Thailand: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Thailand

The Thai market for powdered, evaporated and condensed milk surged to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Powdered, evaporated and condensed milk consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Powdered, Evaporated And Condensed Milk in Thailand

In value terms, powdered, evaporated and condensed milk production dropped modestly to $X in 2022 estimated in export price. Overall, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Powdered, evaporated and condensed milk production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Thailand

In 2022, shipments abroad of powdered, evaporated and condensed milk increased by X% to X tons, rising for the second year in a row after five years of decline. Overall, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, powdered, evaporated and condensed milk exports shrank to $X in 2022. Over the period under review, exports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons), Cambodia (X tons) and Japan (X tons) were the main destinations of powdered, evaporated and condensed milk exports from Thailand, together comprising X% of total exports.

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

In value terms, the largest markets for powdered, evaporated and condensed milk exported from Thailand were Lao People's Democratic Republic ($X), Cambodia ($X) and Japan ($X), together comprising X% of total exports.

In terms of the main countries of destination, Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for powdered, evaporated and condensed milk amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price showed a mild descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Thailand

Powdered, evaporated and condensed milk imports into Thailand stood at X tons in 2022, growing by X% on the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, powdered, evaporated and condensed milk imports skyrocketed to $X in 2022. Overall, total imports indicated a measured expansion 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. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, New Zealand (X tons) constituted the largest supplier of powdered, evaporated and condensed milk to Thailand, with a X% share of total imports. Moreover, powdered, evaporated and condensed milk imports from New Zealand exceeded the figures recorded by the second-largest supplier, Australia (X tons), sixfold. The third position in this ranking was taken by the United States (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from New Zealand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

In value terms, New Zealand ($X) constituted the largest supplier of powdered, evaporated and condensed milk to Thailand, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with an X% share of total imports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value from New Zealand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average import price for powdered, evaporated and condensed milk amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price 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. Based on 2022 figures, powdered, evaporated and condensed milk import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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