Thailand: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Thailand

In 2020, the Thai market for processed cheese (excluding grated or powdered) was finally on the rise to reach $X for the first time since 2017, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2020, consumption stood at a somewhat lower figure.

Production of Processed cheese (excluding grated or powdered) in Thailand

In value terms, production of processed cheese (excluding grated or powdered) stood at $X in 2020 estimated in export prices. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2010; however, from 2011 to 2020, production remained at a lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Thailand

In 2020, overseas shipments of processed cheese (excluding grated or powdered) increased by X% to X tons for the first time since 2013, thus ending a six-year declining trend. Over the period under review, exports, however, saw a pronounced slump. Over the period under review, exports attained the maximum at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, exports of processed cheese (excluding grated or powdered) skyrocketed to $X in 2020. Overall, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. From 2014 to 2020, the growth of exports failed to regain the momentum.

Exports by Country

Singapore (X tons), Myanmar (X tons) and Macao SAR (X tons) were the main destinations of exports of processed cheese (excluding grated or powdered) from Thailand, together comprising X% of total exports. Bhutan lagged somewhat behind, comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bhutan, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for processed cheese (excluding grated or powdered) exported from Thailand were Singapore ($X), Bhutan ($X) and Myanmar ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Bhutan saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. From 2010 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bhutan, while the prices for the other major destinations experienced a decline.

Imports of Processed cheese (excluding grated or powdered)

Imports into Thailand

In 2020, supplies from abroad of processed cheese (excluding grated or powdered) decreased by -X% to X tons, falling for the second year in a row after four years of growth. In general, imports showed a mild downturn. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports remained at a lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) contracted markedly to $X in 2020. Overall, total imports indicated mild growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Australia (X tons), New Zealand (X tons) and Indonesia (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Thailand, with a combined X% share of total imports. These countries were followed by Japan, the U.S., France and Denmark, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan, while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Indonesia ($X) appeared to be the largest processed cheese (excluding grated or powdered) suppliers to Thailand, with a combined X% share of total imports. Japan, Denmark, the U.S. and France lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for processed cheese (excluding grated or powdered) amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Denmark ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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