Thailand: Sugar Cane Market 2022

Sugar Cane Market Size in Thailand

In 2021, after two years of decline, there was significant growth in the Thai sugar cane market, when its value increased by X% to $X. Over the period under review, consumption, however, saw a pronounced decline. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Sugar Cane Production in Thailand

In value terms, sugar cane production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Sugar cane production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

In 2021, the average yield of sugar cane in Thailand soared to X tons per ha, with an increase of X% compared with the year before. In general, the yield, however, showed a noticeable downturn. Over the period under review, the average sugar cane yield reached the peak level at X tons per ha in 2012; however, from 2013 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of sugar cane were harvested in Thailand; with an increase of less than X% compared with the previous year. Over the period under review, the total harvested area indicated pronounced growth from 2012 to 2021: its figure increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sugar cane harvested area increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to sugar cane production reached the maximum in 2021 and is expected to retain growth in years to come.

Sugar Cane Exports

Exports from Thailand

In 2021, shipments abroad of sugar cane decreased by -X% to X tons, falling for the fourth consecutive year after six years of growth. In general, exports showed a sharp contraction. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, sugar cane exports contracted sharply to $X in 2021. Overall, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for sugar cane exports from Thailand, accounting for a X% share of total exports. Moreover, sugar cane exports to Malaysia exceeded the volume sent to the second major destination, Cambodia (X kg), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia totaled -X%.

In value terms, the largest markets for sugar cane exported from Thailand were Malaysia ($X) and Cambodia ($X terms of the main countries of destination, Malaysia, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average sugar cane export price stood at $X per ton in 2021, jumping by X% against the previous year. Over the period under review, the export price, however, faced a abrupt downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+X%).

Sugar Cane Imports

Imports into Thailand

In 2021, imports of sugar cane into Thailand dropped significantly to X kg, with a decrease of -X% against the previous year. Overall, imports recorded a dramatic decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, sugar cane imports declined significantly to $X in 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Philippines (X kg) was the main sugar cane supplier to Thailand, with a approx. X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the Philippines was relatively modest.

In value terms, the Philippines ($X) constituted the largest supplier of sugar cane to Thailand.

From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines was relatively modest.

Import Prices by Country

In 2021, the average sugar cane import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price enjoyed significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the Philippines.

From 2012 to 2021, the rate of growth in terms of prices for the Philippines amounted to X% per year.

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