Thailand - Dairy Produce - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDairy Produce Price in Thailand - 2023
Contents:
- Dairy Produce Price in Thailand (CIF) - 2022
- Dairy Produce Price in Thailand (FOB) - 2022
- Dairy Produce Imports in Thailand
- Dairy Produce Exports in Thailand
Dairy Produce Price in Thailand (CIF) - 2022
In 2022, the average dairy produce import price amounted to $4,365 per ton, with an increase of 20% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy produce import price increased by +41.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 38% against the previous year. Over the period under review, average import prices attained the maximum at $4,569 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($8,500 per ton), while the price for Belgium ($3,944 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Dairy Produce Price in Thailand (FOB) - 2022
In 2022, the average dairy produce export price amounted to $1,206 per ton, which is down by -10.6% against the previous year. Overall, the export price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,659 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($1,597 per ton), while the average price for exports to the Philippines ($894 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 Singapore (-0.8%), while the prices for the other major destinations experienced a decline.
Dairy Produce Imports in Thailand
In 2022, approx. 190K tons of dairy produce were imported into Thailand; growing by 1.8% against 2021 figures. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 2.6% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, dairy produce imports soared to $827M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +52.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Dairy Produce in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 289 | 330 | 379 | 499 | 20.0% |
| Australia | 79.3 | 78.9 | 89.0 | 117 | 13.8% |
| United States | 22.4 | 39.1 | 41.8 | 59.1 | 38.2% |
| Belgium | 33.2 | 31.7 | 31.3 | 34.4 | 1.2% |
| Netherlands | 16.8 | 20.3 | 23.1 | 26.3 | 16.1% |
| Ireland | 8.1 | 8.1 | 21.8 | 21.3 | 38.0% |
| France | 26.3 | 18.2 | 24.3 | 20.1 | -8.6% |
| Germany | 13.0 | 13.9 | 26.1 | 11.8 | -3.2% |
| Malaysia | 14.2 | 16.2 | 7.2 | 0.1 | -80.8% |
| Others | 40.1 | 35.8 | 36.6 | 38.1 | -1.7% |
| Total | 542 | 592 | 680 | 827 | 15.1% |
Top Suppliers of Dairy Produce to Thailand in 2022:
- Malaysia (undefinedK tons)
- New Zealand (115.7K tons)
- Australia (25.9K tons)
- United States (14.5K tons)
- Belgium (8.7K tons)
- Netherlands (6.2K tons)
- Ireland (5.1K tons)
- France (3.5K tons)
- Germany (2.8K tons)
Dairy Produce Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in shipments abroad of dairy produce, which increased by 14% to 238K tons in 2022. The total export volume increased at an average annual rate of +11.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 23% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, dairy produce exports reached $287M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 6.2% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Dairy Produce in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 73.4 | 73.1 | 72.5 | 70.3 | -1.4% |
| Philippines | 54.7 | 60.7 | 57.5 | 66.0 | 6.5% |
| Singapore | 43.8 | 50.4 | 48.2 | 46.0 | 1.6% |
| Lao People's Democratic Republic | 26.1 | 24.7 | 25.1 | 28.2 | 2.6% |
| Hong Kong SAR | 17.0 | 20.1 | 24.1 | 27.8 | 17.8% |
| Myanmar | 8.9 | 17.0 | 17.7 | 16.2 | 22.1% |
| Vietnam | 8.9 | 13.7 | 17.0 | 15.1 | 19.3% |
| Others | 28.0 | 17.2 | 19.7 | 17.2 | -15.0% |
| Total | 261 | 277 | 282 | 287 | 3.2% |
Top Export Markets for Dairy Produce from Thailand in 2022:
- Philippines (73.8K tons)
- Cambodia (47.4K tons)
- Singapore (39.6K tons)
- Lao People's Democratic Republic (22.5K tons)
- Hong Kong SAR (21.9K tons)
- Vietnam (12.6K tons)
- Myanmar (10.1K tons)
This report provides an in-depth analysis of the dairy produce 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 888 - Skim Milk of Cows
- FCL 1130 - Camel milk
- FCL 882 - Cow milk, whole (fresh)
- FCL 1020 - Goat milk
- FCL 982 - Sheep milk
- FCL 951 - Buffalo milk
- FCL 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim Cow Milk
- FCL 889 - Whole Milk, Condensed
- FCL 894 - Whole Milk, Evaporated
- FCL 895 - Skim Milk, Evaporated
- FCL 896 - Skim Milk, Condensed
- FCL 891 - Yoghurt
- FCL 983 - Butter and Ghee of Sheep Milk
- FCL 1022 - Butter of Goat Milk
- FCL 952 - Butter of Buffalo Milk
- FCL 886 - Butter of Cow Milk
- FCL 887 - Ghee from Cow Milk
- FCL 953 - Ghee, from Buffalo Milk
- 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
- FCL 885 - Cream, Fresh
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
- FCL 899 - Dry Buttermilk
- FCL 892 - Yoghurt, Concentrated or Unconcent
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 dairy produce 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 ghee market in Thailand.
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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 market for butter and dairy spreads 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 dairy produce 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 ghee market.
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This report provides an in-depth analysis of the global butter market.
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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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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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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.
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The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
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New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
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New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
