Thailand: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Thailand

The Thai market for frozen, dried and smoked fish reached $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Frozen, dried and smoked fish consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Frozen, Dried And Smoked Fish in Thailand

In value terms, frozen, dried and smoked fish production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, saw a mild slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Thailand

For the sixth year in a row, Thailand recorded decline in shipments abroad of frozen, dried and smoked fish, which decreased by X% to X tons in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, frozen, dried and smoked fish exports reached $X in 2022. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main destinations of frozen, dried and smoked fish exports from Thailand, together comprising X% of total exports. Vietnam, Taiwan (Chinese), Malaysia, Sri Lanka, the United Arab Emirates, South Korea, Singapore, Canada, Hong Kong SAR and Myanmar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) constituted the largest markets for frozen, dried and smoked fish exported from Thailand worldwide, together comprising X% of total exports. Taiwan (Chinese), Canada, Vietnam, South Korea, Hong Kong SAR, Singapore, Malaysia, the United Arab Emirates, Sri Lanka and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, 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 export price for frozen, dried and smoked fish stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Sri Lanka ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Thailand

Frozen, dried and smoked fish imports into Thailand expanded rapidly to X tons in 2022, with an increase of X% compared with the previous year's figure. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Taiwan (Chinese) (X tons), India (X tons) and Japan (X tons) were the main suppliers of frozen, dried and smoked fish imports to Thailand, together comprising X% of total imports. Micronesia, Vietnam, Nauru, China, South Korea, Vanuatu, Russia, Maldives, Kiribati and Marshall Islands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Nauru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish suppliers to Thailand were Taiwan (Chinese) ($X), India ($X) and Vietnam ($X), with a combined X% share of total imports. Micronesia, Japan, China, Nauru, South Korea, Vanuatu, Maldives, Russia, Kiribati and Marshall Islands lagged somewhat behind, together accounting for a further X%.

Nauru, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nauru (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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