Report Update Nov 1, 2024

Thailand - Herrings (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Preserved Herring Market 2024

Preserved Herring Market Size in Thailand

After two years of decline, the Thai preserved herring market increased by 3.8% to $X in 2021. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.7% against 2018 indices. Preserved herring consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Herring Production in Thailand

In value terms, preserved herring production reached $X in 2021 estimated in export price. In general, production recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. Preserved herring production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Preserved Herring Exports

Exports from Thailand

In 2021, preserved herring exports from Thailand soared to X tons, picking up by 35% compared with the previous year. Over the period under review, exports recorded a perceptible increase. The pace of growth was the most pronounced in 2018 when exports increased by 75% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved herring exports declined to $X in 2021. In general, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 98% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) and Cambodia (X tons) were the main destinations of preserved herring exports from Thailand.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +99.6%).

In value terms, Japan ($X) remains the key foreign market for herrings (prepared or preserved) exports from Thailand, comprising 83% of total exports. The second position in the ranking was held by Cambodia ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +14.4%.

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2021, shrinking by -28.3% against the previous year. Overall, the export price, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 an increase of 52% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Cambodia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Herring Imports

Imports into Thailand

In 2021, overseas purchases of herrings (prepared or preserved) increased by 52% to X tons, rising for the third consecutive year after five years of decline. In general, imports continue to indicate a modest increase. The pace of growth appeared the most rapid in 2020 when imports increased by 93% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, preserved herring imports skyrocketed to $X in 2021. Overall, imports saw a remarkable increase. The growth pace was the most rapid in 2020 when imports increased by 125%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) was the main supplier of preserved herring to Thailand, with a 98% share of total imports. It was followed by France (X kg), with a 1.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Japan stood at +27.8%.

In value terms, Japan ($X) constituted the largest supplier of herrings (prepared or preserved) to Thailand, comprising 96% of total imports. The second position in the ranking was taken by France ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +17.0%.

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2021, declining by -19.8% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2019 an increase of 42%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced notably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Japan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for herrings (prepared or preserved) in the world?

China constituted the country with the largest volume of preserved herring consumption, comprising approx. 18% of total volume. Moreover, preserved herring consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of herrings (prepared or preserved) in the world?

China constituted the country with the largest volume of preserved herring production, accounting for 18% of total volume. Moreover, preserved herring production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 6% share.

What are the leading suppliers of herrings (prepared or preserved) to Thailand?

In value terms, Japan constituted the largest supplier of preserved herring to Thailand.

What are the leading importers of herrings (prepared or preserved) from Thailand?

In value terms, Japan remains the key foreign market for preserved herring exports from Thailand, comprising 83% of total exports. The second position in the ranking was occupied by Cambodia, with a 16% share of total exports.

What is the average export price for herrings (prepared or preserved) in Thailand?

The average preserved herring export price stood at $4,570 per ton in 2021, which is down by -14.4% against the previous year.

What is the average import price for herrings (prepared or preserved) in Thailand?

In 2021, the average preserved herring import price amounted to $8,443 per ton, which is down by -42.1% against the previous year.

This report provides an in-depth analysis of the preserved herring market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023