Thailand - Food Preparations For Infants - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBaby Food Price in Thailand - 2023
Contents:
- Baby Food Price in Thailand (FOB) - 2023
- Baby Food Price in Thailand (CIF) - 2023
- Baby Food Exports in Thailand
- Baby Food Imports in Thailand
Baby Food Price in Thailand (FOB) - 2023
The average baby food export price stood at $5,616 per ton in July 2023, with an increase of 16% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +3.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Lao People's Democratic Republic ($10,915 per ton), while the average price for exports to Malaysia ($3,980 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.
Baby Food Price in Thailand (CIF) - 2023
The average baby food import price stood at $9,839 per ton in July 2023, increasing by 36% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was New Zealand ($17,875 per ton), while the price for Malaysia ($4,405 per ton) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Singapore (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Baby Food Exports in Thailand
Baby food exports from Thailand stood at 22K tons in 2022, flattening at 2021 figures. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 364% against the previous year. As a result, the exports attained the peak of 24K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, baby food exports totaled $97M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 194% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Baby Food in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 8.6 | 65.0 | 58.3 | 65.0 | 96.2% |
Lao People's Democratic Republic | 16.2 | 18.5 | 13.5 | 15.7 | -1.0% |
Myanmar | N/A | 4.6 | 6.3 | 13.1 | 68.8% |
Indonesia | 7.1 | 6.0 | 6.1 | 0.7 | -53.8% |
Others | 1.1 | 3.0 | 2.1 | 2.8 | 36.5% |
Total | 33.0 | 97.0 | 86.3 | 97.2 | 43.3% |
Top Export Markets for Baby Food from Thailand in 2022:
- Malaysia (18.6K tons)
- Myanmar (1.6K tons)
- Lao People's Democratic Republic (1.5K tons)
- Indonesia (0.1K tons)
Baby Food Imports in Thailand
In 2022, purchases abroad of food preparations for infants decreased by -16.6% to 6.5K tons, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 0.4%. As a result, imports attained the peak of 9K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, baby food imports shrank to $46M in 2022. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 2.5%. As a result, imports attained the peak of $63M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
Import of Baby Food in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 41.8 | 42.6 | 36.2 | 32.5 | -8.0% |
New Zealand | 5.1 | 7.8 | 10.6 | 6.6 | 9.0% |
Malaysia | 4.2 | 5.7 | 4.9 | 4.9 | 5.3% |
Netherlands | 1.4 | 2.1 | 0.9 | 0.9 | -13.7% |
Japan | N/A | N/A | N/A | 0.8 | 0% |
Philippines | 8.3 | 4.1 | N/A | N/A | -50.6% |
Others | 0.4 | 0.4 | 0.4 | 0.4 | 0.0% |
Total | 61.2 | 62.7 | 53.1 | 46.2 | -8.9% |
Top Suppliers of Baby Food to Thailand in 2022:
- Singapore (4.6K tons)
- Malaysia (1.2K tons)
- New Zealand (0.4K tons)
- Netherlands (0.1K tons)
- Japan (0.1K tons)
This report provides an in-depth analysis of the baby food 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:
- Prodcom 10861070 - Food preparations for infants, p.r.s. (excluding homogenised composite food preparations)
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
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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
- 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 VOLUME AND VALUE
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
- 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
- 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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