Thailand - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Yoghurt and Fermented Milk in Thailand - 2023
Contents:
- Price for Yoghurt and Fermented Milk in Thailand (FOB) - 2022
- Price for Yoghurt and Fermented Milk in Thailand (CIF) - 2023
- Exports of Yoghurt and Fermented Milk in Thailand
- Imports of Yoghurt and Fermented Milk in Thailand
Price for Yoghurt and Fermented Milk in Thailand (FOB) - 2022
In 2022, the average yoghurt and fermented milk export price amounted to $992 per ton, which is down by -9% against the previous year. Overall, the export price continues to indicate a slight curtailment. The growth pace was the most rapid in 2019 an increase of 34%. As a result, the export price attained the peak level of $1,441 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($2,315 per ton), while the average price for exports to the Philippines ($861 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 (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Yoghurt and Fermented Milk in Thailand (CIF) - 2023
The average yoghurt and fermented milk import price stood at $3,112 per ton in July 2023, waning by -3.9% against the previous month. Overall, the import price showed a noticeable contraction. The growth pace was the most rapid in August 2022 an increase of 13% against the previous month. As a result, import price attained the peak level of $4,879 per ton. From September 2022 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($6,989 per ton), while the price for Belgium ($2,694 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Yoghurt and Fermented Milk in Thailand
In 2022, yoghurt and fermented milk exports from Thailand soared to 127K tons, growing by 27% against 2021 figures. The total export volume increased at an average annual rate of +10.8% 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.
In value terms, yoghurt and fermented milk exports surged to $126M in 2022. In general, exports, however, recorded a pronounced reduction.
| Export of Yoghurt and Fermented Milk in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 51.4 | 57.2 | 54.3 | 61.9 | 6.4% |
| Lao People's Democratic Republic | 17.2 | 15.9 | 13.5 | 16.5 | -1.4% |
| Cambodia | 11.3 | 11.8 | 10.6 | 14.1 | 7.7% |
| Vietnam | 8.6 | 8.9 | 8.4 | 11.3 | 9.5% |
| Myanmar | 7.1 | 10.0 | 9.0 | 8.9 | 7.8% |
| Singapore | 21.8 | 7.7 | 5.9 | 5.8 | -35.7% |
| China | 5.4 | 4.0 | 3.4 | 2.9 | -18.7% |
| Hong Kong SAR | 9.9 | 1.4 | 1.9 | 2.2 | -39.4% |
| Others | 2.3 | 2.0 | 2.5 | 2.9 | 8.0% |
| Total | 135 | 119 | 110 | 126 | -2.3% |
Top Export Markets for Yoghurt and Fermented Milk from Thailand in 2022:
- Philippines (71.9K tons)
- Lao People's Democratic Republic (14.7K tons)
- Cambodia (12.6K tons)
- Vietnam (12.0K tons)
- Myanmar (7.8K tons)
- Singapore (2.7K tons)
- China (2.6K tons)
- Hong Kong SAR (0.9K tons)
Imports of Yoghurt and Fermented Milk in Thailand
In 2022, the amount of yoghurt and fermented milk imported into Thailand reduced markedly to 13K tons, with a decrease of -23.1% on the previous year's figure. Overall, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 1.4% against the previous year.
In value terms, yoghurt and fermented milk imports dropped modestly to $53M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports attained the peak of $56M, and then shrank slightly in the following year.
| Import of Yoghurt and Fermented Milk in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 24.1 | 19.9 | 19.6 | 30.7 | 8.4% |
| Netherlands | 2.8 | 4.0 | 1.2 | 3.8 | 10.7% |
| Australia | 3.1 | 3.5 | 6.1 | 3.6 | 5.1% |
| United States | 3.0 | 4.2 | 3.7 | 3.3 | 3.2% |
| France | 3.4 | 2.7 | 5.5 | 2.8 | -6.3% |
| Ireland | 2.0 | 3.1 | 10.2 | 2.3 | 4.8% |
| Finland | 2.0 | 3.4 | 1.5 | 1.8 | -3.5% |
| Germany | 4.1 | 6.1 | 4.4 | 1.3 | -31.8% |
| Others | 1.2 | 3.2 | 3.2 | 3.9 | 48.1% |
| Total | 45.7 | 50.2 | 55.5 | 53.4 | 5.3% |
Top Suppliers of Yoghurt and Fermented Milk to Thailand in 2022:
- New Zealand (7.1K tons)
- United States (1.0K tons)
- Australia (1.0K tons)
- Netherlands (0.9K tons)
- France (0.7K tons)
- Ireland (0.6K tons)
- Finland (0.5K tons)
- Germany (0.3K tons)
This report provides an in-depth analysis of the market for yoghurt and fermented 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 891 - Yoghurt
- FCL 892 - Yoghurt, Concentrated or Unconcent
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
- FCL 899 - Dry Buttermilk
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
- 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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707
The global yoghurt imports dropped by -7.2% y-o-y to $2.4B in 2020. The UK remains the leading yoghurt importer worldwide. Last year, the UK emerged as the fastest-growing country in terms of yoghurt imports. In 2020, France, Germany and Belgium were the prime suppliers of yoghurt to the UK, providing 80% of the total import volume.
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Germany dominates in the global yoghurt trade. In 2014, Germany exported X thousand tons of yoghurt totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total yoghurt exports in v
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Discover the top import markets for yoghurt, including the United Kingdom, Italy, Spain, Netherlands, and Belgium. Explore key statistics and data from the IndexBox market intelligence platform.
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The global yoghurt imports dropped by -7.2% y-o-y to $2.4B in 2020. The UK remains the leading yoghurt importer worldwide. Last year, the UK emerged as the fastest-growing country in terms of yoghurt imports. In 2020, France, Germany and Belgium were the prime suppliers of yoghurt to the UK, providing 80% of the total import volume.
1367
Germany dominates in the global yoghurt trade. In 2014, Germany exported X thousand tons of yoghurt totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total yoghurt exports in v
