Thailand - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Thailand - 2023
Contents:
- Frozen Crustaceans Price in Thailand (FOB) - 2023
- Frozen Crustaceans Price in Thailand (CIF) - 2023
- Frozen Crustaceans Exports in Thailand
- Frozen Crustaceans Imports in Thailand
Frozen Crustaceans Price in Thailand (FOB) - 2023
The average frozen crustaceans export price stood at $10,104 per ton in September 2023, with an increase of 3.4% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $10,616 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United States ($13,053 per ton), while the average price for exports to Singapore ($6,838 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 Singapore (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Price in Thailand (CIF) - 2023
The average frozen crustaceans import price stood at $5,641 per ton in September 2023, approximately mirroring the previous month. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 29% against the previous month. Over the period under review, average import prices attained the maximum at $6,768 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Australia ($8,736 per ton), while the price for Tunisia ($2,328 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Exports in Thailand
In 2022, approx. 66K tons of frozen crustaceans were exported from Thailand; with an increase of 5.7% against 2021. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 6.5%.
In value terms, frozen crustaceans exports rose to $679M in 2022. Over the period under review, exports, however, saw a mild decline. The pace of growth appeared the most rapid in 2021 when exports increased by 9%.
| Export of Frozen Crustaceans in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 185 | 133 | 148 | 219 | 5.8% |
| United States | 208 | 199 | 200 | 152 | -9.9% |
| Japan | 139 | 107 | 118 | 126 | -3.2% |
| Taiwan (Chinese) | 31.0 | 40.2 | 47.6 | 61.2 | 25.4% |
| Canada | 34.5 | 20.1 | 32.3 | 33.1 | -1.4% |
| South Korea | 20.9 | 28.0 | 36.9 | 27.6 | 9.7% |
| Australia | 26.7 | 20.4 | 15.1 | 16.7 | -14.5% |
| United Kingdom | 21.9 | 17.5 | 18.1 | 9.4 | -24.6% |
| Others | 42.0 | 30.6 | 33.4 | 33.9 | -6.9% |
| Total | 709 | 596 | 649 | 679 | -1.4% |
Top Export Markets for Frozen Crustaceans from Thailand in 2022:
- China (22.5K tons)
- Japan (12.5K tons)
- United States (11.7K tons)
- Taiwan (Chinese) (6.8K tons)
- Canada (3.0K tons)
- South Korea (3.0K tons)
- Australia (1.7K tons)
- United Kingdom (0.9K tons)
Frozen Crustaceans Imports in Thailand
In 2022, the amount of frozen crustaceans imported into Thailand declined to 33K tons, waning by -7.4% against 2021 figures. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of 35K tons, and then contracted in the following year.
In value terms, frozen crustaceans imports contracted to $182M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 62%. As a result, imports reached the peak of $201M, and then fell in the following year.
| Import of Frozen Crustaceans in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 2.3 | 8.8 | 73.5 | 52.0 | 182.8% |
| Argentina | 41.0 | 43.1 | 65.7 | 44.8 | 3.0% |
| Bahrain | 24.9 | 15.4 | 7.9 | 14.5 | -16.5% |
| Pakistan | 14.8 | 9.8 | 6.9 | 11.1 | -9.1% |
| India | 7.3 | 4.6 | 6.4 | 9.6 | 9.6% |
| Tunisia | 2.3 | 3.1 | 2.2 | 9.3 | 59.3% |
| Canada | 6.4 | 6.8 | 5.0 | 8.8 | 11.2% |
| Greenland | 3.9 | 3.9 | 4.3 | 3.6 | -2.6% |
| Myanmar | 14.8 | 0.9 | 1.0 | 1.0 | -59.3% |
| Others | 29.3 | 28.3 | 28.5 | 27.7 | -1.9% |
| Total | 147 | 125 | 201 | 182 | 7.4% |
Top Suppliers of Frozen Crustaceans to Thailand in 2022:
- Ecuador (7.9K tons)
- Bahrain (5.9K tons)
- Argentina (4.8K tons)
- Tunisia (4.6K tons)
- Pakistan (3.5K tons)
- India (1.5K tons)
- Canada (1.0K tons)
- Greenland (0.8K tons)
- Myanmar (0.1K tons)
This report provides an in-depth analysis of the frozen crustaceans 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 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
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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