Thailand: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in Thailand

The Thai market for fresh or chilled salmonoids fillets skyrocketed to $X in 2022, increasing by 23% against the previous year. Overall, consumption enjoyed a significant increase. Fresh or chilled salmonoids fillets consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Production of Fresh Or Chilled Salmonoids Fillets in Thailand

In value terms, fresh or chilled salmonoids fillets production soared to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports from Thailand

In 2022, the amount of fresh or chilled salmonoids fillets exported from Thailand rose modestly to X kg, surging by 3.8% on the previous year's figure. Overall, exports, however, faced a dramatic slump. The growth pace was the most rapid in 2017 with an increase of 408% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, fresh or chilled salmonoids fillets exports declined to $X in 2022. Over the period under review, exports, however, saw a dramatic curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 730% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X kg) was the main destination for fresh or chilled salmonoids fillets exports from Thailand, with a 89% share of total exports. Moreover, fresh or chilled salmonoids fillets exports to Malaysia exceeded the volume sent to the second major destination, Japan (X kg), more than tenfold. The United States (X kg) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled -37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-49.1% per year) and the United States (-18.8% per year).

In value terms, Malaysia ($X) emerged as the key foreign market for fresh or chilled salmonoids fillets exports from Thailand, comprising 98% of total exports. The second position in the ranking was taken by Japan ($X), with a 1.5% share of total exports. It was followed by the United States, with less than 0.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia amounted to +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-36.9% per year) and the United States (-21.3% per year).

Export Prices by Country

The average export price for fresh or chilled salmonoids fillets stood at $X per ton in 2022, reducing by -18% against the previous year. Overall, the export price, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 an increase of 21,579% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined sharply in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+68.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports into Thailand

In 2018, purchases abroad of fresh or chilled salmonoids fillets decreased by 0% to X kg for the first time since 2014, thus ending a three-year declining trend. Over the period under review, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2014 when imports increased by 917%. As a result, imports reached the peak of X tons. From 2015 to 2018, the growth of imports remained at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets imports totaled $X in 2018. In general, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2014 when imports increased by 74% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2018, the growth of imports failed to regain momentum.

Imports by Country

In 2018, Myanmar (X kg) constituted the largest supplier of fresh or chilled salmonoids fillets to Thailand, accounting for a 83% share of total imports. Moreover, fresh or chilled salmonoids fillets imports from Myanmar exceeded the figures recorded by the second-largest supplier, Japan (X kg), fivefold.

From 2012 to 2018, the average annual rate of growth in terms of volume from Myanmar was relatively modest.

In value terms, Myanmar ($X) constituted the largest supplier of fresh or chilled salmonoids fillets to Thailand, comprising 98% of total imports. The second position in the ranking was held by Japan ($X), with a 2.1% share of total imports.

From 2012 to 2018, the average annual growth rate of value from Myanmar was relatively modest.

Import Prices by Country

The average import price for fresh or chilled salmonoids fillets stood at $X per ton in 2018, approximately equating the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2013 when the average import price decreased by -18.9% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, amid the top importers, the country with the highest price was Myanmar ($X per ton), while the price for Japan stood at $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was attained by Australia (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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