Thailand: Tilapias Market 2022

Tilapias Market Size in Thailand

The Thai tilapias market was estimated at $X in 2021, almost unchanged from the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Tilapias consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Tilapias Production in Thailand

In value terms, tilapias production rose notably to $X in 2021 estimated in export price. In general, production posted a slight expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Tilapias Exports

Exports from Thailand

In 2021, shipments abroad of tilapias was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, tilapias exports soared to $X in 2021. In general, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cambodia (X tons) was the main destination for tilapias exports from Thailand, accounting for a X% share of total exports. Moreover, tilapias exports to Cambodia exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cambodia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and Malaysia (-X% per year).

In value terms, the United States ($X) remains the key foreign market for tilapias exports from Thailand, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+X% per year) and Italy (+X% per year).

Export Prices by Country

The average tilapias export price stood at $X per ton in 2021, declining by -X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Tilapias Imports

Imports into Thailand

In 2021, the amount of tilapias imported into Thailand surged to X tons, jumping by X% compared with the previous year's figure. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, tilapias imports skyrocketed to $X in 2021. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Indonesia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of tilapias imports to Thailand, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Taiwan (Chinese) ($X) were the largest tilapias suppliers to Thailand, with a combined X% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average tilapias import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per ton), while the price for Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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