Grapefruit Market Overview in Thailand
In value terms, grapefruit production contracted notably to $ in estimated in export prices. Overall, the total production indicated a slight increase from 2007 to : its value decreased at an average annual rate of -% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2018 indices. The growth pace was the most rapid in 2011 when the production volume increased by % y-o-y. Over the period under review, production reached the peak level at $ in 2018; however, from 2019 to , production remained at a lower figure.
In , the average yield of grapefruits in Thailand amounted to tonnes per ha, with an increase of % against 2019. Over the period under review, the yield recorded moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. The grapefruit yield peaked in and is likely to continue growth in the immediate term. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , approx. ha of grapefruits were harvested in Thailand; dropping by -% against the previous year. In general, the harvested area recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when the harvested area increased by % y-o-y. Over the period under review, the harvested area dedicated to grapefruit production reached the peak figure at ha in 2008; however, from 2009 to , the harvested area stood at a somewhat lower figure.
The size of the grapefruit market in Thailand dropped markedly to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of % year-to-year. Grapefruit consumption peaked at $ in 2019, and then reduced dramatically in the following year.