Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand - 2024
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand (FOB) - 2024
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand (CIF) - 2024
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand (FOB) - 2024
In September 2023, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $4,398 per ton, with a decrease of -13% against the previous month. Overall, export price indicated a mild expansion from January 2023 to September 2023: its price increased at an average monthly rate of +1.4% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -13.0% against August 2023 indices. The growth pace was the most rapid in June 2023 when the average export price increased by 18% month-to-month. Over the period under review, the average export prices attained the maximum at $5,056 per ton in August 2023, and then reduced in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($5,674 per ton), while the average price for exports to Bangladesh ($1,635 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand (CIF) - 2024
In September 2023, the average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $2,900 per ton, dropping by -9.7% against the previous month. Over the period under review, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 81% month-to-month. Over the period under review, average import prices reached the maximum at $5,848 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($10,275 per ton), while the price for Chile ($2,214 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand
For the fourth year in a row, Thailand recorded growth in shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s, which increased by 11% to 7.7K tons in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +23.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 43% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s rose rapidly to $24M in 2022. The total export value increased at an average annual rate of +9.3% 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 2021 when exports increased by 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 1.2 | 4.1 | 5.6 | 18.1% |
| Japan | 7.0 | 8.6 | 6.8 | 5.4 | -8.3% |
| Australia | 3.0 | 4.2 | 4.8 | 3.3 | 3.2% |
| United Kingdom | N/A | 0.9 | 2.2 | 2.6 | 70.0% |
| Malaysia | 0.2 | 0.5 | 1.4 | 2.3 | 125.7% |
| Vietnam | 0.8 | 2.2 | 2.1 | 2.3 | 42.2% |
| Germany | 1.4 | 0.6 | 0.3 | 1.9 | 10.7% |
| Switzerland | 1.6 | 0.5 | 0.7 | N/A | -33.9% |
| Others | 0.9 | 1.5 | 0.2 | 0.6 | -12.6% |
| Total | 18.3 | 20.2 | 22.6 | 23.9 | 9.3% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Thailand in 2022:
- Vietnam (1795.9 tons)
- China (1727.4 tons)
- Malaysia (1381.2 tons)
- Japan (974.6 tons)
- United Kingdom (719.1 tons)
- Australia (459.4 tons)
- Germany (331.6 tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand
After three years of growth, purchases abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -26.6% to 7K tons in 2022. Overall, total imports indicated a pronounced expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 44% against the previous year.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s fell to $17M in 2022. The total import value increased at an average annual rate of +10.1% 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 when imports increased by 34% against the previous year.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 5.0 | 7.6 | 8.0 | 6.2 | 7.4% |
| Australia | 1.6 | 2.8 | 2.5 | 3.0 | 23.3% |
| New Zealand | 1.4 | 1.6 | 1.7 | 2.0 | 12.6% |
| China | 0.5 | 0.7 | 0.8 | 1.2 | 33.9% |
| Norway | 1.3 | 1.4 | 1.2 | 1.1 | -5.4% |
| Iceland | 0.5 | 0.7 | 0.7 | 0.9 | 21.6% |
| Peru | 0.4 | 0.5 | 1.0 | 0.8 | 26.0% |
| Japan | 0.2 | N/A | 0.1 | 0.5 | 35.7% |
| Indonesia | N/A | 0.2 | 0.3 | 0.1 | -29.3% |
| Others | 1.9 | 1.6 | 1.6 | 1.2 | -14.2% |
| Total | 12.7 | 17.0 | 18.0 | 16.9 | 10.0% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Thailand in 2022:
- Chile (3491.7 tons)
- New Zealand (920.9 tons)
- Australia (816.2 tons)
- Norway (526.6 tons)
- Japan (284.2 tons)
- China (226.0 tons)
- Peru (166.0 tons)
- Iceland (123.6 tons)
- Indonesia (121.2 tons)
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This report provides an in-depth analysis of the market for fish fat and oil in Thailand.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Thailand.
772
This report provides an in-depth analysis of the global market for fish fat and oil.
608
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
