Thailand - Cheese and Curd - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCheese and Curd Price in Thailand - 2023
Contents:
- Cheese and Curd Price in Thailand (CIF) - 2023
- Cheese and Curd Price in Thailand (FOB) - 2023
- Cheese and Curd Imports in Thailand
- Cheese and Curd Exports in Thailand
Cheese and Curd Price in Thailand (CIF) - 2023
In September 2023, the average cheese and curd import price amounted to $5,482 per ton, which is down by -4.2% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average import price increased by 8.8% m-o-m. As a result, import price attained the peak level of $6,541 per ton. From April 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Denmark ($9,465 per ton), while the price for Belgium ($4,218 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.1%), while the prices for the other major suppliers experienced a decline.
Cheese and Curd Price in Thailand (FOB) - 2023
The average cheese and curd export price stood at $7,341 per ton in September 2023, rising by 25% against the previous month. Over the period under review, export price indicated modest growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, cheese and curd export price decreased by -10.9% against June 2023 indices. The pace of growth was the most pronounced in June 2023 an increase of 68% month-to-month. Over the period under review, the average export prices attained the maximum at $9,009 per ton in March 2023; however, from April 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Japan ($9,001 per ton), while the average price for exports to Vietnam ($5,485 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Cheese and Curd Imports in Thailand
For the fourth year in a row, Thailand recorded growth in purchases abroad of cheese and curd, which increased by 6.9% to 19K tons in 2022. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 8.8% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, cheese and curd imports soared to $106M in 2022. The total import value increased at an average annual rate of +9.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cheese and Curd in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 18.5 | 24.2 | 33.9 | 37.9 | 27.0% |
| Australia | 22.8 | 28.3 | 21.4 | 30.0 | 9.6% |
| United States | 6.9 | 7.0 | 7.0 | 8.9 | 8.9% |
| Italy | 4.5 | 3.2 | 3.3 | 5.7 | 8.2% |
| France | 5.0 | 4.3 | 3.4 | 4.7 | -2.0% |
| Belgium | 3.9 | 3.4 | 7.0 | 4.3 | 3.3% |
| Germany | 2.9 | 2.4 | 2.3 | 3.6 | 7.5% |
| United Kingdom | 2.4 | 1.2 | 1.7 | 0.7 | -33.7% |
| Others | 12.6 | 10.3 | 10.2 | 9.9 | -7.7% |
| Total | 79.5 | 84.4 | 90.2 | 106 | 10.1% |
Top Suppliers of Cheese and Curd to Thailand in 2022:
- New Zealand (7.5K tons)
- Australia (5.7K tons)
- United States (1.6K tons)
- Belgium (1.0K tons)
- Italy (0.8K tons)
- France (0.6K tons)
- Germany (0.6K tons)
- United Kingdom (0.1K tons)
Cheese and Curd Exports in Thailand
Cheese and curd exports from Thailand skyrocketed to 983 tons in 2022, rising by 45% on the previous year's figure. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.1% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cheese and curd exports surged to $5.9M in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cheese and Curd in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 2,226 | 1,988 | 2,394 | 3,445 | 15.7% |
| Japan | 49.2 | 242 | 306 | 705 | 142.9% |
| China | 296 | 405 | 490 | 454 | 15.3% |
| Lao People's Democratic Republic | 541 | 152 | 387 | 434 | -7.1% |
| Philippines | 63.8 | 8.8 | 117 | 218 | 50.6% |
| Hong Kong SAR | 445 | 295 | 745 | 216 | -21.4% |
| Myanmar | 581 | 448 | 113 | 120 | -40.9% |
| Maldives | 147 | 42.1 | 66.2 | 112 | -8.7% |
| Singapore | 118 | 0.1 | 70.4 | 78.7 | -12.6% |
| Others | 220 | 548 | 121 | 145 | -13.0% |
| Total | 4,688 | 4,129 | 4,811 | 5,928 | 8.1% |
Top Export Markets for Cheese and Curd from Thailand in 2022:
- Cambodia (609.1 tons)
- China (86.4 tons)
- Japan (76.9 tons)
- Lao People's Democratic Republic (55.0 tons)
- Philippines (45.7 tons)
- Hong Kong SAR (37.0 tons)
- Singapore (20.1 tons)
- Myanmar (19.4 tons)
- Maldives (15.7 tons)
This report provides an in-depth analysis of the cheese and curd 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 901 - Cheese from Whole Cow Milk
- FCL 904 - Cheese from Skimmed Cow Milk
- FCL 905 - Whey Cheese
- FCL 907 - Processed Cheese
- FCL 955 - Cheese of Buffalo Milk
- FCL 984 - Cheese of Sheep Milk
- FCL 1021 - Cheese of Goat 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 cheese and curd market in Thailand.
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