Liqueurs and Cordials Price in Thailand - 2023
Contents:
- Liqueurs and Cordials Price in Thailand (CIF) - 2023
- Liqueurs and Cordials Price in Thailand (FOB) - 2023
- Liqueurs and Cordials Imports in Thailand
- Liqueurs and Cordials Exports in Thailand
Liqueurs and Cordials Price in Thailand (CIF) - 2023
The average liqueurs and cordials import price stood at $4.5 per litre in July 2023, reducing by -2.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 33% against the previous month. The import price peaked at $5.1 per litre in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Ireland ($11.0 per litre), while the price for Belgium ($1.6 per litre) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Thailand (FOB) - 2023
In July 2023, the average liqueurs and cordials export price amounted to $13.4 per litre, waning by -12.7% against the previous month. Overall, the export price, however, saw a mild expansion. The growth pace was the most rapid in August 2022 an increase of 412% m-o-m. As a result, the export price reached the peak level of $58.2 per litre. From September 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($33.7 per litre), while the average price for exports to South Korea ($5.5 per litre) 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 Singapore (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Thailand
In 2022, supplies from abroad of liqueurs and cordialses was finally on the rise to reach 3.3M litres for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a noticeable shrinkage. Over the period under review, imports reached the peak figure at 3.6M litres in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, liqueurs and cordials imports surged to $13M in 2022. In general, imports, however, showed a perceptible decline. Imports peaked at $15M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Liqueurs and Cordials in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,215 | 1,744 | 2,283 | 3,413 | 15.5% |
| Japan | 1,198 | 1,288 | 1,114 | 2,208 | 22.6% |
| Vietnam | 3,455 | 2,993 | 1,596 | 2,086 | -15.5% |
| United States | 406 | 498 | 339 | 840 | 27.4% |
| Indonesia | N/A | N/A | N/A | 710 | 0% |
| France | 3,203 | 751 | 224 | 668 | -40.7% |
| Italy | 517 | 288 | 232 | 656 | 8.3% |
| Ireland | 767 | 564 | 75.4 | 524 | -11.9% |
| Belgium | 316 | 131 | 15.6 | 349 | 3.4% |
| South Korea | 135 | 192 | 87.0 | 260 | 24.4% |
| China | 52.1 | 2,022 | 209 | 249 | 68.4% |
| Spain | 54.8 | 42.1 | 15.3 | 204 | 55.0% |
| Australia | 2.5 | 1.6 | 2.2 | 145 | 287.1% |
| Others | 2,442 | 1,746 | 406 | 644 | -35.9% |
| Total | 14,765 | 12,262 | 6,599 | 12,958 | -4.3% |
Top Suppliers of Liqueurs and Cordials to Thailand in 2022:
- Vietnam (972.5K litres)
- Japan (578.5K litres)
- Germany (482.1K litres)
- Belgium (194.3K litres)
- Indonesia (191.7K litres)
- Italy (168.8K litres)
- South Korea (148.7K litres)
- United States (132.5K litres)
- France (119.9K litres)
- Ireland (66.0K litres)
- Australia (63.2K litres)
- China (57.1K litres)
- Spain (55.5K litres)
Liqueurs and Cordials Exports in Thailand
In 2022, approx. 1.4M litres of liqueurs and cordialses were exported from Thailand; rising by 8.1% compared with 2021. In general, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 77%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, liqueurs and cordials exports skyrocketed to $4.9M in 2022. Overall, exports, however, showed a deep downturn. Over the period under review, the exports attained the maximum at $9M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Liqueurs and Cordials in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | 2,093 | 1,983 | 2,474 | 8.7% |
| Singapore | 208 | 980 | 780 | 511 | 34.9% |
| India | 339 | 27.1 | 2.5 | 321 | -1.8% |
| Japan | 169 | 161 | 218 | 269 | 16.8% |
| Cambodia | 4,632 | 97.0 | 243 | 221 | -63.7% |
| China | 1,762 | 397 | 315 | 162 | -54.9% |
| South Korea | 355 | 56.6 | 5.7 | 152 | -24.6% |
| Vietnam | 312 | 87.8 | 48.4 | 57.2 | -43.2% |
| Others | 1,221 | 908 | 586 | 719 | -16.2% |
| Total | 8,997 | 4,807 | 4,181 | 4,886 | -18.4% |
Top Export Markets for Liqueurs and Cordials from Thailand in 2022:
- Myanmar (795.6K litres)
- Singapore (187.5K litres)
- Japan (72.2K litres)
- Cambodia (63.9K litres)
- South Korea (53.9K litres)
- India (29.9K litres)
- Vietnam (22.2K litres)
- China (15.1K litres)
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