Thailand: Cream Market 2021

Cream Market Size in Thailand

For the fourth consecutive year, the Thai cream market recorded growth in sales value, which increased by X% to $X in 2020. The market value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. From 2013 to 2020, the growth of the market remained at a lower figure.

Cream Production in Thailand

In value terms, cream production totaled $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2013 to 2020, production growth failed to regain the momentum.

Cream Exports

Exports from Thailand

In 2020, shipments abroad of cream decreased by -X% to X tons, falling for the fifth year in a row after two years of growth. Over the period under review, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Exports peaked at X tons in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, cream exports declined to $X in 2020. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Exports peaked at $X in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Kuwait (X tons), the Philippines (X tons) and Malaysia (X tons) were the main destinations of cream exports from Thailand, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Kuwait, while shipments for the other leaders experienced a decline.

In value terms, Kuwait ($X) remains the key foreign market for cream exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Kuwait stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-X% per year) and Malaysia (-X% per year).

Export Prices by Country

In 2020, the average cream export price amounted to $X per ton, reducing by -X% against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait, while the prices for the other major destinations experienced a decline.

Cream Imports

Imports into Thailand

In 2020, imports of cream into Thailand soared to X tons, growing by X% against the year before. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, cream imports soared to $X in 2020. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Australia (X tons) constituted the largest supplier of cream to Thailand, with a X% share of total imports. Moreover, cream imports from Australia exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Australia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+X% per year) and Switzerland (+X% per year).

In value terms, Australia ($X) constituted the largest supplier of cream to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Australia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+X% per year) and Denmark (+X% per year).

Import Prices by Country

The average cream import price stood at $X per ton in 2020, approximately reflecting the previous year. In general, the import price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. As a result, import price reached the peak level of $X per ton. From 2011 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced a decline.

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Source: IndexBox Platform

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