Dried mushrooms market in Thailand

Earlier Report Observations

The market volume for dried mushrooms in Thailand showed considerable variation between 2018 and 2022. It reached a peak of 15.3 thousand tons in 2019, followed by a contraction to 11.9 thousand tons in 2020 and a modest recovery to 13.6 thousand tons by 2022. This period was characterized by a steady decline in import volumes, which fell from 21.4 thousand tons in 2018 to 12.3 thousand tons in 2022, while domestic production fluctuated between 2.6 and 3.6 thousand tons.

A sharp turning point occurred in 2023, when the total market volume contracted by 36% to 8.7 thousand tons. This decline was primarily driven by government-recommended measures to limit mushroom imports, aimed at protecting domestic producers from cheaper Chinese supplies. Concurrently, a shift in consumer preferences towards organic and processed mushroom products stimulated investment in value-added processing and the adoption of automated cultivation systems to improve quality and efficiency.

Into 2024, pressures on import volumes persisted due to Thailand's ongoing trade deficit and stricter enforcement of laws against illegal imports, further constraining supply. These regulatory and trade policy measures, coupled with continued support for domestic agricultural adaptation, defined the trade dynamics for dried mushrooms in the latter part of the period.

Production dried mushrooms in Thailand

In kind, 2017-2020, t

From 2017 to 2020, Thailand consistently ranked fifth globally in dried mushroom production.

Top producers of dried mushrooms, 2017-2020

World map of production of dried mushrooms, 2017-2020

Thailand's dried mushroom production grew for the third consecutive year. In 2020, the country produced 3 646 tonnes, marking a 22.6% increase from the previous year. Over the 2017-2020 period, production rose by 66.7%, with an average annual growth rate of 18.6%.

Annual dynamics of production in Thailand in kind, 2017-2020, t

Exports dried mushrooms from Thailand

Exports in kind, t

The market showed an unstable trend during this period. Exports reached their lowest point in 2019 at 708 tonnes and peaked in 2018 at 9 706 tonnes, representing a 13.7-fold difference. In 2020, Thailand exported 2 363 tonnes of dried mushrooms, a 233.8% surge from the previous year. The sharpest decline occurred in 2019, falling by 92.7%.

Annual dynamics of product's exports from Thailand in kind, 2017-2020, t

From 2017 to 2020, China, Myanmar, and Laos consistently led Thailand's dried mushroom exports by volume. China accounted for 40.8% of exports, Myanmar for 18.7%, and Laos for 16.5%, together making up 76.0% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Thailand in kind, 2017-2020

Exports in value, M $ US

The data reveals irregular changes, indicating a volatile market environment. Exports hit their lowest point in 2019 at 2.7 million US dollars and peaked in 2018 at 28.3 million US dollars, a 10.4-fold variation. In 2020, dried mushroom exports from Thailand reached 7.5 million US dollars, up 176.5% from 2019. The largest decline was recorded in 2019 at 90.4%.

Annual dynamics of product's exports from Thailand in value, 2017-2020, M $ US

From 2017 to 2020, Laos, China, and Vietnam dominated Thailand's dried mushroom exports by value. Laos held a 31.0% share, China 17.8%, and Vietnam 17.1%, collectively representing 65.9% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Thailand in value, 2017-2020

Imports dried mushrooms to Thailand

Imports in kind, t

Thailand's dried mushroom imports declined for the second year in a row. In 2020, imports totaled 10 637 tonnes, down 18.5% from the previous year. Over the 2017-2020 period, imports fell by 24.3%, with an average annual decline of 8.9%. The highest import volume was recorded in 2018 at 21 354 tonnes. The largest drop occurred in 2019 at 38.9%, while the biggest increase was in 2018 at 52.0%.

Annual dynamics of product's imports to Thailand in kind, 2017-2020, t

From 2017 to 2020, China was the primary and nearly exclusive source for Thailand's dried mushroom imports by volume, accounting for 100.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Thailand in kind, 2017-2020

Imports in value, M $ US

Volatility characterized the market during these years. Imports reached their lowest point in 2020 at 109.7 million US dollars and peaked in 2018 at 240.5 million US dollars, a 2.2-fold difference. In 2020, Thailand's dried mushroom import value fell sharply by 35.6% compared to 2019. The largest increase was recorded in 2018 at 101.9%.

Annual dynamics of product's imports to Thailand in value, 2017-2020, M $ US

From 2017 to 2020, China effectively dominated Thailand's dried mushroom imports by value, with a 100.0% share of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Thailand in value, 2017-2020