Thailand - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPowdered Milk Price in Thailand - 2023
Contents:
- Powdered Milk Price in Thailand (CIF) - 2023
- Powdered Milk Price in Thailand (FOB) - 2023
- Powdered Milk Imports in Thailand
- Powdered Milk Exports in Thailand
Powdered Milk Price in Thailand (CIF) - 2023
In September 2023, the average powdered milk import price amounted to $3,112 per ton, shrinking by -1.9% against the previous month. Overall, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 9.7% m-o-m. The import price peaked at $4,359 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were New Zealand ($3,294 per ton) and Australia ($3,276 per ton), while the price for Finland ($2,690 per ton) and the United States ($2,841 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Ireland (+1.4%), while the prices for the other major suppliers experienced a decline.
Powdered Milk Price in Thailand (FOB) - 2023
The average powdered milk export price stood at $3,923 per ton in September 2023, shrinking by -7.4% against the previous month. Overall, the export price, however, enjoyed a moderate expansion. The growth pace was the most rapid in July 2023 when the average export price increased by 185% month-to-month. As a result, the export price attained the peak level of $7,779 per ton. From August 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($22,446 per ton), while the average price for exports to Japan ($1,504 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 (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.
Powdered Milk Imports in Thailand
For the fourth consecutive year, Thailand recorded growth in purchases abroad of powdered milk, which increased by 7.3% to 138K tons in 2022. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, powdered milk imports surged to $558M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.6% 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 +75.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Powdered Milk in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 198 | 236 | 264 | 362 | 22.3% |
| Australia | 30.8 | 36.1 | 52.3 | 62.8 | 26.8% |
| United States | 12.2 | 27.6 | 29.7 | 45.1 | 54.6% |
| Belgium | 28.0 | 26.2 | 22.2 | 27.5 | -0.6% |
| Netherlands | 9.5 | 12.4 | 19.1 | 19.9 | 28.0% |
| Ireland | 5.5 | 4.9 | 11.4 | 18.8 | 50.6% |
| France | 9.1 | 5.5 | 5.5 | 2.9 | -31.7% |
| Others | 24.7 | 19.6 | 32.5 | 19.0 | -8.4% |
| Total | 318 | 368 | 436 | 558 | 20.6% |
Top Suppliers of Powdered Milk to Thailand in 2022:
- New Zealand (89.5K tons)
- Australia (15.6K tons)
- United States (11.7K tons)
- Belgium (7.1K tons)
- Netherlands (4.7K tons)
- Ireland (4.5K tons)
- France (0.8K tons)
Powdered Milk Exports in Thailand
Powdered milk exports from Thailand fell to 7.4K tons in 2022, with a decrease of -12.1% compared with the previous year. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 27%.
In value terms, powdered milk exports fell significantly to $22M in 2022. In general, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of $29M, and then declined markedly in the following year.
| Export of Powdered Milk in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 10.8 | 5.0 | 5.1 | 5.6 | -19.7% |
| Myanmar | N/A | 4.0 | 6.0 | 4.8 | 9.5% |
| Lao People's Democratic Republic | 3.2 | 2.2 | 5.1 | 4.1 | 8.6% |
| Vietnam | N/A | 4.0 | 7.8 | 3.0 | -13.4% |
| Cambodia | 5.9 | 2.8 | 2.8 | 2.9 | -21.1% |
| Taiwan (Chinese) | 1.0 | 0.6 | 0.9 | 0.7 | -11.2% |
| United States | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 2.9 | 2.4 | 1.5 | 0.8 | -34.9% |
| Total | 24.1 | 21.2 | 29.5 | 22.3 | -2.6% |
Top Export Markets for Powdered Milk from Thailand in 2022:
- Japan (2635.2 tons)
- Lao People's Democratic Republic (1899.2 tons)
- Cambodia (1184.1 tons)
- Myanmar (807.8 tons)
- Taiwan (Chinese) (272.9 tons)
- United States (159.8 tons)
- Vietnam (154.5 tons)
This report provides an in-depth analysis of the powdered milk 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 897 - Dry Whole Cow Milk
- FCL 898 - Dry Skim 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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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 powdered milk market in Thailand.
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This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Thailand.
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This report provides an in-depth analysis of the market for evaporated and condensed milk in Thailand.
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This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Thailand.
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This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Thailand.
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This report provides an in-depth analysis of the skim powdered milk market in Thailand.
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This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Thailand.
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This report provides an in-depth analysis of the whole powdered milk market in Thailand.
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This report provides an in-depth analysis of the global powdered milk market.
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This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
369
In terms of value, imports of Powdered Milk declined to $29M in July 2023.
318
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
1321
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1719
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
250
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
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Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
369
In terms of value, imports of Powdered Milk declined to $29M in July 2023.
318
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
1321
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
1719
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
