Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand - 2023

Contents:

  1. Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand (CIF) - 2023
  2. Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand (FOB) - 2022
  3. Imports of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand
  4. Exports of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand

Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand (CIF) - 2023

The average import price for fish fillets; frozen, alaska pollack (theraga chalcogramma)s stood at $4,988 per ton in November 2023, growing by 8.4% against the previous month. In general, import price indicated a modest increase from December 2022 to November 2023: its price increased at an average monthly rate of +1.7% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for fish fillets; frozen, alaska pollack (theraga chalcogramma)s decreased by -3.1% against September 2023 indices. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 54% m-o-m. The import price peaked at $5,978 per ton in May 2023; however, from June 2023 to November 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($5,191 per ton), while the price for Vietnam totaled $4,022 per ton.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the prices for the other major suppliers experienced a decline.

Price for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand (FOB) - 2022

In 2022, the average export price for fish fillets; frozen, alaska pollack (theraga chalcogramma)s amounted to $4,928 per ton, waning by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2020 when the average export price increased by 27%. As a result, the export price reached the peak level of $5,133 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($7,120 per ton), while the average price for exports to Japan ($3,383 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand

In 2022, approx. 2.7K tons of fish fillets; frozen, alaska pollack (theraga chalcogramma)s were imported into Thailand; picking up by 49% against the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 increased by +75.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of fish fillets; frozen, alaska pollack (theraga chalcogramma)s surged to $14M in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States6.16.57.19.013.8%
Russia0.2N/A0.53.5159.6%
China0.10.1N/A1.4141.0%
OthersN/AN/AN/AN/A0%
Total6.46.57.613.929.5%

Top Suppliers of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) to Thailand in 2022:

  1. United States (1702.0 tons)
  2. Russia (668.6 tons)
  3. China (355.6 tons)

Exports of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand

In 2022, the amount of fish fillets; frozen, alaska pollack (theraga chalcogramma)s exported from Thailand fell remarkably to 105 tons, reducing by -42.1% compared with the year before. In general, exports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 when exports increased by 7.7%.

In value terms, exports of fish fillets; frozen, alaska pollack (theraga chalcogramma)s dropped notably to $517K in 2022. Overall, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 5.1%.

Export of Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore405382315208-19.9%
South Korea360272294156-24.3%
Japan1,891133266153-56.7%
Taiwan (Chinese)11176.8N/AN/A-30.8%
Others0.4N/A32.60.1-37.0%
Total2,768863907517-42.8%

Top Export Markets for Fish Fillets; Frozen, Alaska Pollack (Theraga Chalcogramma) from Thailand in 2022:

  1. Japan (45.1 tons)
  2. Singapore (37.8 tons)
  3. South Korea (21.9 tons)

Source: IndexBox Market Intelligence Platform

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