) - 2023
In September 2023, the average peanut butter import price amounted to $2,345 per ton, falling by -14.2% against the previous month. In general, import price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, peanut butter import price decreased by -14.2% against August 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 49% against the previous month. Over the period under review, average import prices reached the peak figure at $3,798 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($9,288 per ton), while the price for China ($2,013 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Peanut Butter Exports in Thailand
In 2022, overseas shipments of peanut butter and prepared or preserved groundnuts decreased by -1.5% to 7.5K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +13.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 33% against the previous year.
In value terms, peanut butter exports contracted to $35M in 2022. The total export value increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 23%.
| Export of Peanut Butter in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.3 | 9.3 | 11.5 | 7.4 | 19.8% |
| South Korea | 1.4 | 3.3 | 4.5 | 4.0 | 41.9% |
| Vietnam | 0.1 | 0.7 | 1.0 | 2.9 | 207.2% |
| China | 5.8 | 3.4 | 1.6 | 2.7 | -22.5% |
| Switzerland | 2.7 | 3.2 | 3.3 | 2.4 | -3.9% |
| United Kingdom | 0.9 | 1.0 | 1.2 | 2.1 | 32.6% |
| Malaysia | 1.6 | 1.5 | 1.7 | 2.1 | 9.5% |
| Australia | 1.1 | 1.3 | 1.2 | 1.4 | 8.4% |
| Lao People's Democratic Republic | 1.0 | 1.1 | 1.0 | 1.1 | 3.2% |
| India | 0.3 | 0.7 | 0.8 | 1.1 | 54.2% |
| Cambodia | 1.5 | 1.6 | 1.0 | 1.1 | -9.8% |
| Myanmar | N/A | 0.5 | 0.7 | 1.0 | 41.4% |
| Hong Kong SAR | 0.6 | 0.6 | 0.5 | 0.7 | 5.3% |
| Others | 5.3 | 4.6 | 6.0 | 5.3 | 0.0% |
| Total | 26.7 | 32.9 | 35.8 | 35.3 | 9.8% |
Top Export Markets for Peanut Butter from Thailand in 2022:
- United States (1802.8 tons)
- South Korea (1009.9 tons)
- Vietnam (757.6 tons)
- China (499.9 tons)
- United Kingdom (388.2 tons)
- Myanmar (364.9 tons)
- Malaysia (361.4 tons)
- India (329.5 tons)
- Lao People's Democratic Republic (252.6 tons)
- Australia (246.1 tons)
- Switzerland (225.0 tons)
- Cambodia (212.9 tons)
- Hong Kong SAR (120.6 tons)
Peanut Butter Imports in Thailand
In 2022, approx. 5.3K tons of peanut butter and prepared or preserved groundnuts were imported into Thailand; growing by 63% against the previous year's figure. In general, imports, however, recorded a noticeable decline.
In value terms, peanut butter imports surged to $12M in 2022. Over the period under review, imports, however, recorded a abrupt curtailment.
| Import of Peanut Butter in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.0 | 11.3 | 6.5 | 10.0 | -5.9% |
| Australia | 1.5 | 1.1 | 1.1 | 0.8 | -18.9% |
| United States | 0.7 | 0.9 | 0.7 | 0.6 | -5.0% |
| Malaysia | N/A | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | 0.4 | 0.2 | 0.2 | 0.4 | 0.0% |
| Total | 14.7 | 13.7 | 8.7 | 11.9 | -6.8% |
Top Suppliers of Peanut Butter to Thailand in 2022:
- China (4.8K tons)
- Australia (0.2K tons)
- United States (0.1K tons)
- Malaysia (0.1K tons)
This report provides an in-depth analysis of the peanut butter 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 10392330 - Prepared or preserved groundnuts (including peanut butter, e xcluding by vinegar or acetic acid, frozen, purees and pastes)
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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
1269
This report provides an in-depth analysis of the peanut butter market in Thailand.
614
This report provides an in-depth analysis of the market for nuts (prepared or preserved) in Thailand.
1366
This report provides an in-depth analysis of the canned pineapple market in Thailand.
2994
This report provides an in-depth analysis of the global peanut butter market.
2912
This report provides an in-depth analysis of the global market for nuts (prepared or preserved).
4214
This report provides an in-depth analysis of the global canned pineapple market.
1269
This report provides an in-depth analysis of the peanut butter market in Thailand.
614
This report provides an in-depth analysis of the market for nuts (prepared or preserved) in Thailand.
1366
This report provides an in-depth analysis of the canned pineapple market in Thailand.
2994
This report provides an in-depth analysis of the global peanut butter market.
161
The rate of growth reached its peak in February 2023 with a 40% month-to-month increase in exports. However, the value of peanut butter exports declined to $3M in November 2023.
477
The price of Canned Pineapple in June 2023 was $1,065 per ton (FOB, Thailand), which was similar to the previous month.
8801
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
2013
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1174
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
161
The rate of growth reached its peak in February 2023 with a 40% month-to-month increase in exports. However, the value of peanut butter exports declined to $3M in November 2023.
477
The price of Canned Pineapple in June 2023 was $1,065 per ton (FOB, Thailand), which was similar to the previous month.
8801
In 2015, the countries with the highest levels of nut production were China (X thousand tons), Mexico (X thousand tons), Indonesia (X thousand tons), together accounting for X% of total output.
2013
Turkey is one of the leaders in the global nut trade. In 2014, Turkey exported X thousand tons of nuts totaling X million USD, X% over the previous year. Its primary trading partner was Italy, where it supplied X% of its total nut exports in
1174
Thailand dominates in the global trade of prepared or preserved pineapples. In 2014, Thailand exported X thousand tons of prepared or preserved pineapples totaling X million USD, which was X million USD less than the year before. Its primary trad
