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Thailand - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Jan 26, 2024

Thailand's November 2023 Import of Lactose Soars by 25% to $3.5M

Thailand Lactose Imports

In November 2023, supplies from abroad of lactose and lactose syrup was finally on the rise to reach 3.2K tons for the first time since August 2023, thus ending a two-month declining trend. In general, total imports indicated a buoyant increase from November 2022 to November 2023: its volume increased at an average monthly rate of +6.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, imports increased by +60.8% against October 2023 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lactose imports soared to $3.5M (IndexBox estimates) in November 2023. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 with an increase of 30% against the previous month. As a result, imports attained the peak of $5.3M. From June 2023 to November 2023, the growth of imports remained at a lower figure. Thailand Lactose Imports By Country (Thousand USD)

COUNTRY	Import Value of Lactose in Thailand (thousand USD)
COUNTRY	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023
United States	981	1,737	1,645	2,142	3,030	1,985	2,399	2,053	1,758	1,443	1,551	1,842	2,639
Germany	526	501	1,017	715	272	906	1,154	914	263	786	726	631	572
Denmark	N/A	52.9	330	N/A	204	69.5	142	214	219	148	127	160	96.3
Netherlands	843	526	330	59.2	516	304	511	244	5.8	217	N/A	106	86.5
New Zealand	392	419	407	678	190	456	835	258	694	273	460	N/A	N/A
Others	504	375	339	294	106	335	245	124	272	528	276	33.3	76.0
Total	3,247	3,611	4,068	3,888	4,316	4,055	5,287	3,807	3,212	3,394	3,141	2,772	3,470

Imports by Country

In November 2023, the United States (2.5K tons) constituted the largest supplier of lactose to Thailand, with a 78% share of total imports. Moreover, lactose imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (538 tons), fivefold. Denmark (63 tons) ranked third in terms of total imports with a 2% share.

From November 2022 to November 2023, the average monthly rate of growth in terms of volume from the United States totaled +11.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+7.5% per month) and Denmark (+2.5% per month).

In value terms, the United States ($2.6M) constituted the largest supplier of lactose to Thailand, comprising 76% of total imports. The second position in the ranking was held by Germany ($572K), with a 16% share of total imports. It was followed by Denmark, with a 2.8% share.

From November 2022 to November 2023, the average monthly growth rate of value from the United States amounted to +8.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+0.7% per month) and Denmark (+5.6% per month).

Import Prices by Country

In November 2023, the lactose price amounted to $1,101 per ton (CIF, Thailand), waning by -22.1% against the previous month. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in April 2023 an increase of 17% m-o-m. Over the period under review, average import prices reached the peak figure at $2,105 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($2,163 per ton), while the price for Germany ($1,063 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lactose market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10515400 - Lactose and lactose syrup (including chemically pure lactose)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Thailand - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights

Thailand's November 2023 Import of Lactose Soars by 25% to $3.5M

Thailand Lactose Imports

Imports by Country

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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