Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand - 2024
Contents:
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (CIF) - 2024
- Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (FOB) - 2024
- Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand
- Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (CIF) - 2024
The average import price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $3,464 per ton in May 2024, increasing by 1.8% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2024 when the average import price increased by 5.3% month-to-month. The import price peaked at $3,477 per ton in May 2023; afterwards, it flattened through to May 2024.
Average prices varied noticeably amongst the major supplying countries. In May 2024, the country with the highest price was New Zealand ($3,444 per ton), while the price for Australia totaled $3,300 per ton.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by New Zealand (+0.0%).
Price for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (FOB) - 2024
The average export price for powdered unsweetened milk and cream of fat weight content over 1.5% stood at $4,739 per ton in May 2024, with an increase of 13% against the previous month. Over the period under review, the export price, however, showed a mild decrease. The most prominent rate of growth was recorded in October 2023 an increase of 98% m-o-m. As a result, the export price reached the peak level of $7,798 per ton. From November 2023 to May 2024, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In May 2024, the country with the highest price was Myanmar ($17,041 per ton), while the average price for exports to the United States ($1,720 per ton) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand
In 2022, approx. 74K tons of powdered unsweetened milk and cream of fat weight content over 1.5% were imported into Thailand; picking up by 18% against 2021 figures. Overall, imports, however, continue to indicate a abrupt descent.
In value terms, imports of powdered unsweetened milk and cream of fat weight content over 1.5% surged to $305M in 2022. Over the period under review, imports, however, saw a pronounced shrinkage.
| Import of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 143 | 160 | 187 | 262 | 22.4% |
| Australia | 13.2 | 14.7 | 26.6 | 38.7 | 43.1% |
| Others | 175 | 10.2 | 7.9 | 4.2 | -71.2% |
| Total | 331 | 185 | 222 | 305 | -2.7% |
Top Suppliers of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% to Thailand in 2022:
- New Zealand (63.8K tons)
- Australia (9.8K tons)
Exports of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand
In 2022, approx. 1.9K tons of powdered unsweetened milk and cream of fat weight content over 1.5% were exported from Thailand; reducing by -15.2% against 2021 figures. In general, exports faced a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 22% against the previous year.
In value terms, exports of powdered unsweetened milk and cream of fat weight content over 1.5% shrank significantly to $6.5M in 2022. Overall, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.
| Export of Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 469 | 825 | 1,495 | 2,295 | 69.8% |
| Lao People's Democratic Republic | 1,964 | 1,827 | 3,897 | 2,004 | 0.7% |
| Cambodia | 2,176 | 1,791 | 598 | 647 | -33.3% |
| Taiwan (Chinese) | 849 | 567 | 828 | 637 | -9.1% |
| Egypt | 403 | 402 | 346 | 377 | -2.2% |
| United States | 93.4 | 137 | 154 | 283 | 44.7% |
| Hong Kong SAR | 164 | 122 | 75.3 | 82.2 | -20.6% |
| Philippines | 203 | 880 | 567 | 43.2 | -40.3% |
| Others | 6,946 | 282 | 175 | 147 | -72.3% |
| Total | 13,267 | 6,833 | 8,135 | 6,515 | -21.1% |
Top Export Markets for Powdered Unsweetened Milk and Cream of Fat Weight Content over 1.5% from Thailand in 2022:
- Lao People's Democratic Republic (474.2 tons)
- Taiwan (Chinese) (337.2 tons)
- Myanmar (331.7 tons)
- Cambodia (213.3 tons)
- United States (187.1 tons)
- Egypt (156.1 tons)
- Hong Kong SAR (58.4 tons)
- Philippines (16.7 tons)
107
This report provides an in-depth analysis of the whole powdered milk market in Thailand.
592
This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk in Thailand.
983
This report provides an in-depth analysis of the market for evaporated and condensed milk in Thailand.
533
This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Thailand.
473
This report provides an in-depth analysis of the market for unsweetened condensed and evaporated milk in Thailand.
603
This report provides an in-depth analysis of the powdered milk market in Thailand.
139
This report provides an in-depth analysis of the skim powdered milk market in Thailand.
376
This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Thailand.
168
This report provides an in-depth analysis of the global whole powdered milk market.
1562
This report provides an in-depth analysis of the global market for powdered, condensed or evaporated milk.
446
In terms of value, imports of Powdered Milk declined to $29M in July 2023.
174
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.
1375
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
1754
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
404
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.
423
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.
446
In terms of value, imports of Powdered Milk declined to $29M in July 2023.
174
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.
1375
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
1754
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
