Thailand - Frozen Catfish - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Catfish Price in Thailand - 2023
Contents:
- Frozen Catfish Price in Thailand (FOB) - 2023
- Frozen Catfish Price in Thailand (CIF) - 2022
- Frozen Catfish Exports in Thailand
- Frozen Catfish Imports in Thailand
Frozen Catfish Price in Thailand (FOB) - 2023
In September 2023, the average frozen catfish export price amounted to $2,209 per ton, which is down by -8.5% against the previous month. Over the period under review, export price indicated modest growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, frozen catfish export price decreased by -10.0% against July 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 42% month-to-month. The export price peaked at $2,454 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Kuwait ($2,874 per ton), while the average price for exports to Qatar ($1,897 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Catfish Price in Thailand (CIF) - 2022
The average frozen catfish import price stood at $1,638 per ton in 2022, jumping by 40% against the previous year. Over the period under review, the import price, however, recorded a precipitous setback. The pace of growth appeared the most rapid in 2021 an increase of 45%. Over the period under review, average import prices attained the maximum at $22,776 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($2,317 per ton), while the price for India ($865 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Catfish Exports in Thailand
In 2022, the amount of frozen catfish exported from Thailand expanded remarkably to 2.1K tons, rising by 7.3% against 2021. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, frozen catfish exports shrank to $3.2M in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of $3.4M, and then fell in the following year.
Export of Frozen Catfish in Thailand (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | 682 | 1,317 | 1,112 | 27.7% |
Qatar | 126 | 251 | 498 | 402 | 47.2% |
Bahrain | 186 | 123 | 311 | 374 | 26.2% |
Oman | 1.5 | 123 | 287 | 248 | 448.8% |
Japan | 248 | 291 | 254 | 225 | -3.2% |
Maldives | 103 | 39.1 | 55.7 | 167 | 17.5% |
South Korea | 316 | 83.1 | 146 | 149 | -22.2% |
Kuwait | 126 | 168 | 127 | 84.7 | -12.4% |
France | 111 | 41.8 | 65.0 | 37.2 | -30.5% |
Saudi Arabia | 1,371 | 106 | 48.5 | 25.4 | -73.5% |
Others | 170 | 784 | 281 | 387 | 31.5% |
Total | 2,759 | 2,693 | 3,391 | 3,211 | 5.2% |
Top Export Markets for Frozen Catfish from Thailand in 2022:
- United Arab Emirates (938.8 tons)
- Qatar (293.9 tons)
- Bahrain (251.3 tons)
- Oman (154.0 tons)
- Maldives (118.7 tons)
- Japan (101.6 tons)
- Kuwait (56.0 tons)
- South Korea (53.4 tons)
- Saudi Arabia (15.8 tons)
- France (13.2 tons)
Frozen Catfish Imports in Thailand
Frozen catfish imports into Thailand soared to 131 tons in 2022, increasing by 43% compared with the previous year's figure. Overall, imports, however, continue to indicate a perceptible slump.
In value terms, frozen catfish imports surged to $214K in 2022. Over the period under review, imports showed a slight expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Frozen Catfish in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 84.0 | 126 | 54.9 | 112 | 10.1% |
Vietnam | 21.9 | N/A | 15.5 | 85.6 | 57.5% |
India | 1.6 | 18.3 | 19.4 | 16.2 | 116.3% |
Myanmar | 88.5 | 0.5 | N/A | N/A | -99.4% |
Pakistan | 8.0 | 9.2 | 0.9 | N/A | -66.5% |
Others | N/A | N/A | 16.3 | N/A | 0% |
Total | 204 | 154 | 107 | 214 | 1.6% |
Top Suppliers of Frozen Catfish to Thailand in 2022:
- China (75.0 tons)
- Vietnam (37.0 tons)
- India (18.7 tons)
This report provides an in-depth analysis of the frozen catfish 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
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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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