Thailand - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Yellowfin Tuna Price in Thailand - 2023
Contents:
- Frozen Yellowfin Tuna Price in Thailand (CIF) - 2023
- Frozen Yellowfin Tuna Price in Thailand (FOB) - 2023
- Frozen Yellowfin Tuna Imports in Thailand
- Frozen Yellowfin Tuna Exports in Thailand
Frozen Yellowfin Tuna Price in Thailand (CIF) - 2023
In July 2023, the average frozen yellowfin tuna import price amounted to $2,449 per ton, rising by 13% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Taiwan (Chinese) ($2,974 per ton) and Indonesia ($2,898 per ton), while the price for South Korea ($2,056 per ton) and Kiribati ($2,177 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 Taiwan (Chinese) (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Yellowfin Tuna Price in Thailand (FOB) - 2023
In July 2023, the average frozen yellowfin tuna export price amounted to $2,304 per ton, remaining constant against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 an increase of 15% m-o-m. As a result, the export price attained the peak level of $3,048 per ton. From January 2023 to July 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($4,053 per ton), while the average price for exports to Vietnam ($2,100 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 Japan (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Frozen Yellowfin Tuna Imports in Thailand
In 2022, overseas purchases of frozen yellowfin tuna decreased by -7.9% to 99K tons, falling for the second year in a row after two years of growth. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.0% 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 decreased by -13.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 72% against the previous year. As a result, imports reached the peak of 114K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen yellowfin tuna imports surged to $223M in 2022. The total import value increased at an average annual rate of +14.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 28%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Frozen Yellowfin Tuna in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 25.4 | 37.8 | 33.8 | 44.1 | 20.2% |
| Nauru | 1.2 | 14.4 | 27.6 | 28.4 | 187.1% |
| Micronesia | 9.9 | 17.4 | 25.2 | 22.6 | 31.7% |
| Indonesia | 10.8 | 12.4 | 19.6 | 14.7 | 10.8% |
| Kiribati | 4.7 | 8.7 | 9.6 | 14.7 | 46.2% |
| Vanuatu | 1.5 | 8.9 | 10.9 | 14.0 | 110.5% |
| South Korea | 13.1 | 16.1 | 17.1 | 13.3 | 0.5% |
| Maldives | 12.3 | 15.6 | 8.9 | 12.6 | 0.8% |
| Spain | 3.9 | 1.9 | 1.4 | 8.8 | 31.2% |
| France | 3.3 | 2.4 | 0.9 | 6.7 | 26.6% |
| Philippines | 0.4 | 3.7 | 5.9 | 6.5 | 153.3% |
| China | 10.9 | 11.6 | 5.5 | 5.7 | -19.4% |
| Seychelles | 2.0 | 3.9 | 1.4 | 5.4 | 39.2% |
| Others | 50.3 | 36.9 | 21.3 | 25.9 | -19.8% |
| Total | 150 | 192 | 189 | 223 | 14.1% |
Top Suppliers of Frozen Yellowfin Tuna to Thailand in 2022:
- Taiwan (Chinese) (17.6K tons)
- Nauru (11.8K tons)
- Micronesia (10.6K tons)
- Vanuatu (7.1K tons)
- Kiribati (6.8K tons)
- South Korea (6.6K tons)
- Maldives (6.1K tons)
- Indonesia (4.6K tons)
- Spain (4.6K tons)
- France (3.4K tons)
- Philippines (3.2K tons)
- Seychelles (2.8K tons)
- China (2.6K tons)
Frozen Yellowfin Tuna Exports in Thailand
In 2022, approx. 28K tons of frozen yellowfin tuna were exported from Thailand; growing by 122% on the previous year. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen yellowfin tuna exports soared to $72M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Frozen Yellowfin Tuna in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 17.0 | 6.1 | 8.6 | 44.5 | 37.8% |
| Italy | 8.5 | 4.6 | 4.9 | 9.3 | 3.0% |
| Japan | 7.8 | 4.4 | 7.3 | 8.5 | 2.9% |
| Seychelles | 2.0 | 4.3 | 2.7 | 7.0 | 51.8% |
| Philippines | N/A | 3.1 | 3.2 | 2.5 | -10.2% |
| Spain | 1.5 | 1.6 | N/A | N/A | 6.7% |
| Others | 0.3 | 3.2 | 0.5 | N/A | 29.1% |
| Total | 37.1 | 27.2 | 27.2 | 71.8 | 24.6% |
Top Export Markets for Frozen Yellowfin Tuna from Thailand in 2022:
- Vietnam (18.1K tons)
- Japan (4.3K tons)
- Italy (2.5K tons)
- Seychelles (2.4K tons)
- Philippines (1.2K tons)
This report provides an in-depth analysis of the frozen yellowfin 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
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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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