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Thailand - Butter - Market Analysis, Forecast, Size, Trends and Insights
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Thailand: Butter Market Overview 2021

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Butter Market Size in Thailand

For the third consecutive year, the Thai butter market recorded growth in sales value, which increased by X% to $X in 2019. In general, consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in years to come.

Butter Production in Thailand

In value terms, butter production surged to $X in 2019 estimated in export prices. Over the period under review, production recorded a prominent expansion. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2019 and is likely to continue growth in the immediate term.

Butter Exports

Exports from Thailand

In 2019, approx. X tonnes of butter were exported from Thailand; waning by -X% against the previous year's figure. Overall, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. Exports peaked at X tonnes in 2010; however, from 2011 to 2019, exports remained at a lower figure.

In value terms, butter exports fell notably to $X in 2019. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2019, exports failed to regain the momentum.

Exports by Country

Myanmar (X kg), Cambodia (X kg) and the Philippines (X kg) were the main destinations of butter exports from Thailand, with a combined X% share of total exports.

From 2007 to 2019, the biggest increases were in Cambodia, while shipments for the other leaders experienced a decline.

In value terms, the largest markets for butter exported from Thailand were the Philippines ($X), Cambodia ($X) and Myanmar ($X), with a combined X% share of total exports.

Cambodia recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average butter export price stood at $X per tonne in 2019, falling by -X% against the previous year. In general, the export price, however, recorded tangible growth. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The export price peaked at $X per tonne in 2017; however, from 2018 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Philippines ($X per tonne), while the average price for exports to Myanmar ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Butter Imports

Imports into Thailand

For the fifth consecutive year, Thailand recorded growth in supplies from abroad of butter, which increased by X% to X tonnes in 2019. Over the period under review, imports recorded resilient growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2019 and are likely to continue growth in years to come.

In value terms, butter imports declined slightly to $X in 2019. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2018, and then declined modestly in the following year.

Imports by Country

New Zealand (X tonnes), France (X tonnes) and Belgium (X tonnes) were the main suppliers of butter imports to Thailand, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Belgium, while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), France ($X) and Belgium ($X) were the largest butter suppliers to Thailand, together accounting for X% of total imports.

In terms of the main suppliers, Belgium recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average butter import price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, butter import price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2019, the countries with the highest prices were Denmark ($X per tonne) and France ($X per tonne), while the price for Australia ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by New Zealand, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for butter in the world?
+
The countries with the highest volumes of butter consumption in 2019 were the U.S. (934K tonnes), Germany (495K tonnes) and France (463K tonnes), with a combined 34% share of global consumption. Russia, New Zealand, Turkey, Iran, the UK, China, Canada, Poland, Brazil and Italy lagged somewhat behind, together comprising a further 34%.
What are the largest producers of butter in the world?
+
The countries with the highest volumes of butter production in 2019 were the U.S. (913K tonnes), New Zealand (510K tonnes) and Germany (488K tonnes), with a combined 34% share of global production. France, Ireland, Russia, Turkey, Iran, Poland, the Netherlands, the UK, Canada and Belarus lagged somewhat behind, together accounting for a further 36%.
What are the leading suppliers of butter to Thailand?
+
In value terms, the largest butter suppliers to Thailand were New Zealand ($6.7M), France ($4.2M) and Belgium ($797K), with a combined 91% share of total imports.
What are the leading importers of butter from Thailand?
+
In value terms, the Philippines ($2.1K), Cambodia ($1.5K) and Myanmar ($803) were the largest markets for butter exported from Thailand worldwide, with a combined 77% share of total exports.
What is the average export price for butter in Thailand?
+
The average butter export price stood at $3,641 per tonne in 2019, shrinking by -14.9% against the previous year.
What is the average import price for butter in Thailand?
+
In 2019, the average butter import price amounted to $5,581 per tonne, shrinking by -10.9% against the previous year.

Product coverage:
• FCL 886 - Butter of Cow Milk

This report provides an in-depth analysis of the butter 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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