Thailand: Market for Frozen Southern Bluefin Tuna 2022

Market Size for Frozen Southern Bluefin Tuna in Thailand

The Thai frozen southern bluefin tuna market expanded markedly to $X in 2020, rising by X% against the previous year. Overall, consumption enjoyed a resilient increase. The growth pace was the most rapid in 2012 when the market value increased by X% against the previous year. Frozen southern bluefin tuna consumption peaked at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Production of Frozen Southern Bluefin Tuna in Thailand

In value terms, frozen southern bluefin tuna production contracted dramatically to $X in 2020 estimated in export prices. Over the period under review, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Exports of Frozen Southern Bluefin Tuna

Exports from Thailand

In 2020, overseas shipments of frozen southern bluefin tuna decreased by -X% to X kg, falling for the second consecutive year after three years of growth. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 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 remained at a lower figure.

In value terms, frozen southern bluefin tuna exports fell significantly to $X in 2020. Overall, exports showed a perceptible descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for frozen southern bluefin tuna exports from Thailand, accounting for a X% share of total exports. Moreover, frozen southern bluefin tuna exports to Qatar exceeded the volume sent to the second major destination, Kuwait (X tons), sevenfold.

From 2007 to 2019, the average annual rate of growth in terms of volume to Qatar amounted to -X%.

In value terms, Qatar ($X) remains the key foreign market for frozen southern bluefin tuna exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Kuwait ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to Qatar totaled +X%.

Export Prices by Country

In 2019, the average frozen southern bluefin tuna export price amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw temperate growth. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2018 to 2019, the growth in terms of the average export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Qatar ($X per ton), while the average price for exports to Kuwait stood at $X per ton.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Qatar.

Imports of Frozen Southern Bluefin Tuna

Imports into Thailand

In 2020, the amount of frozen southern bluefin tuna imported into Thailand shrank dramatically to X kg, reducing by -X% on the year before. Over the period under review, imports recorded a sharp slump. The growth pace was the most rapid in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, frozen southern bluefin tuna imports declined sharply to $X in 2020. Overall, imports faced a dramatic decrease. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Brazil (X kg) constituted the largest supplier of frozen southern bluefin tuna to Thailand, with a X% share of total imports. Moreover, frozen southern bluefin tuna imports from Brazil exceeded the figures recorded by the second-largest supplier, Indonesia (X kg), threefold.

From 2007 to 2020, the average annual growth rate of volume from Brazil totaled -X%.

In value terms, the largest frozen southern bluefin tuna suppliers to Thailand were Brazil ($X) and Indonesia ($X the main suppliers, Brazil saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average frozen southern bluefin tuna import price stood at $X per ton in 2020, surging by X% against the previous year. Over the period under review, the import price saw a resilient increase. The growth pace was the most rapid in 2017 when the average import price increased by X% y-o-y. The import price peaked in 2020 and is expected to retain growth in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was Indonesia ($X per ton), while the price for Brazil stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia (+X% per year).

Source: IndexBox Platform

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