Vegetable puree market in Thailand

Earlier Report Observations

The market volume for vegetable puree in Thailand increased from 3,890 tons in 2018 to 4,962 tons in 2023, representing overall growth of over 1,000 tons. This period was marked by significant volatility, with the market reaching its highest point of 5,020 tons in 2022.

After a substantial rise of 13% in 2019, growth moderated in 2020. A slight decline occurred in 2021, but the market rebounded strongly the following year with a 16% surge. Volume then stabilized in 2023 with a minor decrease of 1%.

The overall expansion was supported by changes in domestic production and trade patterns, particularly notable fluctuations in export volumes which influenced the total available market supply.

Production vegetable puree in Thailand

In kind, 2017-2020, t

Thailand was one of the world's top producers of vegetable puree from 2017 to 2020, ranking 6th globally by production volume during this period.

Top producers of vegetable puree, 2017-2020

World map of production of vegetable puree, 2017-2020

Thailand's vegetable puree production declined for the third year in a row. In 2020, the country produced 5 512 tons, showing a slight year-over-year drop of 0.9%. Overall, from 2017 to 2020, production fell by 3.1%, which translates to an average annual decrease of 1.1%.

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

Exports vegetable puree from Thailand

Exports in kind, t

Vegetable puree exports from Thailand also fell for the third consecutive year. In 2020, Thailand exported 1 033 tons, down 11.8% compared to the previous year. Over the 2017-2020 period, exports dropped significantly by 49.3%, with a compound annual growth rate of -20.3%.

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

From 2017 to 2020, the largest buyers of Thai vegetable puree by volume were Australia, accounting for 20.5% of exports, the United States at 20.0%, and Malaysia with 19.2%. Together, these three countries made up 59.7% of Thailand's total vegetable puree exports in kind.

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

In value terms, vegetable puree exports from Thailand decreased for the third straight year. In 2020, exports totaled 4 291 thousand US dollars, a 3.0% decline year-over-year. Between 2017 and 2020, the value of exports fell by 23.6%, averaging an 8.6% annualized decrease.

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

From 2017 to 2020, the United States was the leading buyer by value, making up 35.3% of Thailand's vegetable puree exports, followed by Australia at 30.6%, and Malaysia with 5.3%. Combined, these three markets represented 71.1% of the total export value.

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

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

Imports vegetable puree to Thailand

Imports in kind, t

Thailand's vegetable puree imports declined for the second year in a row. In 2020, imports stood at 12 tons, down 13.6% from 2019. Over the 2017-2020 period, imports fell by 45%, with an average annual rate of -18.1%. The peak was in 2018 at 21 tons, while the sharpest drop occurred in 2019 with a 36.8% decrease. A minor increase of 0.7% was recorded in 2018.

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

Between 2017 and 2020, Sweden was the top source for Thailand's vegetable puree imports by volume, contributing 44.6%, followed by Australia at 30.1%, and the United States with 19.6%. These three countries together accounted for 94.4% of Thailand's total imports in kind.

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

The import market showed volatility during the observed period. Imports hit their lowest point in 2019 at 66 thousand US dollars and peaked in 2018 at 469 thousand US dollars, resulting in a 7.2-fold difference between these years. In 2020, imports rebounded to 139 thousand US dollars, marking a 112.3% increase from the previous year. The largest decline was in 2019, with an 86.0% drop.

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

From 2017 to 2020, the United States dominated Thailand's vegetable puree imports by value, representing 55.3%, followed by New Zealand at 18.6%, and Sweden with 14.1%. Together, these three countries comprised 88.0% of the total import value.

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

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