Source: VietnamPlus.vn
Thailand led in the Association of Southeast Asian Nations (ASEAN) in exporting dairy products in 2024, with an export turnover skyrocketing 11.5%, reaching a total value of US $ 582 million (about 19,623 billion billion baht).
According to the announcement of Deputy Minister of Trade Thailand Suchart Choomlin, exporting dairy products of this country grew particularly strongly in 6 main markets, Malaysia, up 64.3%, Vietnam increased by 30.4%, Indonesia Increasing 27.1%, Singapore increased by 20.1%, the Philippines increased by 19%and Myanmar increased by 14.6%.
Currently, all Thai dairy products are exempt from ASEAN member countries, a benefit originating from ASEAN Trade Trade Agreement (ATIGA). High demand products include yogurt, oral yogurt, UHT sterilized milk and soy milk mixed with milk.
The local officials said that Thailand is still a large production and export country, with competitive prices supported by ASEAN Free Trade Agreements (FTA). The combination of high product quality and effective logistics has promoted continuous growth in ASEAN milk exports, with further expansion expectations.
Mr. Suchart emphasized that Thai businesses should take advantage of FTAs to penetrate deeper into the ASEAN dairy market. According to him, there are still many significant opportunities, especially with an increase in urbanization and increasing consumption of drinks from milk such as tea and coffee in neighboring countries such as Cambodia, Malaysia and Laos, Laos, The place where Thailand benefits from its near position and strong brand interests.
Markets such as Singapore, which depends on food import, and the Philippines, where 99% of the demand for milk is met through imports due to the increasing middle class and the population, also the markets full. promise.
In addition to ASEAN, Mr. Suchart said the regional FTA has opened the door for Thai milk exports to major markets such as China, Australia, New Zealand, Chile and Hong Kong (China), markets that have been Eliminate import tax for Thai dairy products. Thai exporters are encouraged to maximize the interests of the FTA and always keep up with the changing consumer trend to maintain global competitiveness.
Currently, Thailand’s trade negotiations are studying potential FTAs with emerging markets in Africa and South America.
Thailand aims to complete FTA negotiations with South Korea and FTA ASEAN-CANADA by 2025, thereby enhancing market access, reducing trade barriers and strengthening Thailand’s position in Global dairy industry.
