Report Update: May 1, 2024

Thailand - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Powdered, Evaporated and Condensed Milk in Thailand - 2023

Price for Powdered, Evaporated and Condensed Milk in Thailand (CIF) - 2022

The average import price for powdered, evaporated and condensed milk stood at $4,040 per ton in 2022, growing by 21% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, evaporated and condensed milk import price increased by +86.6% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs at $4,458 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($4,239 per ton), while the price for Malaysia ($1,446 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Powdered, Evaporated and Condensed Milk in Thailand (FOB) - 2022

The average export price for powdered, evaporated and condensed milk stood at $2,294 per ton in 2022, with a decrease of -14.1% against the previous year. Over the period under review, the export price saw a slight decrease. The pace of growth was the most pronounced in 2019 when the average export price increased by 27%. The export price peaked at $2,769 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($4,601 per ton), while the average price for exports to Lao People's Democratic Republic ($1,603 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 Myanmar (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated and Condensed Milk in Thailand

For the fourth year in a row, Thailand recorded growth in overseas purchases of powdered, evaporated and condensed milk, which increased by 3.8% to 139K tons in 2022. The total import volume increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 7.8% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, powdered, evaporated and condensed milk imports skyrocketed to $562M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.9% 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 +68.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Powdered, Evaporated and Condensed Milk in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
New Zealand	199	237	264	362	22.1%
Australia	31.1	36.4	52.9	63.8	27.1%
United States	12.3	27.7	29.8	45.3	54.4%
Belgium	28.1	26.3	22.2	27.7	-0.5%
Netherlands	9.7	12.7	19.4	19.9	27.1%
Ireland	5.5	4.9	11.4	18.8	50.6%
France	13.0	6.7	6.9	4.7	-28.8%
Malaysia	13.9	16.1	7.1	N/A	-28.5%
Others	21.3	18.4	32.2	19.2	-3.4%
Total	334	386	446	562	18.9%

Top Suppliers of Powdered, Evaporated and Condensed Milk to Thailand in 2022:

Malaysia (undefinedK tons)
New Zealand (89.6K tons)
Australia (15.9K tons)
United States (11.7K tons)
Belgium (7.1K tons)
Netherlands (4.7K tons)
Ireland (4.5K tons)
France (1.3K tons)

Exports of Powdered, Evaporated and Condensed Milk in Thailand

In 2022, powdered, evaporated and condensed milk exports from Thailand stood at 15K tons, growing by 5.6% on the previous year. Over the period under review, exports, however, recorded a slight setback.

In value terms, powdered, evaporated and condensed milk exports declined to $33M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, the exports attained the peak of $37M, and then reduced in the following year.

Export of Powdered, Evaporated and Condensed Milk in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lao People's Democratic Republic	5.5	4.7	7.3	7.5	10.9%
Cambodia	9.3	8.0	5.0	6.8	-9.9%
Japan	10.9	5.1	5.2	5.7	-19.4%
Myanmar	0.2	4.6	6.6	5.6	203.7%
Philippines	0.2	0.9	0.8	1.8	108.0%
Taiwan (Chinese)	1.2	1.0	1.4	1.2	0.0%
China	0.2	0.2	0.3	0.4	26.0%
Netherlands	2.3	0.5	1.1	N/A	-30.8%
Others	3.1	5.8	9.1	4.5	13.2%
Total	32.9	30.7	36.7	33.3	0.4%

Top Export Markets for Powdered, Evaporated and Condensed Milk from Thailand in 2022:

Netherlands (undefinedK tons)
Lao People's Democratic Republic (4.7K tons)
Cambodia (3.5K tons)
Japan (2.6K tons)
Myanmar (1.2K tons)
Philippines (0.8K tons)
Taiwan (Chinese) (0.5K tons)
China (0.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk 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
FCL 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023