Thai ice cream licks Asian rivals with 7.3% export growth
BANGKOK: Thai ice cream exports rose for the seventh consecutive year, to US$148.21 million in 2023, according to the Trade Policy and Strategy Office.

TPSO director-general Poonpong Naiyanapakorn said ice cream products still have a bright future for Thai exporters with export value rising 7.3% year on year for a compound annual growth rate of 12.43% per year.

He added that Thailand is now the No 1 ice cream exporter in Asia and ranked 11th in the world.

Poonpong said exports were still growing, with Thailand shipping $9.91 million worth of ice cream in January this year – 10.1% up from the same month last year.

Thailand’s top five foreign ice cream markets are Malaysia with a 29.5% share, South Korea (11.3%), Vietnam (9.5%), Singapore (6.5%), and Cambodia (6.3%).

Poonpong said Thailand had an advantage with domestic ingredients that produced outstanding flavours, including durian ice cream.

He also noted growing global demand, citing a Euromonitor International study showing the world ice cream market expanded 8.8% to $86.719 billion in 2023 from a year earlier. - The Nation/ANN
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BANGKOK: Thai ice cream exports rose for the seventh consecutive year, to US$148.21 million in 2023, according to the Trade Policy and Strategy Office.