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THAI MARKET OVERVIEW

Thai Market Overview

Baby corn is an important commercial plant and export item of Thailand. Baby corn fresh, frozen and canned becomes more and more popular both in Thailand and abroad. It earns the country more than 1 billion baht each year. With a short period of cultivation, only 45-60 days, farmers can reap the crop and fetch 2,000-3,000 baht per rai. Also, there are few pests to disturb the plant. Moreover, parts of baby corn trees after harvests can be used as animal feed, especially for meat and milk cows.

In the global trade frame, Thailand is estimated to account for 80 percent of the world trade volume of baby corn. In 2000, Thailand exported fresh baby corn to approximately 30 countries, and preserved baby corn products to almost 100 countries.

In 2000,Thailand dominated the world baby corn trade with both fresh and canned products, thus having earned 1,731,942,373 baht from the export volume of 58,536,378 kilograms. The U.S. is Thailand's largest export market for canned baby corn, accounting for 42.75 percent of Thailand's total export volume and value of baby corn. As for fresh baby corn markets, Malaysia is the biggest importing countries with the share of around 50.70 percent of the export volume.

North America
Many countries in North America import baby corn products from Thailand. Among them, the U.S. is the most important since it is one of the largest baby corn markets for Thailand. Statistics in 2000 show that Thai canned baby corn imported by the country totals 19,921,331 kilograms, which is valued 483,780,792 baht. Thailand manufactures canned baby corn products in various package sizes, but a 1.5-kilogram can size conforms to industry standards, and is prevalently popular among food processors and the food-service industry. Food processors in the U.S. prefer to buy canned baby corn, and then make it into brined products packed in glass jars.
Europe
In this area, Thailand has to face competitors mostly from African countries such as Zimbabwe, Zambia, and Kenya. Sri Lanka is one big exporter in the European market.
U.K. is the largest market in Europe for fresh baby corn. With reference to Thai exports statistics, in 2000 the country imported from Thailand 1,033,181 kilograms fresh baby corn, which was valued at 99,096,772 baht. But, exports figures of canned baby corn exported to U.K. are higher than those of fresh one, reaching the export volume of 1,580,185 kilograms worth 44,314,781baht. However, there are some problems in this market. Namely, U.K. has a close tie with some baby corn exporting countries including Zimbabwe, Zambia, Kenya, Sri Lanka. This has resulted in a decrease in Thailand's market share.
Apart from U.K., Denmark is another big fresh baby corn importer for Thailand in 2000. It imported 36,766 kilograms worth 4,797,851 baht.
Bigger canned baby corn importer than U.K. is Germany, who imported 3,471,817 kilograms in 2000. It was valued at 90,402,590 baht. Another big canned baby corn importer is France, who, in 2000, imported 1,257,447,791 kilograms worth 42,079,931 baht.
Middle East
The import volume of baby corn in Middle East countries is mainly accounted for by the Netherlands. However, baby corn from the Netherlands, in fact, comes from Asia and Africa. The country just imports baby corn from other producers, and re-exports it to many countries in this region. Buyers in the Middle East generally import baby corn in the pre-packed form like European importers.
In the Middle East, Saudi Arabia is the largest importer of canned baby corn.
Asia
Among Thai fresh baby corn markets in Asia, Malaysia is the largest importing country followed by Japan. According statistics in 2000, Malaysia imported 2,088,000 kilograms worth 6,503,800 baht.
In 2000, Hong Kong imported from Thailand 35,205 kilograms of fresh baby corn, worth 1,531,404 baht. It imported canned baby corn more than fresh one, buying 1,377,219 kilograms valued at 35,917,069 baht. Hong Kong can be considered to substantially contribute to high export figures of Thai canned baby corn then. But in 2000, Singapore imported only 15,385 kilograms of fresh baby corn from Thailand and only 996,843 kilograms of canned baby corn, worth 24,997,592 baht.
 
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