Wheat and meslin flour and cereals market in Thailand

Earlier Report Observations

The market volume for wheat and meslin flour and cereals in Thailand experienced considerable fluctuations between 2018 and 2022. Starting at 1 092 thousand tons in 2018, consumption declined to 774 thousand tons in 2022, with the market value following a similar trend from 765.7 million USD down to 584.8 million USD.

A sharp reversal occurred in 2023, with the market volume rebounding strongly to 1 178 thousand tons and its value jumping to 927.5 million USD, surpassing pre-2022 levels. This recovery established a new high point for the period.

Entering 2024, new regulatory and consumer trends emerged. The implementation of the Certification of Organisms Developed from Genome Editing Technology for Agricultural Use aimed to position Thailand as a global agricultural innovation leader, potentially affecting raw material development. Concurrently, recovering purchasing power, the expansion of modern retail, and significant growth in e-commerce began reshaping distribution channels and consumer access to food products and ingredients.

Production wheat and meslin flour and cereals in Thailand

In kind, 2017-2020, K t

Top producers of wheat and meslin flour and cereals, 2017-2020

World map of production of wheat and meslin flour and cereals, 2017-2020

Thailand's production of wheat and meslin flour and cereals reached its highest point in 2019 at 920.0 thousand tons. However, in 2020, output fell sharply to 760.3 thousand tons, representing a significant year-over-year decline of 17.4%. Over the period from 2017 to 2020, production decreased by 15.5%, which translates to an average annual decline rate of 5.5%.

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

In value, 2017-2020, M $ US

Thailand's wheat and meslin flour and cereals production has declined for three consecutive years. In 2020, the output was valued at 577.3 million US dollars, marking a moderate decrease of 5.1% compared to 2019. From 2017 to 2020, production fell by 19.3%, equivalent to an annualized decline rate of 6.9%.

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

Exports wheat and meslin flour and cereals from Thailand

Exports in kind, K t

The data shows irregular changes, indicating a volatile market environment. In 2019, wheat and meslin flour and cereals exports from Thailand hit their lowest point at 6.4 thousand tons, with the largest decline recorded at 53.4%. By 2020, exports surged to 16.9 thousand tons, representing a steep year-over-year increase of 165.2%. Overall, export volumes varied by 2.7 times between the low in 2019 and the high in 2020.

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

From 2017 to 2020, Laos, Singapore, and Cambodia consistently held the leading positions in Thailand's export structure by volume. Laos accounted for 43.5% of exports, Singapore for 16.3%, and Cambodia for 11.0%. Together, these three countries represented 70.8% 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, K $ US

The market exhibited volatility during the observed period. In 2019, wheat and meslin flour and cereals exports from Thailand reached their minimum value at 4 205 thousand US dollars, with the largest decline recorded at 60.3%. By 2020, exports rose sharply to 12 813 thousand US dollars, marking a significant gain of 204.7% compared to the previous year. The peak-to-trough amplitude between 2019 and 2020 was 3 times.

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

Between 2017 and 2020, three key markets—Laos, Singapore, and Cambodia—collectively accounted for 70.1% of the total value of wheat and meslin flour and cereals exports from Thailand.

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

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

Imports wheat and meslin flour and cereals to Thailand

Imports in kind, K t

The data reveals irregular changes, pointing to a volatile market environment. In 2019, foreign wheat and meslin flour and cereals supplies to Thailand were at their lowest, totaling 89.5 thousand tons, with the largest decline recorded at 56.4%. The peak occurred in 2018 at 205.3 thousand tons. By 2020, imports increased to 183.9 thousand tons, marking a rise of 105.3% relative to the prior year. The peak-to-trough ratio between 2018 and 2019 was 2.3 times.

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

From 2017 to 2020, Vietnam, the Philippines, and Turkey remained the top destinations in Thailand's import structure by volume. Vietnam accounted for 42.8% of imports, the Philippines for 10.7%, and Turkey for 10.6%. Together, these three countries represented 64.1% of total import 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

The data indicates irregular changes, suggesting a volatile market environment. In 2019, cross-border shipments of wheat and meslin flour and cereals to Thailand were at their minimum, valued at 34 329 thousand US dollars, with the largest decline recorded at 55.5%. The maximum value was reached in 2018 at 77 126 thousand US dollars. By 2020, imports rose to 73 408 thousand US dollars, representing an increase of 113.8% compared to the previous year. The gap between the peak in 2018 and the trough in 2019 was 2.2-fold.

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

Between 2017 and 2020, Vietnam, the Philippines, and Singapore were the main destinations in the geographical breakdown of imports by value for wheat and meslin flour and cereals to Thailand. Vietnam accounted for 42.2% of imports, the Philippines for 10.9%, and Singapore for 9.8%. Together, these three countries made up 62.9% of total import flows.

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

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