Thailand - Tuna (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Tuna Price in Thailand - 2023
Contents:
- Preserved Tuna Price in Thailand (FOB) - 2023
- Preserved Tuna Price in Thailand (CIF) - 2023
- Preserved Tuna Exports in Thailand
- Preserved Tuna Imports in Thailand
Preserved Tuna Price in Thailand (FOB) - 2023
In July 2023, the average preserved tuna export price amounted to $4,784 per ton, stabilizing at the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 6.8% against the previous month. Over the period under review, the average export prices attained the maximum at $4,832 per ton in January 2023; afterwards, it flattened through to July 2023.
There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Japan ($5,558 per ton), while the average price for exports to Egypt ($3,294 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 Israel (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Tuna Price in Thailand (CIF) - 2023
In July 2023, the average preserved tuna import price amounted to $4,258 per ton, increasing by 12% against the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.5%. The most prominent rate of growth was recorded in April 2023 an increase of 36% against the previous month. The import price peaked at $4,358 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Indonesia ($4,989 per ton), while the price for China ($3,867 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 China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Tuna Exports in Thailand
In 2022, approx. 515K tons of tuna (prepared or preserved) were exported from Thailand; picking up by 9.3% on 2021. The total export volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 21%. As a result, the exports attained the peak of 583K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, preserved tuna exports soared to $2.3B in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years.
| Export of Preserved Tuna in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 504 | 669 | 429 | 548 | 2.8% |
| Japan | 194 | 210 | 203 | 216 | 3.6% |
| Australia | 186 | 166 | 151 | 197 | 1.9% |
| Egypt | 138 | 151 | 196 | 172 | 7.6% |
| Libya | 152 | 121 | 73.0 | 140 | -2.7% |
| Canada | 126 | 129 | 109 | 123 | -0.8% |
| Saudi Arabia | 126 | 135 | 86.6 | 112 | -3.9% |
| United Arab Emirates | 65.2 | 49.0 | 72.0 | 103 | 16.5% |
| Israel | 64.3 | 54.6 | 44.4 | 78.7 | 7.0% |
| Chile | 51.0 | 56.0 | 27.5 | 35.1 | -11.7% |
| Peru | 64.4 | 73.7 | 42.6 | 33.5 | -19.6% |
| Yemen | 37.1 | 56.8 | 53.5 | 33.0 | -3.8% |
| South Africa | 39.5 | 22.3 | 30.5 | 32.5 | -6.3% |
| Others | 439 | 462 | 368 | 438 | -0.1% |
| Total | 2,185 | 2,356 | 1,887 | 2,263 | 1.2% |
Top Export Markets for Preserved Tuna from Thailand in 2022:
- United States (113.5K tons)
- Egypt (57.8K tons)
- Japan (40.5K tons)
- Australia (39.2K tons)
- Libya (33.9K tons)
- Canada (25.4K tons)
- Saudi Arabia (25.2K tons)
- United Arab Emirates (22.4K tons)
- Israel (18.2K tons)
- Chile (9.0K tons)
- South Africa (8.7K tons)
- Yemen (7.8K tons)
- Peru (7.2K tons)
Preserved Tuna Imports in Thailand
In 2022, imports of tuna (prepared or preserved) into Thailand surged to 54K tons, rising by 37% against the year before. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.1% 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 +86.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 48%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, preserved tuna imports surged to $196M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Preserved Tuna in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.8 | 85.0 | 67.8 | 101 | 23.4% |
| Indonesia | 50.4 | 47.6 | 45.6 | 70.9 | 12.0% |
| Vietnam | 22.7 | 19.2 | 10.3 | 21.7 | -1.5% |
| Others | 1.5 | 4.1 | 2.0 | 1.7 | 4.3% |
| Total | 128 | 156 | 126 | 196 | 15.3% |
Top Suppliers of Preserved Tuna to Thailand in 2022:
- China (32.1K tons)
- Indonesia (16.7K tons)
- Vietnam (4.8K tons)
This report provides an in-depth analysis of the preserved 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 2030.
Product coverage:
- Prodcom 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole 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
440
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100
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.
145
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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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.
100
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.
