Thailand - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Thailand - 2023
Contents:
- Frozen Whole Fish Price in Thailand (CIF) - 2023
- Frozen Whole Fish Price in Thailand (FOB) - 2023
- Frozen Whole Fish Imports in Thailand
- Frozen Whole Fish Exports in Thailand
Frozen Whole Fish Price in Thailand (CIF) - 2023
The average frozen whole fish import price stood at $2,073 per ton in July 2023, picking up by 12% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($2,600 per ton), while the price for Pakistan ($1,166 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Price in Thailand (FOB) - 2023
The average frozen whole fish export price stood at $2,272 per ton in July 2023, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in June 2023 an increase of 16% month-to-month. Over the period under review, the average export prices reached the maximum in July 2023.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Taiwan (Chinese) ($6,289 per ton), while the average price for exports to Cambodia ($1,389 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Imports in Thailand
In 2022, the amount of frozen whole fish imported into Thailand expanded modestly to 1.3M tons, picking up by 4.7% compared with 2021. The total import volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 36%. As a result, imports attained the peak of 1.3M tons; afterwards, it flattened through to 2022.
In value terms, frozen whole fish imports soared to $2.2B in 2022. The total import value increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Frozen Whole Fish in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 208 | 278 | 229 | 244 | 5.5% |
| India | 67.6 | 52.1 | 132 | 182 | 39.1% |
| Micronesia | 98.8 | 118 | 160 | 161 | 17.7% |
| Nauru | 11.4 | 89.0 | 105 | 128 | 123.9% |
| Japan | 135 | 172 | 151 | 126 | -2.3% |
| China | 150 | 157 | 114 | 113 | -9.0% |
| South Korea | 121 | 108 | 94.8 | 113 | -2.3% |
| Vanuatu | 22.7 | 87.3 | 60.2 | 96.2 | 61.8% |
| Maldives | 58.9 | 69.4 | 71.8 | 86.8 | 13.8% |
| Kiribati | 48.5 | 75.7 | 62.9 | 69.8 | 12.9% |
| Russia | 34.6 | 52.9 | 69.7 | 62.9 | 22.0% |
| Tuvalu | 9.3 | 8.2 | 15.7 | 56.5 | 82.5% |
| Marshall Islands | 34.2 | 50.8 | 47.0 | 51.5 | 14.6% |
| Others | 673 | 743 | 606 | 734 | 2.9% |
| Total | 1,672 | 2,062 | 1,920 | 2,225 | 10.0% |
Top Suppliers of Frozen Whole Fish to Thailand in 2022:
- Taiwan (Chinese) (135.4K tons)
- Japan (130.5K tons)
- India (113.3K tons)
- Micronesia (97.1K tons)
- Nauru (76.1K tons)
- China (73.3K tons)
- South Korea (70.1K tons)
- Vanuatu (56.9K tons)
- Russia (50.4K tons)
- Maldives (49.8K tons)
- Kiribati (41.3K tons)
- Marshall Islands (33.3K tons)
- Tuvalu (32.1K tons)
Frozen Whole Fish Exports in Thailand
In 2022, shipments abroad of frozen whole fish decreased by -4.5% to 61K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports reached the peak of 69K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, frozen whole fish exports rose notably to $120M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. As a result, the exports reached the peak of $130M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Frozen Whole Fish in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 18.2 | 7.1 | 9.1 | 34.3 | 23.5% |
| Japan | 16.6 | 13.6 | 13.9 | 16.6 | 0.0% |
| China | 31.9 | 57.5 | 20.4 | 12.2 | -27.4% |
| United Arab Emirates | 3.5 | 8.2 | 14.4 | 8.9 | 36.5% |
| United States | 4.1 | 4.6 | 7.5 | 6.2 | 14.8% |
| Seychelles | 2.1 | 6.0 | 3.1 | 6.1 | 42.7% |
| Hong Kong SAR | N/A | 0.5 | 5.7 | 5.1 | 219.4% |
| Singapore | 1.4 | 1.6 | 1.8 | 3.9 | 40.7% |
| Myanmar | 0.1 | 1.9 | 3.8 | 3.2 | 217.5% |
| Qatar | 3.1 | 3.5 | 3.1 | 2.8 | -3.3% |
| Taiwan (Chinese) | 2.1 | 2.2 | 3.3 | 2.6 | 7.4% |
| Cambodia | 0.6 | 0.8 | 1.4 | 2.6 | 63.0% |
| Malaysia | 0.4 | 0.3 | 3.6 | 1.6 | 58.7% |
| Others | 29.7 | 22.0 | 20.2 | 13.7 | -22.7% |
| Total | 114 | 130 | 111 | 120 | 1.7% |
Top Export Markets for Frozen Whole Fish from Thailand in 2022:
- Vietnam (14.9K tons)
- China (7.6K tons)
- Japan (6.1K tons)
- United Arab Emirates (5.9K tons)
- Singapore (2.9K tons)
- United States (2.6K tons)
- Myanmar (2.5K tons)
- Seychelles (2.3K tons)
- Malaysia (2.2K tons)
- Qatar (1.7K tons)
- Cambodia (1.7K tons)
- Hong Kong SAR (1.7K tons)
- Taiwan (Chinese) (1.3K tons)
This report provides an in-depth analysis of the frozen whole fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
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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Frozen Whole Fish saw a significant boost in growth in August 2023, with a 41% increase month-to-month. By January 2024, imports of frozen whole fish had reached a value of $186M.
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The rate of growth for Frozen Whole Fish reached its highest point in August 2023, with a significant increase of 41% compared to the previous month. The value of frozen whole fish imports also saw an expansion, reaching $198M in November 2023.
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From September 2022 to July 2023, the import growth of Frozen Whole Fish failed to regain momentum. The value of Frozen Whole Fish imports dropped to $124M in July 2023.
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In July 2023, the value of imported frozen fish decreased to $139 million.
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Frozen Whole Fish saw a significant boost in growth in August 2023, with a 41% increase month-to-month. By January 2024, imports of frozen whole fish had reached a value of $186M.
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The rate of growth for Frozen Whole Fish reached its highest point in August 2023, with a significant increase of 41% compared to the previous month. The value of frozen whole fish imports also saw an expansion, reaching $198M in November 2023.
