Thailand - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sweetened Condensed and Evaporated Milk in Thailand - 2023
Contents:
- Price for Sweetened Condensed and Evaporated Milk in Thailand (CIF) - 2023
- Price for Sweetened Condensed and Evaporated Milk in Thailand (FOB) - 2022
- Imports of Sweetened Condensed and Evaporated Milk in Thailand
- Exports of Sweetened Condensed and Evaporated Milk in Thailand
Price for Sweetened Condensed and Evaporated Milk in Thailand (CIF) - 2023
In July 2023, the average import price for condensed or evaporated milk (sweetened) amounted to $4,597 per ton, jumping by 25% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 26% m-o-m. The import price peaked in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($20,846 per ton), while the price for France ($4,185 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Australia (+22.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Sweetened Condensed and Evaporated Milk in Thailand (FOB) - 2022
In 2022, the average export price for condensed or evaporated milk (sweetened) amounted to $1,538 per ton, with an increase of 14% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 24% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($2,161 per ton), while the average price for exports to Lao People's Democratic Republic ($1,199 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 Taiwan (Chinese) (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sweetened Condensed and Evaporated Milk in Thailand
In 2022, supplies from abroad of condensed or evaporated milk (sweetened) decreased by -89.6% to 511 tons, falling for the second consecutive year after two years of growth. Overall, imports faced a dramatic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 58%. As a result, imports attained the peak of 11K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, sweetened condensed and evaporated milk imports contracted notably to $1.9M in 2022. In general, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, imports attained the peak of $16M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Sweetened Condensed and Evaporated Milk in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 0.8 | 0.9 | 1.1 | 1.2 | 14.5% |
Australia | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
United States | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Belgium | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
Germany | 0.3 | 0.5 | 0.2 | N/A | -18.4% |
Malaysia | 9.9 | 14.2 | 6.5 | N/A | -19.0% |
Others | 0.3 | 0.2 | 0.1 | 0.1 | -30.7% |
Total | 11.9 | 16.2 | 8.4 | 1.9 | -45.7% |
Top Suppliers of Sweetened Condensed and Evaporated Milk to Thailand in 2022:
- France (335.5 tons)
- Australia (96.1 tons)
- Belgium (40.2 tons)
- United States (10.5 tons)
- Germany (10.2 tons)
- Malaysia (0.1 tons)
Exports of Sweetened Condensed and Evaporated Milk in Thailand
In 2022, approx. 6.8K tons of condensed or evaporated milk (sweetened) were exported from Thailand; picking up by 32% on the previous year's figure. The total export volume increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sweetened condensed and evaporated milk exports skyrocketed to $10M in 2022. The total export value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Sweetened Condensed and Evaporated Milk in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cambodia | 3.4 | 5.1 | 2.2 | 3.8 | 3.8% |
Lao People's Democratic Republic | 2.3 | 2.4 | 2.1 | 3.2 | 11.6% |
Philippines | N/A | N/A | 0.1 | 1.8 | 1700.0% |
Taiwan (Chinese) | 0.3 | 0.3 | 0.6 | 0.5 | 18.6% |
Myanmar | 0.2 | 0.6 | 0.3 | 0.4 | 26.0% |
China | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
Netherlands | 2.3 | 0.5 | 1.1 | N/A | -30.8% |
Others | 0.4 | 0.5 | 0.4 | 0.4 | 0.0% |
Total | 8.8 | 9.5 | 7.0 | 10.4 | 5.7% |
Top Export Markets for Sweetened Condensed and Evaporated Milk from Thailand in 2022:
- Lao People's Democratic Republic (2678.6 tons)
- Cambodia (2346.2 tons)
- Philippines (817.0 tons)
- Taiwan (Chinese) (241.0 tons)
- Myanmar (222.1 tons)
- China (200.6 tons)
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk 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 2030.
Product coverage:
- FCL 889 - Whole Milk, Condensed
- FCL 896 - Skim Milk, Condensed
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Thailand.
This report provides an in-depth analysis of the market for evaporated and condensed milk in Thailand.
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Thailand.
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Thailand.
This report provides an in-depth analysis of the powdered milk market in Thailand.
This report provides an in-depth analysis of the skim powdered milk market in Thailand.
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Thailand.
This report provides an in-depth analysis of the whole powdered milk market in Thailand.
This report provides an in-depth analysis of the global market for sweetened condensed and evaporated milk.
This report provides an in-depth analysis of the global market for evaporated and condensed milk.
In terms of value, imports of Powdered Milk declined to $29M in July 2023.
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.
Explore the top import markets for powdered, evaporated, and condensed milk in the world. Learn about the countries with the highest import values and key statistics. Find out how IndexBox market intelligence platform provides valuable insights.
Discover the top 10 countries with the highest import values for whole powdered milk in 2023. Learn about the trends and factors driving the demand for this dairy product in key markets.
In terms of value, imports of Powdered Milk declined to $29M in July 2023.
New Zealand seized control of the market for evaporated and condensed milk. In 2014, New Zealand exported X thousand tons of evaporated and condensed milk totaling X million USD, X% over the previous year. Its primary trading partner was Chin
Germany dominates in the global skimmed milk trade. In 2014, Germany exported X thousand tons of skimmed milk totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total skimmed mi
Explore the top import markets for powdered milk and discover key statistics and numbers showcasing the global trade in this sector. China, Algeria, Indonesia, Mexico, United Arab Emirates, Philippines, Netherlands, Malaysia, Belgium, and Thailand are the leading countries in the import value of powdered milk.