Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand - 2024
Contents:
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (FOB) - 2022
- Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (CIF) - 2022
- Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand
- Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (FOB) - 2022
The average export price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $6,599 per ton in 2022, dropping by -32.4% against the previous year. In general, the export price, however, recorded modest growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 371% against the previous year. The export price peaked at $10,338 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($8,938 per ton), while the average price for exports to Indonesia ($1,000 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 (+19.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (CIF) - 2022
The average import price for powdered sweetened milk and cream of fat weight content over 1.5% stood at $4,921 per ton in 2022, increasing by 29% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for powdered sweetened milk and cream of fat weight content over 1.5% increased by +43.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 57% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
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 Australia ($11,713 per ton), while the price for France ($3,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand
In 2022, after two years of decline, there was growth in overseas shipments of powdered sweetened milk and cream of fat weight content over 1.5%, when their volume increased by 2.7% to 359 tons. Overall, exports, however, showed a deep slump.
In value terms, exports of powdered sweetened milk and cream of fat weight content over 1.5% shrank rapidly to $2.4M in 2022. Over the period under review, exports, however, recorded a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 23%.
| Export of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1,593 | 2,088 | 2,769 | 1,323 | -6.0% |
| Cambodia | 666 | 437 | 401 | 604 | -3.2% |
| Lao People's Democratic Republic | 375 | 154 | 203 | 395 | 1.7% |
| United States | N/A | N/A | 0.3 | 24.5 | 8066.7% |
| Others | 2,738 | 94.4 | 38.2 | 22.0 | -80.0% |
| Total | 5,373 | 2,773 | 3,411 | 2,369 | -23.9% |
Top Export Markets for Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% from Thailand in 2022:
- Myanmar (148.0 tons)
- Lao People's Democratic Republic (102.9 tons)
- Cambodia (84.9 tons)
- United States (15.6 tons)
Imports of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand
Imports of powdered sweetened milk and cream of fat weight content over 1.5% into Thailand fell significantly to 380 tons in 2022, reducing by -43% against 2021 figures. Overall, imports saw a significant decrease. The pace of growth was the most pronounced in 2021 when imports increased by 155% against the previous year.
In value terms, imports of powdered sweetened milk and cream of fat weight content over 1.5% declined sharply to $1.9M in 2022. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 185% against the previous year.
| Import of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,177 | 827 | 2,386 | 1,850 | 16.3% |
| Belgium | 77.1 | N/A | N/A | 0.3 | -84.3% |
| France | 0.2 | N/A | 131 | 0.1 | -20.6% |
| Others | 1,330 | 64.2 | 21.1 | 18.2 | -76.1% |
| Total | 2,584 | 892 | 2,538 | 1,869 | -10.2% |
Top Suppliers of Powdered Sweetened Milk and Cream of Fat Weight Content over 1.5% to Thailand in 2022:
- New Zealand (378.3 tons)
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