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Report South-Eastern Asia - Butter and Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

South-Eastern Asia - Butter and Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights

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South-Eastern Asia: Market for Butter And Dairy Spreads 2024

Exports of Butter And Dairy Spreads

Exports in South-Eastern Asia

In 2022, overseas shipments of butter and dairy spreads were finally on the rise to reach X tons after six years of decline. In general, exports, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 23% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, butter and dairy spreads exports surged to $X in 2022. Overall, exports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 21%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) was the major exporter of butter and dairy spreads, creating 51% of total exports. Singapore (X tons) took the second position in the ranking, distantly followed by Thailand (X tons). All these countries together held near 41% share of total exports. The following exporters - the Philippines (X tons) and Indonesia (X tons) - together made up 6.9% of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +31.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2022, together comprising 92% of total exports. The Philippines and Indonesia lagged somewhat behind, together comprising a further 7.7%.

The Philippines, with a CAGR of +45.9%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with an increase of 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 when the export price increased by 26% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+10.6%), while the other leaders experienced more modest paces of growth.

Imports of Butter And Dairy Spreads

Imports in South-Eastern Asia

In 2022, approx. X tons of butter and dairy spreads were imported in South-Eastern Asia; growing by 26% on the year before. The total import volume increased at an average annual rate of +5.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, butter and dairy spreads imports soared to $X in 2022. Overall, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia was the main importing country with an import of about X tons, which reached 43% of total imports. It was distantly followed by Singapore (X tons), Malaysia (X tons), the Philippines (X tons) and Vietnam (X tons), together achieving a 50% share of total imports. Thailand (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the butter and dairy spreads imports, with a CAGR of +14.1% from 2012 to 2022. At the same time, the Philippines (+8.4%), Thailand (+8.2%), Malaysia (+4.6%) and Vietnam (+4.3%) displayed positive paces of growth. By contrast, Singapore (-3.0%) illustrated a downward trend over the same period. While the share of Indonesia (+24 p.p.) and the Philippines (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-24.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported butter and dairy spreads in South-Eastern Asia, comprising 48% of total imports. The second position in the ranking was held by Singapore ($X), with a 19% share of total imports. It was followed by Malaysia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia totaled +21.3%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+1.5% per year) and Malaysia (+6.5% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, increasing by 21% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and dairy spreads import price increased by +33.7% against 2020 indices. The growth pace was the most rapid in 2017 when the import price increased by 47%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Myanmar remains the largest butter and dairy spreads consuming country in South-Eastern Asia, accounting for 54% of total volume. Moreover, butter and dairy spreads consumption in Myanmar exceeded the figures recorded by the second-largest consumer, Singapore, fourfold. Indonesia ranked third in terms of total consumption with a 12% share.
The country with the largest volume of butter and dairy spreads production was Myanmar, accounting for 94% of total volume. Moreover, butter and dairy spreads production in Myanmar exceeded the figures recorded by the second-largest producer, Thailand, more than tenfold.
In value terms, Singapore, Malaysia and the Philippines appeared to be the countries with the highest levels of exports in 2020, with a combined 91% share of total exports. Thailand and Indonesia lagged somewhat behind, together accounting for a further 8.1%.
In value terms, the largest butter and dairy spreads importing markets in South-Eastern Asia were Singapore, Indonesia and Malaysia, with a combined 77% share of total imports. These countries were followed by the Philippines, Vietnam and Thailand, which together accounted for a further 20%.
The butter and dairy spreads export price in South-Eastern Asia stood at $4,908 per ton in 2020, rising by 5.4% against the previous year.
The butter and dairy spreads import price in South-Eastern Asia stood at $5,178 per ton in 2020, shrinking by -6.8% against the previous year.

This report provides an in-depth analysis of the market for butter and dairy spreads in South-Eastern Asia. 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 983 - Butter and Ghee of Sheep Milk
  • FCL 1022 - Butter of Goat Milk
  • FCL 952 - Butter of Buffalo Milk
  • FCL 886 - Butter of Cow Milk

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in South-Eastern Asia, split by region and country
  • Trade (exports and imports) in South-Eastern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. PRODUCING ANIMALS AND YIELD BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Brunei Darussalam
    • Cambodia
    • Indonesia
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Thailand
    • Timor-Leste
    • Vietnam
    • Lao People's Democratic Republic

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Producing Animals, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Producing Animals, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Producing Animals, By Country, 2023
    25. Producing Animals, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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