Thailand - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingRemarkable Decline in Thailand's Frozen Fish Meat Imports to $141M in 2023
Thailand Frozen Fish Meat Imports
After three years of growth, supplies from abroad of frozen fish meat decreased by -21.8% to 57K tons in 2023. In general, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 35% against the previous year. Over the period under review, imports reached the peak figure at 73K tons in 2022, and then contracted dramatically in the following year.
In value terms, frozen fish meat imports shrank notably to $141M (IndexBox estimates) in 2023. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 56%. Imports peaked at $196M in 2022, and then dropped notably in the following year.
| COUNTRY | Import Value of Frozen Fish Meat in Thailand (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Vietnam | 31.5 | 46.7 | 64.6 | 62.2 | 68.3 | 86.7 | 68.6 | 75.0 | 93.6 | 101 | 68.4 |
| India | 1.8 | 1.6 | 1.0 | 2.0 | 12.7 | 14.8 | 16.4 | 22.6 | 38.7 | 45.1 | 36.9 |
| United States | 5.6 | 5.9 | 15.4 | 15.0 | 30.4 | 30.6 | 17.7 | 17.8 | 13.9 | 22.1 | 12.2 |
| Pakistan | 0.5 | 0.3 | 1.0 | 0.4 | 3.0 | 7.1 | 7.7 | 6.4 | 9.2 | 10.2 | 8.0 |
| Norway | 0.1 | 0.3 | 1.2 | 0.9 | 1.2 | 0.7 | 0.7 | 1.8 | 2.0 | 3.7 | 3.4 |
| China | 1.2 | 1.7 | 4.7 | 5.3 | 2.7 | 2.9 | 1.3 | 1.2 | 1.1 | 2.5 | 1.7 |
| Indonesia | 1.1 | 1.3 | 6.7 | 7.5 | 2.2 | 3.0 | 8.8 | 6.8 | 5.4 | 1.3 | 0.9 |
| Others | 5.4 | 4.4 | 2.4 | 1.9 | 2.1 | 4.9 | 4.4 | 6.0 | 7.0 | 9.5 | 9.5 |
| Total | 47.1 | 62.2 | 96.9 | 95.2 | 123 | 151 | 126 | 138 | 171 | 196 | 141 |
Imports by Country
Vietnam (29K tons), India (16K tons) and the United States (3.8K tons) were the main suppliers of frozen fish meat imports to Thailand, together accounting for 86% of total imports. Pakistan, China, Norway and Indonesia lagged somewhat behind, together comprising a further 8.7%.
From 2013 to 2023, the biggest increases were recorded for Norway (with a CAGR of +41.7%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($68M), India ($37M) and the United States ($12M) appeared to be the largest frozen fish meat suppliers to Thailand, with a combined 83% share of total imports. Pakistan, Norway, China and Indonesia lagged somewhat behind, together accounting for a further 9.9%.
Among the main suppliers, Norway, with a CAGR of +49.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the frozen fish meat price amounted to $2,454 per ton (CIF, Thailand), reducing by -7.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2019 when the average import price increased by 21%. As a result, import price reached the peak level of $3,025 per ton. From 2020 to 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($3,211 per ton), while the price for China ($2,135 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the frozen fish 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 10201500 - Frozen fish meat without bones (excluding fillets)
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.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
