Thailand - Lactose And Lactose Syrup - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLactose Price in Thailand - 2023
Contents:
- Lactose Price in Thailand (CIF) - 2023
- Lactose Price in Thailand (FOB) - 2023
- Lactose Imports in Thailand
- Lactose Exports in Thailand
Lactose Price in Thailand (CIF) - 2023
In September 2023, the average lactose import price amounted to $1,487 per ton, falling by -6.3% against the previous month. Overall, the import price recorded a slight curtailment. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 38% month-to-month. As a result, import price reached the peak level of $2,105 per ton. From December 2022 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 New Zealand ($3,289 per ton), while the price for Israel ($952 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 the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Lactose Price in Thailand (FOB) - 2023
The average lactose export price stood at $3,711 per ton in September 2023, shrinking by -34.2% against the previous month. In general, the export price, however, showed a strong expansion. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 143% month-to-month. Over the period under review, the average export prices attained the peak figure at $5,646 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a 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 China ($7,199 per ton), while the average price for exports to Singapore ($841 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 Vietnam (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Lactose Imports in Thailand
For the fourth year in a row, Thailand recorded growth in overseas purchases of lactose and lactose syrup, which increased by 0.4% to 26K tons in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, lactose imports expanded significantly to $41M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.2% 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 +87.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Lactose in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.9 | 15.3 | 19.3 | 19.1 | 29.0% |
| Germany | 5.8 | 4.1 | 5.7 | 5.5 | -1.8% |
| Netherlands | 1.0 | 1.6 | 1.8 | 4.8 | 68.7% |
| New Zealand | 2.6 | 2.9 | 2.7 | 3.6 | 11.5% |
| Italy | 0.5 | 0.7 | 1.6 | 2.6 | 73.2% |
| Israel | 1.0 | 0.9 | 2.2 | 2.3 | 32.0% |
| Denmark | 1.2 | 2.1 | 3.6 | 1.8 | 14.5% |
| China | 0.5 | 0.7 | 0.4 | 0.5 | 0.0% |
| Others | 0.2 | 0.3 | 0.7 | 0.4 | 26.0% |
| Total | 21.7 | 28.5 | 38.0 | 40.6 | 23.2% |
Top Suppliers of Lactose to Thailand in 2022:
- United States (13.7K tons)
- Germany (2.8K tons)
- Netherlands (2.3K tons)
- Italy (1.9K tons)
- Israel (1.6K tons)
- New Zealand (1.4K tons)
- Denmark (1.3K tons)
- China (0.4K tons)
Lactose Exports in Thailand
In 2022, approx. 355 tons of lactose and lactose syrup were exported from Thailand; picking up by 175% against 2021. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, lactose exports soared to $792K in 2022. In general, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Lactose in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 374 | 87.8 | 20.9 | 480 | 8.7% |
| Vietnam | 11.1 | 6.7 | 44.8 | 78.5 | 91.9% |
| China | 0.5 | 64.1 | N/A | 67.0 | 411.7% |
| Lao People's Democratic Republic | 4.2 | 37.9 | 24.5 | 42.7 | 116.6% |
| Malaysia | 0.1 | 39.3 | 37.9 | 26.3 | 540.7% |
| Singapore | 5.9 | 8.3 | 11.4 | 12.1 | 27.1% |
| Bangladesh | N/A | N/A | 2.5 | 8.4 | 236.0% |
| Australia | 87.1 | 211 | 4.6 | N/A | -77.0% |
| Others | 51.7 | 106 | 136 | 76.5 | 14.0% |
| Total | 534 | 561 | 283 | 792 | 14.0% |
Top Export Markets for Lactose from Thailand in 2022:
- Australia (undefined tons)
- Myanmar (166.4 tons)
- China (46.5 tons)
- Bangladesh (31.6 tons)
- Malaysia (30.1 tons)
- Vietnam (19.3 tons)
- Lao People's Democratic Republic (16.9 tons)
- Singapore (12.4 tons)
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.
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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
-
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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