South-Eastern Asia: Yoghurt Market 2024

Yoghurt Market Size in South-Eastern Asia

In 2022, the Southeast Asian yoghurt market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Yoghurt Production in South-Eastern Asia

In value terms, yoghurt production contracted to $X in 2022 estimated in export price. Overall, production recorded a pronounced slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Yoghurt Exports

Exports in South-Eastern Asia

In 2022, approx. X tons of yoghurt were exported in South-Eastern Asia; which is down by X% compared with the previous year. Over the period under review, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, yoghurt exports fell to $X in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X tons), mixing up a X% share of total exports. Malaysia (X tons) and Indonesia (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to yoghurt exports from Thailand stood at X%. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia experienced a relatively flat trend pattern. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest yoghurt supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Thailand, yoghurt exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Yoghurt Imports

Imports in South-Eastern Asia

In 2022, after four years of growth, there was significant decline in supplies from abroad of yoghurt, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, yoghurt imports fell to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

The countries with the highest levels of yoghurt imports in 2022 were Singapore (X tons), Lao People's Democratic Republic (X tons), Cambodia (X tons), the Philippines (X tons), Vietnam (X tons) and Myanmar (X tons), together amounting to X% of total import. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported yoghurt in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports. It was followed by Lao People's Democratic Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Singapore stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (X% per year) and Lao People's Democratic Republic (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2019; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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