Thailand: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Thailand

The Thai meat and fish extracts market dropped sharply to $X in 2021, which is down by -38.5% against the previous year. Overall, consumption continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Thailand

In value terms, meat and fish extracts production dropped to $X in 2021 estimated in export price. In general, production showed a slight slump. The pace of growth was the most pronounced in 2020 when the production volume increased by 30%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from Thailand

Meat and fish extracts exports from Thailand totaled X tons in 2021, increasing by 2.2% compared with the previous year's figure. In general, exports recorded measured growth. The pace of growth was the most pronounced in 2020 with an increase of 121%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, meat and fish extracts exports rose remarkably to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 8.4% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of meat and fish extracts exports from Thailand, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +12.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and the Philippines ($X) appeared to be the largest markets for meat and fish extracts exported from Thailand worldwide, with a combined 68% share of total exports.

In terms of the main countries of destination, the Philippines, with a CAGR of +9.2%, saw the highest growth rate of 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 meat and fish extracts export price stood at $X per ton in 2021, rising by 4.8% against the previous year. Overall, the export price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of 19%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the Philippines ($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 South Korea (+5.4%), while the prices for the other major destinations experienced a decline.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into Thailand

In 2021, the amount of extracts and juices of meat, fish, crustaceans and molluscs imported into Thailand soared to X tons, surging by 17% on the previous year's figure. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 162%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, meat and fish extracts imports soared to $X in 2021. In general, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2019 with an increase of 146%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and Malaysia (X tons) were the main suppliers of meat and fish extracts imports to Thailand, together comprising 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +51.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of extracts and juices of meat, fish, crustaceans and molluscs to Thailand, comprising 54% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 24% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+58.5% per year) and South Korea (+10.4% per year).

Import Prices by Country

The average meat and fish extracts import price stood at $X per ton in 2021, increasing by 15% against the previous year. Overall, the import price, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2017 an increase of 23%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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