Dried shelled legumes market in Thailand

Earlier Report Observations

The market volume for dried shelled legumes in Thailand grew from 419.6 thousand tons in 2018 to a peak of 461.6 thousand tons in 2020, then moderated to 449.1 thousand tons by 2023. In value terms, the market expanded to over $500 million in 2020-2021 before contracting to $417.4 million in 2023.

International trade flows became more prominent, with export values reaching $5.39 million in 2022 driven by fast-growing shipments to Pakistan, Cambodia, and the Philippines. Imports in the same year were increasingly sourced from the United States, India, and Australia.

Domestic production remained steady throughout the period, averaging approximately 432 thousand tons annually from 2020 onward, providing a stable base for the market.

Production dried shelled legumes in Thailand

In kind, 2017-2020, K t

Top producers of dried shelled legumes, 2017-2020

World map of production of dried shelled legumes, 2017-2020

Thailand's production of dried shelled legumes has increased for the second consecutive year. In 2020, the country produced 436.9 thousand tons, marking a 1.3% year-over-year improvement. Looking at the period from 2017 to 2020, production grew by 3.3%, which translates to an annualized rate of 1.1%. The lowest production level was recorded in 2018 at 420.3 thousand tons, with the largest decline that year at 0.6%. In contrast, 2019 saw the largest increase at 2.7%.

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

In value, 2017-2020, M $ US

Thailand's production of dried shelled legumes has risen for the second year in a row. In 2020, the output was valued at 490.6 million US dollars, representing a 9.9% advance compared to the previous year. From 2017 to 2020, production increased by 20.2%, equating to an annualized growth rate of 6.3%. The minimum value occurred in 2018 at 369.6 million US dollars, with the largest decline that year at 9.5%. The largest increase was recorded in 2019 at 20.8%.

Annual dynamics of production in Thailand in value, 2017-2020, M $ US

Exports dried shelled legumes from Thailand

Exports in kind, t

The market exhibited significant volatility during this period. Exports reached their lowest point in 2019 at 18 441 tons, with the largest decline that year at 58.1%. They peaked in 2017, showing a threefold difference between these years. In 2020, Thailand's exports of dried shelled legumes totaled 31 853 tons, reflecting a sharp uptick of 72.7% year-over-year.

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

From 2017 to 2020, Thailand's export partner portfolio for dried shelled legumes in kind was quite broad. Vietnam accounted for 19.3% of exports, China for 15.8%, and Pakistan for 10.0%, with these three countries together representing 45.1% of total 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, K $ US

Market performance showed noticeable fluctuations during these years. Export volumes hit their lowest in 2019 at 19 074 thousand US dollars, with the largest decline that year at 50.8%. They peaked in 2017, with a top-to-bottom ratio of 2.8 times. In 2020, Thailand's exports of dried shelled legumes totaled 35 761 thousand US dollars, which is 87.5% higher compared to 2019.

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

In the period from 2017 to 2020, the partner structure for exports in value terms was balanced rather than concentrated. Vietnam represented 16.1% of exports, the United States 14.2%, and China 13.5%, jointly accounting for 43.8% of total flows. Many other countries made up the remaining 56.2%.

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 shelled legumes to Thailand

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2019 at 9 437 tons, with the largest decline that year at 78.2%. They peaked in 2020, showing a sixfold difference between these years. Thailand imported 56 523 tons of dried shelled legumes in 2020, which is 499.0% greater relative to the prior year.

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

Throughout 2017 to 2020, Myanmar, Australia, and Canada formed the key group of partners for imports in kind of dried shelled legumes to Thailand. Myanmar accounted for 42.7% of imports, Australia for 9.8%, and Canada for 8.8%, jointly representing 61.3% 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, K $ US

Volatility characterized the market behavior during these years. Import volumes hit a low in 2019 at 6 715 thousand US dollars, with the largest decline that year at 78.7%. They peaked in 2020, with a top-to-bottom ratio of 7.7 times. In 2020, Thailand imported dried shelled legumes valued at 6 715 thousand US dollars, which is 668.4% greater compared to the previous year.

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

Over the period from 2017 to 2020, Myanmar, Australia, and China headed the ranking of suppliers of dried shelled legumes to Thailand in value terms. Myanmar accounted for 42.6% of imports, Australia for 10.6%, and China for 9.4%, with their combined share reaching 62.6% of total imports.

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

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