Thailand: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Thailand

The Thai frozen fish and seafood market rose remarkably to $X in 2022, surging 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 only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Frozen Fish And Seafood in Thailand

In value terms, frozen fish and seafood production reduced to $X in 2022 estimated in export price. Overall, production showed a noticeable decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Frozen fish and seafood production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Frozen Fish And Seafood

Exports from Thailand

After two years of decline, overseas shipments of frozen fish and seafood increased by X% to X tons in 2022. Overall, exports, however, continue to indicate a abrupt decrease. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports expanded remarkably to $X in 2022. In general, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum 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 fish and seafood exports from Thailand, with a combined X% share of total exports. Vietnam, South Korea, Taiwan (Chinese), Italy, the United Arab Emirates, Canada, Singapore, Malaysia, Myanmar and Hong Kong SAR lagged somewhat behind, together comprising 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 Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 fish and seafood export price stood at $X per ton in 2022, rising by 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%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Myanmar ($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 Fish And Seafood

Imports into Thailand

In 2022, approx. X tons of frozen fish and seafood were imported into Thailand; increasing by X% against the previous year's figure. Overall, imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, frozen fish and seafood imports soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Nauru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Vietnam ($X) and China ($X) were the largest frozen fish and seafood suppliers to Thailand, with a combined X% share of total imports. Taiwan (Chinese), Micronesia, Japan, Nauru, South Korea, Pakistan, Vanuatu, Maldives, Russia and Kiribati lagged somewhat behind, together comprising 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 frozen fish and seafood import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; afterwards, it flattened through to 2022.

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

Frequently Asked Questions (FAQ) :