Thailand - Bigeye Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBigeye Tuna Price in Thailand - 2023
Contents:
- Bigeye Tuna Price in Thailand (CIF) - 2023
- Bigeye Tuna Price in Thailand (FOB) - 2022
- Bigeye Tuna Imports in Thailand
- Bigeye Tuna Exports in Thailand
Bigeye Tuna Price in Thailand (CIF) - 2023
The average bigeye tuna import price stood at $1,975 per ton in July 2023, growing by 1.8% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 6.2% m-o-m. Over the period under review, average import prices hit record highs in July 2023.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Micronesia ($2,060 per ton) and Marshall Islands ($2,057 per ton), while the price for Taiwan (Chinese) ($1,866 per ton) and Kiribati ($1,942 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Marshall Islands (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Bigeye Tuna Price in Thailand (FOB) - 2022
In 2022, the average bigeye tuna export price amounted to $1,417 per ton, surging by 3% against the previous year. Overall, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 47%. The export price peaked at $3,441 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($1,592 per ton), while the average price for exports to the Philippines stood at $1,385 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Bigeye Tuna Imports in Thailand
After three years of growth, purchases abroad of bigeye tuna decreased by -24.4% to 24K tons in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 87%.
In value terms, bigeye tuna imports dropped to $41M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.4% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 59% against the previous year.
| Import of Bigeye Tuna in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.8 | 6.4 | 8.1 | 6.3 | 31.0% |
| Micronesia | 2.7 | 4.0 | 10.2 | 5.7 | 28.3% |
| Marshall Islands | 2.0 | 2.0 | 2.9 | 4.2 | 28.1% |
| Nauru | 0.2 | 3.4 | 5.3 | 4.1 | 173.7% |
| Vanuatu | 0.2 | 3.0 | 3.7 | 2.8 | 141.0% |
| Kiribati | 1.4 | 4.9 | 4.4 | 2.8 | 26.0% |
| Spain | 0.4 | 0.5 | 0.1 | 2.8 | 91.3% |
| South Korea | 2.8 | 2.2 | 3.9 | 2.5 | -3.7% |
| Tuvalu | 0.1 | 0.6 | 1.0 | 2.4 | 188.4% |
| Indonesia | 1.4 | 0.4 | 0.6 | 2.0 | 12.6% |
| France | 1.0 | 0.3 | 0.2 | 1.1 | 3.2% |
| United States | 1.0 | 2.6 | 1.4 | 0.1 | -53.6% |
| China | 2.5 | 0.5 | 0.1 | 0.1 | -65.8% |
| Others | 3.5 | 4.3 | 2.9 | 4.3 | 7.1% |
| Total | 22.0 | 34.9 | 44.9 | 41.2 | 23.3% |
Top Suppliers of Bigeye Tuna to Thailand in 2022:
- China (undefinedK tons)
- Taiwan (Chinese) (3.4K tons)
- Micronesia (3.4K tons)
- Marshall Islands (2.6K tons)
- Nauru (2.4K tons)
- Tuvalu (1.9K tons)
- Kiribati (1.7K tons)
- Spain (1.7K tons)
- Vanuatu (1.6K tons)
- South Korea (1.5K tons)
- Indonesia (1.1K tons)
- France (0.7K tons)
- United States (0.1K tons)
Bigeye Tuna Exports in Thailand
After three years of growth, overseas shipments of bigeye tuna decreased by -22.1% to 1K tons in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,199% against the previous year. As a result, the exports attained the peak of 1.3K tons, and then contracted sharply in the following year.
In value terms, bigeye tuna exports reduced rapidly to $1.5M in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,121% against the previous year. As a result, the exports reached the peak of $1.8M, and then declined significantly in the following year.
| Export of Bigeye Tuna in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | N/A | 131 | 1,216 | 828.2% |
| Costa Rica | N/A | 145 | 1,651 | 260 | 33.9% |
| Others | 35.2 | 6.1 | 56.5 | N/A | 26.7% |
| Total | 35.2 | 151 | 1,839 | 1,475 | 247.3% |
Top Export Markets for Bigeye Tuna from Thailand in 2022:
- Philippines (878.0 tons)
- Costa Rica (163.1 tons)
This report provides an in-depth analysis of the bigeye tuna 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 2025.
Product coverage:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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