Thailand - Skim Milk of Cows - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSkim Milk Price in Thailand - 2023
Contents:
- Skim Milk Price in Thailand (FOB) - 2023
- Skim Milk Price in Thailand (CIF) - 2022
- Skim Milk Exports in Thailand
- Skim Milk Imports in Thailand
Skim Milk Price in Thailand (FOB) - 2023
In July 2023, the average skim milk export price amounted to $1,228 per ton, with a decrease of -1.7% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 7.9% month-to-month. Over the period under review, the average export prices hit record highs at $1,363 per ton in January 2023; however, from February 2023 to July 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the countries with the highest prices were Cambodia ($1,294 per ton) and Hong Kong SAR ($1,237 per ton), while the average price for exports to Lao People's Democratic Republic ($1,086 per ton) and Singapore ($1,139 per ton) were amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Skim Milk Price in Thailand (CIF) - 2022
In 2022, the average skim milk import price amounted to $5,492 per ton, almost unchanged from the previous year. In general, the import price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2017 an increase of 82% against the previous year. Over the period under review, average import prices reached the maximum at $9,871 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($274,000 per ton), while the price for the UK ($5,081 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+440.9%), while the prices for the other major suppliers experienced a decline.
Skim Milk Exports in Thailand
In 2022, approx. 3.5K tons of skim milk were exported from Thailand; waning by -5.3% on the previous year. Overall, exports showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. As a result, the exports attained the peak of 3.7K tons, and then declined in the following year.
In value terms, skim milk exports dropped to $4.3M in 2022. The total export value increased at an average annual rate of +10.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year.
| Export of Skim Milk in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 248 | 1,795 | 1,836 | 2,601 | 118.9% |
| Singapore | 385 | 736 | 835 | 671 | 20.3% |
| Cambodia | 1,457 | 482 | 610 | 537 | -28.3% |
| Lao People's Democratic Republic | 694 | 929 | 1,029 | 231 | -30.7% |
| Myanmar | 386 | 155 | 291 | 200 | -19.7% |
| Others | 22.8 | 39.1 | 38.3 | 36.0 | 16.4% |
| Total | 3,194 | 4,136 | 4,639 | 4,276 | 10.2% |
Top Export Markets for Skim Milk from Thailand in 2022:
- Hong Kong SAR (2067.8 tons)
- Singapore (621.4 tons)
- Cambodia (463.0 tons)
- Lao People's Democratic Republic (185.0 tons)
- Myanmar (144.1 tons)
Skim Milk Imports in Thailand
In 2022, overseas purchases of skim milk decreased by -66.9% to 662 kg for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 549% against the previous year. As a result, imports attained the peak of 2 tons, and then contracted significantly in the following year.
In value terms, skim milk imports fell sharply to $3.6K in 2022. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 553% against the previous year. As a result, imports reached the peak of $11K, and then fell significantly in the following year.
| Import of Skim Milk in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United Kingdom | 1.6 | 11.1 | 3.3 | 43.6% | |
| Others | 0.1 | N/A | 0.3 | 73.2% | |
| Total | 1.7 | 11.1 | 3.6 | 45.5% | |
Top Suppliers of Skim Milk to Thailand in 2022:
- United Kingdom (654.0 kg)
This report provides an in-depth analysis of the skim milk market 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 888 - Skim Milk of Cows
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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
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