Thailand: Yoghurt Market 2024

Yoghurt Market Size in Thailand

The Thai yoghurt market shrank remarkably to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a deep reduction. The pace of growth was the most pronounced in 2017 when the market value increased by X%. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Yoghurt Production in Thailand

In value terms, yoghurt production shrank to $X in 2022 estimated in export price. Overall, production showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Yoghurt production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Yoghurt Exports

Exports from Thailand

In 2022, the amount of yoghurt exported from Thailand amounted to X tons, surging by X% compared with the previous year's figure. Over the period under review, total exports indicated a prominent expansion from 2012 to 2022: its volume 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, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, yoghurt exports rose significantly to $X in 2022. In general, total exports indicated prominent growth 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, exports decreased by X% against 2020 indices. 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 hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons) was the main destination for yoghurt exports from Thailand, accounting for a X% share of total exports. Moreover, yoghurt exports to the Philippines exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), threefold. The third position in this ranking was taken by Vietnam (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Philippines amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Vietnam (X% per year).

In value terms, the Philippines ($X) remains the key foreign market for yoghurt exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average yoghurt export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, the export price reached the peak level of $X 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 Singapore ($X per ton), while the average price for exports to Vietnam ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Yoghurt Imports

Imports into Thailand

In 2022, the amount of yoghurt imported into Thailand contracted sharply to X kg, with a decrease of X% compared with the previous year. Over the period under review, imports saw a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, yoghurt imports dropped sharply to $X in 2022. Overall, imports recorded a dramatic slump. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Japan (X kg) was the main yoghurt supplier to Thailand, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled X%.

In value terms, Japan ($X) constituted the largest supplier of yoghurt to Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at X%.

Import Prices by Country

The average yoghurt import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price recorded prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :