Price for Smoked Fish, Incl. Fillets in Thailand - 2023

Contents:

1. Price for Smoked Fish, Incl. Fillets in Thailand (FOB) - 2023
2. Price for Smoked Fish, Incl. Fillets in Thailand (CIF) - 2022
3. Exports of Smoked Fish, Incl. Fillets in Thailand
4. Imports of Smoked Fish, Incl. Fillets in Thailand

Price for Smoked Fish, Incl. Fillets in Thailand (FOB) - 2023

The average smoked fish, incl. fillets export price stood at $8,939 per ton in July 2023, increasing by 9.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in June 2023 an increase of 25% against the previous month. Over the period under review, the average export prices attained the peak figure at $8,950 per ton in January 2023; afterwards, it flattened through to July 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($11,085 per ton), while the average price for exports to Nigeria ($4,002 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 Australia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Smoked Fish, Incl. Fillets in Thailand (CIF) - 2022

In 2022, the average smoked fish, incl. fillets import price amounted to $10,977 per ton, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2020 an increase of 36% against the previous year. As a result, import price reached the peak level of $11,335 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Japan ($15,258 per ton), while the price for Indonesia ($9,660 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+55.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Smoked Fish, Incl. Fillets in Thailand

Smoked fish, incl. fillets exports from Thailand expanded significantly to 1.4K tons in 2022, with an increase of 13% on the previous year. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. As a result, the exports attained the peak of 1.5K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, smoked fish, incl. fillets exports surged to $10M in 2022. The total export value increased at an average annual rate of +10.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 26%. The exports peaked in 2022 and are likely to continue growth in the near future.

Top Export Markets for Smoked Fish, Incl. Fillets from Thailand in 2022:

1. Japan (588.2 tons)
2. Nigeria (423.1 tons)
3. South Korea (282.4 tons)
4. United States (65.1 tons)
5. Italy (24.6 tons)
6. Togo (24.1 tons)
7. Australia (20.6 tons)
8. United Kingdom (6.5 tons)

Imports of Smoked Fish, Incl. Fillets in Thailand

In 2022, supplies from abroad of smoked fish, incl. fillets was finally on the rise to reach 86 tons after two years of decline. Over the period under review, imports enjoyed a pronounced expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, smoked fish, incl. fillets imports skyrocketed to $940K in 2022. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Smoked Fish, Incl. Fillets to Thailand in 2022:

1. Indonesia (39.5 tons)
2. Vietnam (34.9 tons)
3. Japan (9.3 tons)

Source: IndexBox Market Intelligence Platform