Thailand - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Salmon Price in Thailand - 2023
Contents:
- Preserved Salmon Price in Thailand (FOB) - 2023
- Preserved Salmon Price in Thailand (CIF) - 2022
- Preserved Salmon Exports in Thailand
- Preserved Salmon Imports in Thailand
Preserved Salmon Price in Thailand (FOB) - 2023
In July 2023, the average preserved salmon export price amounted to $9,233 per ton, picking up by 4.8% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in March 2023 an increase of 15% month-to-month. The export price peaked at $9,501 per ton in April 2023; however, from May 2023 to July 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In July 2023, the countries with the highest prices were Japan ($11,399 per ton) and the United States ($9,337 per ton), while the average price for exports to Australia ($7,658 per ton) and Canada ($8,614 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Preserved Salmon Price in Thailand (CIF) - 2022
The average preserved salmon import price stood at $28,717 per ton in 2022, picking up by 10% against the previous year. Overall, the import price recorded a modest expansion. The pace of growth was the most pronounced in 2013 when the average import price increased by 70%. As a result, import price reached the peak level of $40,397 per ton. From 2014 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($118,305 per ton), while the price for Vietnam ($17,191 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Salmon Exports in Thailand
In 2022, after three years of growth, there was decline in overseas shipments of salmon (prepared or preserved), when their volume decreased by -1.1% to 16K tons. The total export volume increased at an average annual rate of +11.3% 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 35% against the previous year.
In value terms, preserved salmon exports expanded remarkably to $132M in 2022. The total export value increased at an average annual rate of +3.1% from 2019 to 2022; however, 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 Salmon in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 56.0 | 58.0 | 60.1 | 70.2 | 7.8% |
| Japan | 33.9 | 29.6 | 29.3 | 27.3 | -7.0% |
| Australia | 14.4 | 14.9 | 13.3 | 18.9 | 9.5% |
| Canada | 11.8 | 10.8 | 11.7 | 6.5 | -18.0% |
| France | 0.1 | 0.3 | 1.7 | 2.7 | 200.0% |
| Netherlands | 0.2 | 0.4 | 2.0 | 0.6 | 44.2% |
| Others | 4.0 | 4.5 | 5.6 | 5.9 | 13.8% |
| Total | 120 | 118 | 124 | 132 | 3.2% |
Top Export Markets for Preserved Salmon from Thailand in 2022:
- United States (9.2K tons)
- Australia (2.6K tons)
- Japan (2.4K tons)
- Canada (0.8K tons)
- France (0.3K tons)
- Netherlands (0.3K tons)
Preserved Salmon Imports in Thailand
In 2022, the amount of salmon (prepared or preserved) imported into Thailand soared to 27 tons, jumping by 64% on the previous year's figure. In general, imports, however, showed a mild slump.
In value terms, preserved salmon imports surged to $773K in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Preserved Salmon in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 7.6 | 35.5 | 64.8 | 215 | 204.7% |
| France | 12.0 | 0.7 | 0.4 | 128 | 120.1% |
| Poland | 135 | 88.1 | 61.0 | 91.1 | -12.3% |
| Australia | 61.4 | 71.6 | 84.0 | 90.5 | 13.8% |
| Singapore | N/A | N/A | 22.5 | 76.6 | 240.4% |
| New Zealand | 33.2 | 47.4 | 73.8 | 48.7 | 13.6% |
| Japan | 45.6 | 35.0 | 41.9 | 31.2 | -11.9% |
| United Kingdom | 1.9 | 1.4 | 4.5 | 26.5 | 140.7% |
| Taiwan (Chinese) | 41.8 | 35.8 | 31.0 | 13.8 | -30.9% |
| Norway | 45.7 | 21.5 | N/A | 12.9 | -34.4% |
| Germany | 16.6 | N/A | N/A | N/A | 0% |
| Others | 0.6 | 8.2 | 43.9 | 38.1 | 299.0% |
| Total | 401 | 345 | 428 | 773 | 24.5% |
Top Suppliers of Preserved Salmon to Thailand in 2022:
- Germany (undefined tons)
- Vietnam (12.5 tons)
- Poland (4.0 tons)
- Australia (1.9 tons)
- Singapore (1.8 tons)
- Japan (1.6 tons)
- France (1.1 tons)
- United Kingdom (0.9 tons)
- New Zealand (0.9 tons)
- Taiwan (Chinese) (0.6 tons)
- Norway (0.4 tons)
This report provides an in-depth analysis of the preserved salmon 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 10202510 - Prepared or preserved salmon, 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
-
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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330
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.
147
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.
247
In February 2023, the preserved mackerel price was $4,043 per ton FOB Thailand, staying the same compared to the previous month.
112
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.
103
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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330
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.
