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Thailand - Canned Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Thailand - Canned Meat - Market Analysis, Forecast, Size, Trends And Insights

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Jun 28, 2023

Canned Meat Price in Thailand Reduces Slightly to $4,598 per Ton

Thailand Canned Meat Export Price in April 2023

In April 2023, the canned meat price stood at $4,598 per ton (FOB, Thailand), leveling off at the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 an increase of 6.1% month-to-month. Over the period under review, the average export prices attained the peak figure at $4,962 per ton in January 2023; however, from February 2023 to April 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In April 2023, the highest price was recorded for prices to Germany ($5,188 per ton) and Singapore ($4,988 per ton), while the average price for exports to Ireland ($3,803 per ton) and the Netherlands ($4,196 per ton) were amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Canned Meat in Thailand (USD per ton)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Germany4,2634,1254,5374,5374,8834,7235,1635,7095,4585,5494,7654,9715,188
Singapore4,4634,4544,5314,5194,6864,8134,7224,9724,9615,1334,9794,9584,988
Japan4,6394,6134,5614,5614,8104,6644,8065,0465,0185,1254,7174,8204,865
South Korea4,7314,5824,5134,4614,8174,6114,9465,0464,4964,7104,7044,6034,743
Canada4,1844,2654,2634,1884,6074,2584,4334,7684,4314,4454,2094,5304,459
United Kingdom3,9453,9614,0334,1314,4934,3174,4584,7774,8314,8204,4574,4794,313
Netherlands4,1244,2744,3424,5264,8414,6614,6804,9694,9045,1054,5034,3894,196
Ireland3,8653,7554,0394,3173,8883,9754,0784,3294,3164,4584,0083,9263,803
Average4,3414,3364,3654,4134,6814,5274,6634,9164,8704,9624,5844,6414,598

Thailand Canned Meat Exports

After three months of growth, shipments abroad of canned meat decreased by -14.6% to 45K tons in April 2023. Overall, exports showed a slight reduction. The pace of growth appeared the most rapid in March 2023 when exports increased by 8.6% month-to-month.

In value terms, canned meat exports contracted significantly to $209M (IndexBox estimates) in April 2023. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when exports increased by 13% against the previous month. As a result, the exports reached the peak of $296M. From September 2022 to April 2023, the growth of the exports remained at a somewhat lower figure.

Thailand Canned Meat Exports by Country

Japan (21K tons), the UK (13K tons) and the Netherlands (3.4K tons) were the main destinations of canned meat exports from Thailand, together comprising 82% of total exports. These countries were followed by South Korea, Singapore, Ireland, Germany and Canada, which together accounted for a further 14%.

From April 2022 to April 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +3.7%), while the other leaders experienced a decline.

In value terms, the largest markets for canned meat exported from Thailand were Japan ($102M), the UK ($55M) and the Netherlands ($14M), with a combined 82% share of total exports. South Korea, Singapore, Ireland, Germany and Canada lagged somewhat behind, together accounting for a further 14%.

Among the main countries of destination, Ireland, with a CAGR of +3.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the canned meat 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 10861010 - Homogenised preparations of meat, meat offal or blood (excluding sausages and similar products of meat, food preparations based on these products)
  • Prodcom 10131505 - Prepared or preserved goose or duck liver (excluding sausages and prepared meals and dishes)
  • Prodcom 10131515 - Prepared or preserved liver of other animals (excluding sausages and prepared meals and dishes)
  • Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
  • Prodcom 10131535 - Other prepared or preserved poultry meat (excluding sausages, preparations of liver and prepared meals and dishes)
  • Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
  • Prodcom 10131555 - Prepared or preserved meat of swine: shoulders and cuts thereof, of swine (excluding prepared meals and dishes)
  • Prodcom 10131565 - Prepared or preserved meat, offal and mixtures of domestic swine, including mixtures, containing < .40 % meat or offal of any kind and fats of any kind (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
  • Prodcom 10131575 - Other prepared or preserved meat, offal and mixtures of
  • Prodcom 10131585 - Prepared or preserved meat or offal of bovine animals (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
  • Prodcom 10131595 - Other prepared or preserved meat or offal, including blood

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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