Thailand - Butter - Market Analysis, Forecast, Size, Trends and Insights
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View PricingButter Price in Thailand - 2023
Contents:
- Butter Price in Thailand (CIF) - 2023
- Butter Price in Thailand (FOB) - 2022
- Butter Imports in Thailand
- Butter Exports in Thailand
Butter Price in Thailand (CIF) - 2023
The average butter import price stood at $7,411 per ton in September 2023, surging by 15% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 17% against the previous month. The import price peaked at $8,502 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was France ($7,839 per ton), while the price for New Zealand amounted to $6,630 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by New Zealand (-0.2%).
Butter Price in Thailand (FOB) - 2022
In 2022, the average butter export price amounted to $2,906 per ton, falling by -4.3% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter export price decreased by -25.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 56%. As a result, the export price attained the peak level of $3,883 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($7,073 per ton), while the average price for exports to Myanmar ($1,596 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.
Butter Imports in Thailand
In 2022, approx. 2.8K tons of butter were imported into Thailand; with a decrease of -6.1% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of 2.9K tons, and then fell in the following year.
In value terms, butter imports expanded modestly to $21M in 2022. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 77% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Butter in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 6.7 | 5.7 | 9.6 | 10.4 | 15.8% |
| France | 4.2 | 4.1 | 8.3 | 7.7 | 22.4% |
| Finland | 0.2 | 0.7 | 1.2 | 1.5 | 95.7% |
| Belgium | 0.8 | 0.6 | 0.8 | 0.5 | -14.5% |
| Others | 1.0 | 0.5 | 0.6 | 0.7 | -11.2% |
| Total | 12.9 | 11.6 | 20.5 | 20.8 | 17.3% |
Top Suppliers of Butter to Thailand in 2022:
- New Zealand (1406.0 tons)
- France (921.7 tons)
- Finland (285.8 tons)
- Belgium (64.9 tons)
Butter Exports in Thailand
In 2022, the amount of butter exported from Thailand surged to 733 tons, picking up by 82% on the previous year's figure. In general, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, butter exports soared to $2.1M in 2022. Over the period under review, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Butter in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 686 | 294 | 510 | 772 | 4.0% |
| Myanmar | 59.4 | 181 | 175 | 482 | 100.9% |
| Lao People's Democratic Republic | 248 | 243 | 303 | 333 | 10.3% |
| Vietnam | 167 | 156 | 117 | 262 | 16.2% |
| Cambodia | 497 | 136 | 104 | 258 | -19.6% |
| Others | 27.0 | 14.5 | 18.1 | 22.6 | -5.8% |
| Total | 1,685 | 1,025 | 1,226 | 2,131 | 8.1% |
Top Export Markets for Butter from Thailand in 2022:
- Myanmar (302.0 tons)
- Lao People's Democratic Republic (140.6 tons)
- Philippines (109.2 tons)
- Vietnam (103.0 tons)
- Cambodia (73.0 tons)
This report provides an in-depth analysis of the butter 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:
- FCL 886 - Butter of Cow Milk
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the butter market in Thailand.
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This report provides an in-depth analysis of the butter and ghee market in Thailand.
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This report provides an in-depth analysis of the market for butter and dairy spreads in Thailand.
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This report provides an in-depth analysis of the ghee market in Thailand.
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This report provides an in-depth analysis of the dairy produce market in Thailand.
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This report provides an in-depth analysis of the dairy spread market in Thailand.
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This report provides an in-depth analysis of the global butter market.
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This report provides an in-depth analysis of the global butter and ghee market.
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This report provides an in-depth analysis of the global market for butter and dairy spreads.
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This report provides an in-depth analysis of the global ghee market.
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In August 2023, the growth of Butter was the most rapid with a staggering 133% month-over-month increase. However, in September 2023, the value of butter imports notably contracted to $1.3M.
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In May 2023, ghee imports experienced a significant growth rate, increasing by 151% compared to the previous month. Furthermore, the value of ghee imports soared to $5.1M in July 2023.
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This year global butter production is anticipated to keep up with ha last year, amounting to 5.6M tons. The EU is forecast to decrease butter exports due to a slight drop in production amid an increase in demand. Butter exports from New Zealand are not forecast to grow due to increased competition with UHT cream for food service being increasingly in demand.
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The global trade in butter amounted to X million USD in 2015, fluctuating wildly over the period under review. A significant drop in 2009 was followed by a recovery over the next two years, until exports decreased again
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New Zealand continued its dominance in the global butter trade. In 2014, New Zealand exported X thousand tons of butter totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its tota
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Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
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Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
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Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
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In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
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The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
