Thailand: Market for Dried Or Salted Fish 2025

Market Size for Dried Or Salted Fish in Thailand

The Thai dried or salted fish market surged to $X in 2021, rising by 41% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Dried or salted fish consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Dried Or Salted Fish in Thailand

In value terms, dried or salted fish production expanded remarkably to $X in 2021 estimated in export price. In general, production recorded a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Dried Or Salted Fish

Exports from Thailand

In 2021, the amount of dried or salted fish exported from Thailand shrank sharply to X tons, which is down by -32.7% against the previous year. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by 88% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, dried or salted fish exports fell markedly to $X in 2021. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2013 with an increase of 30% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sri Lanka (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of dried or salted fish exports from Thailand, together comprising 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +46.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Malaysia ($X) and Indonesia ($X) were the largest markets for dried or salted fish exported from Thailand worldwide, together comprising 68% of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +64.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dried or salted fish export price stood at $X per ton in 2021, growing by 15% against the previous year. Over the period under review, the export price recorded a moderate expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 77% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports into Thailand

In 2021, purchases abroad of dried or salted fish increased by 2.1% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 16%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dried or salted fish imports fell to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 44%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Cambodia (X tons) constituted the largest dried or salted fish supplier to Thailand, with a 83% share of total imports. Moreover, dried or salted fish imports from Cambodia exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual growth rate of volume from Cambodia totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (-5.4% per year) and China (-9.1% per year).

In value terms, the largest dried or salted fish suppliers to Thailand were Cambodia ($X), Vietnam ($X) and Myanmar ($X), with a combined 74% share of total imports. These countries were followed by China and India, which together accounted for a further 10%.

India, with a CAGR of +124.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average dried or salted fish import price amounted to $X per ton, dropping by -15.3% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or salted fish import price decreased by -31.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 55%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+37.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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