Thailand - Anchovies (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Anchovies Price in Thailand - 2023
Contents:
- Preserved Anchovies Price in Thailand (CIF) - 2022
- Preserved Anchovies Price in Thailand (FOB) - 2023
- Preserved Anchovies Imports in Thailand
- Preserved Anchovies Exports in Thailand
Preserved Anchovies Price in Thailand (CIF) - 2022
The average preserved anchovies import price stood at $8,740 per ton in 2022, growing by 19% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2015 when the average import price increased by 63%. As a result, import price attained the peak level of $21,755 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
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 Morocco ($21,189 per ton), while the price for Vietnam ($7,588 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Anchovies Price in Thailand (FOB) - 2023
The average preserved anchovies export price stood at $6,515 per ton in July 2023, approximately equating the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average export price increased by 71% month-to-month. As a result, the export price reached the peak level of $9,127 per ton. From October 2022 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 the United States ($11,458 per ton), while the average price for exports to South Korea ($2,665 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 (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Anchovies Imports in Thailand
In 2022, preserved anchovies imports into Thailand rose modestly to 263 tons, with an increase of 4.2% compared with 2021 figures. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 100%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, preserved anchovies imports soared to $2.3M in 2022. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +94.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Preserved Anchovies in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,379 | 195 | 395 | 1,118 | -6.8% |
| Japan | 300 | 803 | 1,190 | 874 | 42.8% |
| Italy | 133 | 87.6 | 73.5 | 173 | 9.2% |
| Morocco | 180 | 88.9 | 113 | 98.2 | -18.3% |
| Others | 14.3 | 11.8 | 81.0 | 38.8 | 39.5% |
| Total | 2,007 | 1,186 | 1,853 | 2,302 | 4.7% |
Top Suppliers of Preserved Anchovies to Thailand in 2022:
- Vietnam (147.4 tons)
- Japan (95.8 tons)
- Italy (13.6 tons)
- Morocco (4.6 tons)
Preserved Anchovies Exports in Thailand
In 2022, the amount of anchovies (prepared or preserved) exported from Thailand amounted to 243 tons, increasing by 9.6% compared with the previous year. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved anchovies exports surged to $1.6M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Preserved Anchovies in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,062 | 1,002 | 956 | 967 | -3.1% |
| United States | 87.0 | 83.0 | 90.2 | 250 | 42.2% |
| Hong Kong SAR | 139 | 91.5 | 111 | 164 | 5.7% |
| Australia | 45.3 | 122 | 132 | 100 | 30.2% |
| Canada | 6.3 | 51.1 | 43.9 | 45.7 | 93.6% |
| Singapore | 61.8 | 2.4 | 9.0 | 44.6 | -10.3% |
| Bangladesh | N/A | N/A | N/A | 5.3 | 0% |
| Others | 129 | 14.6 | 27.3 | 57.6 | -23.6% |
| Total | 1,531 | 1,367 | 1,369 | 1,634 | 2.2% |
Top Export Markets for Preserved Anchovies from Thailand in 2022:
- Japan (158.1 tons)
- Hong Kong SAR (25.4 tons)
- United States (22.4 tons)
- Australia (11.7 tons)
- Singapore (7.9 tons)
- Canada (6.3 tons)
- Bangladesh (5.4 tons)
This report provides an in-depth analysis of the preserved anchovies 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 10202560 - Prepared or preserved anchovies, whole or in pieces (excluding minced products and prepared meals and dishes)
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
376
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146
In August 2023, the growth rate reached its peak with a staggering 902% increase compared to the previous month. The value of imported Preserved Anchovies, however, drastically declined to $149K in September 2023.
246
In February 2023, the preserved mackerel price was $4,043 per ton FOB Thailand, staying the same compared to the previous month.
328
The price of Preserved Salmon in July 2023 was $9,233 per ton (FOB, Thailand), representing a 4.8% increase compared to the previous month.
105
In March 2023, Preserved Sardines saw a striking 48% month-on-month growth in exports. However, by January 2024, the value of preserved sardines exports decreased to $11M.
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In May 2023, the pace of growth for Preserved Tuna exports was at its fastest with a 26% increase from the previous month. By January 2024, the total value of Preserved Tuna exports reached $180M.
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During the period from November 2022 to September 2023, there was a noticeable decline in the growth of exports. The value of Battered Fish Fillet exports significantly dropped to $5.8M in September 2023.
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Global demand for fish fillets in batter or breadcrumbs is projected to rise in the coming years. The market is expected to see growth in both volume and value terms, with China, the United States, and Japan leading in consumption and production. Imports and exports of battered fish fillets are also expected to increase, with notable fluctuations in trends.
146
In August 2023, the growth rate reached its peak with a staggering 902% increase compared to the previous month. The value of imported Preserved Anchovies, however, drastically declined to $149K in September 2023.
