Butter Market Overview in Thailand
In value terms, butter production soared to $ in 2019 estimated in export prices. Overall, production saw strong growth. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Over the period under review, production hit record highs in 2019 and is expected to retain growth in the immediate term.
The size of the butter market in Thailand rose sharply to $ in 2019, surging by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of % year-to-year. Butter consumption peaked in 2019 and is expected to retain growth in the near future.