Concentrated not sweetened milk and cream market in Thailand

Earlier Report Observations

The market for concentrated unsweetened milk and cream in Thailand contracted from 29 722 tons in 2018 to 26 817 tons in 2020. A sharp recovery followed, with market volume rising to 33 573 tons in 2021 and then surging to 43 464 tons in 2022. This expansion coincided with a broader shift in consumer preferences toward healthier dairy options and the aggressive market entry and segmentation efforts by major players like Foremost and Thai-Denmark, who targeted health-conscious young adults and working professionals with products emphasizing natural ingredients.

By 2023, the market volume had retreated to 33 312 tons, marking a consolidation after the previous year's peak. The overall period from 2018 to 2023 was characterized by significant volatility, with production being the primary driver of market size, given the relatively minor role of trade flows.

Production concentrated not sweetened milk and cream in Thailand

In kind, 2017-2020, t

Between 2017 and 2020, Thailand ranked as the 20th largest global producer of concentrated unsweetened milk and cream.

Top producers of concentrated not sweetened milk and cream, 2017-2020

World map of production of concentrated not sweetened milk and cream, 2017-2020

Thailand's production of concentrated unsweetened milk and cream declined for the third consecutive year. In 2020, output reached 26 452 tonnes, marking a 2.4% year-over-year decrease. Over the 2017-2020 period, production fell by 4.5%, which translates to an average annual decline of 1.5%.

Annual dynamics of production in Thailand in kind, 2017-2020, t

Exports concentrated not sweetened milk and cream from Thailand

Exports in kind, t

The market showed an unstable trend during this period. Export volumes fluctuated significantly, with a 51 109-fold difference between the peak in 2018 and the low in 2019. In 2020, Thailand exported 18 tonnes of concentrated unsweetened milk and cream, representing an 894 000.0% increase compared to the previous year. The minimum volume was recorded in 2019 at 0.0 tonnes, while the maximum was 102 tonnes in 2018. The largest decline occurred in 2019, with a 100.0% drop.

Annual dynamics of product's exports from Thailand in kind, 2017-2020, t

From 2017 to 2020, three key markets—Myanmar, Singapore, and Hong Kong—collectively accounted for 85.8% of Thailand's total exports of concentrated unsweetened milk and cream by volume.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Thailand in kind, 2017-2020

Exports in value, K $ US

Market performance showed noticeable fluctuations during this period. Export values peaked in 2018 and fell to their lowest point in 2019, with a 199 415-fold difference between these years. In 2020, Thailand exported 33 thousand US dollars worth of concentrated unsweetened milk and cream, indicating a 3 340 573.0% year-over-year uptick. The minimum value was recorded in 2019 at 0.0 thousand US dollars, while the maximum was 199 thousand US dollars in 2018. The largest decline occurred in 2019, with a 100.0% decrease.

Annual dynamics of product's exports from Thailand in value, 2017-2020, K $ US

Between 2017 and 2020, Myanmar (37.2% of export value), Singapore (34.8%), and Hong Kong (12.8%) together represented 84.8% of Thailand's total export value for concentrated unsweetened milk and cream, remaining the primary destinations.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Thailand in value, 2017-2020

Imports concentrated not sweetened milk and cream to Thailand

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Import volumes varied widely, with a 116 025-fold difference between the peak in 2017 and the trough in 2019. In 2020, Thailand imported 383 tonnes of concentrated unsweetened milk and cream, which is 1 913 045.0% higher than the previous year. The minimum volume was recorded in 2019 at 0.0 tonnes. The largest decline occurred in 2019, with a 100.0% drop.

Annual dynamics of product's imports to Thailand in kind, 2017-2020, t

From 2017 to 2020, France consistently accounted for 87.8% of Thailand's total imports of concentrated unsweetened milk and cream by volume, indicating a high concentration on this market, while the remainder was distributed among other countries.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Thailand in kind, 2017-2020

Imports in value, K $ US

The data reveals irregular changes, pointing to a volatile market environment. Import values showed a peak-to-trough amplitude of 68 800 times between 2018 and 2019. In 2020, Thailand imported 1 401 thousand US dollars worth of concentrated unsweetened milk and cream, marking an abrupt increase of 1 105 285.4% year-over-year. The minimum value was recorded in 2019 at 0.1 thousand US dollars, while the maximum was 8 718 thousand US dollars in 2018. The largest decline occurred in 2019, with a 100.0% decrease.

Annual dynamics of product's imports to Thailand in value, 2017-2020, K $ US

Between 2017 and 2020, France was the primary source for imports by value, accounting for 84.9% of total flows, while other markets formed a long tail of smaller partners.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Thailand in value, 2017-2020