Thailand: Frozen Catfish Market 2022

Frozen Catfish Market Size in Thailand

For the third consecutive year, the Thai frozen catfish market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption posted a significant expansion. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level in 2020 and is likely to see gradual growth in years to come.

Frozen Catfish Production in Thailand

In value terms, frozen catfish production soared to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Frozen Catfish Exports

Exports from Thailand

In 2020, exports of frozen catfish from Thailand declined notably to X tons, waning by -X% against the year before. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen catfish exports fell slightly to $X in 2020. Overall, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen catfish exports from Thailand, accounting for a X% share of total exports. Moreover, frozen catfish exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), sixfold. The third position in this ranking was occupied by Singapore (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+X% per year) and Singapore (+X% per year).

In value terms, the largest markets for frozen catfish exported from Thailand were the United Arab Emirates ($X), the U.S. ($X) and Japan ($X), with a combined X% share of total exports. These countries were followed by Qatar, Kuwait, Singapore, Oman, Bahrain, Saudi Arabia, South Korea, France, Ghana and Maldives, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen catfish export price stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. Over the period under review, average export prices reached the maximum at $X per ton in 2016; afterwards, it flattened through to 2020.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Ghana ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Oman, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Catfish Imports

Imports into Thailand

In 2020, approx. X tons of frozen catfish were imported into Thailand; flattening at the year before. In general, imports saw a pronounced reduction. Imports peaked at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen catfish imports stood at $X in 2020. Overall, imports continue to indicate a abrupt downturn. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of frozen catfish to Thailand, with a X% share of total imports. Moreover, frozen catfish imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sevenfold.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Pakistan (X% per year).

In value terms, China ($X) constituted the largest supplier of frozen catfish to Thailand, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Pakistan (X% per year).

Import Prices by Country

The average frozen catfish import price stood at $X per ton in 2020, almost unchanged from the previous year. Overall, the import price continues to indicate a abrupt downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was India ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by India, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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