Thailand: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in Thailand

The Thai market for jellyfish, dried, salted or in brine, smoked soared to $X in 2022, increasing by 35% against the previous year. Overall, consumption saw a significant increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Jellyfish, Dried, Salted Or In Brine, Smoked in Thailand

In value terms, production of jellyfish, dried, salted or in brine, smoked rose modestly to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 73%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports from Thailand

Exports of jellyfish, dried, salted or in brine, smoked from Thailand shrank sharply to X tons in 2022, waning by -17.4% on the previous year's figure. Overall, exports, however, continue to indicate a slight increase. The pace of growth was the most pronounced in 2017 with an increase of 65%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of jellyfish, dried, salted or in brine, smoked shrank markedly to $X in 2022. Over the period under review, exports, however, showed tangible growth. The most prominent rate of growth was recorded in 2017 when exports increased by 74%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

South Korea (X tons), Japan (X tons) and China (X tons) were the main destinations of exports of jellyfish, dried, salted or in brine, smoked from Thailand, together accounting for 89% of total exports. Hong Kong SAR, Taiwan (Chinese) and Malaysia lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +99.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jellyfish, dried, salted or in brine, smoked exported from Thailand were Japan ($X), South Korea ($X) and China ($X), with a combined 93% share of total exports. Hong Kong SAR, Taiwan (Chinese) and Malaysia lagged somewhat behind, together accounting for a further 6.6%.

Hong Kong SAR, with a CAGR of +79.1%, 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

In 2022, the average export price for jellyfish, dried, salted or in brine, smoked amounted to $X per ton, reducing by -10.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 20% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Hong Kong SAR ($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 Malaysia (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports into Thailand

In 2022, imports of jellyfish, dried, salted or in brine, smoked into Thailand soared to X tons, growing by 53% against 2021 figures. Over the period under review, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 497%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of jellyfish, dried, salted or in brine, smoked skyrocketed to $X in 2022. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 754%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Myanmar (X tons) constituted the largest jellyfish, dried, salted or in brine, smoked supplier to Thailand, accounting for a 73% share of total imports. Moreover, imports of jellyfish, dried, salted or in brine, smoked from Myanmar exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The third position in this ranking was held by Vietnam (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from Myanmar amounted to +47.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.3% per year) and Vietnam (-10.7% per year).

In value terms, Myanmar ($X) constituted the largest supplier of jellyfish, dried, salted or in brine, smoked to Thailand, comprising 75% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by India, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Myanmar totaled +42.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.7% per year) and India (+125.8% per year).

Import Prices by Country

The average import price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, growing by 100% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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