Report Thailand - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 26, 2023

Thailand - Fish Fats and Oils - Market Analysis, Forecast, Size, Trends and Insights

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Thailand: Market for Fish Fats And Oils 2023

Market Size for Fish Fats And Oils in Thailand

The Thai fish fat and oil market expanded slightly to $X in 2021, with an increase of 4.5% against the previous year. In general, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Fish Fats And Oils in Thailand

In value terms, fish fat and oil production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 68%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Fish Fats And Oils

Exports from Thailand

For the fourth year in a row, Thailand recorded growth in shipments abroad of fish fats and oils, which increased by 18% to X tons in 2021. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, fish fat and oil exports reached $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +112.3% against 2014 indices. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Vietnam (X tons), China (X tons) and Malaysia (X tons) were the main destinations of fish fat and oil exports from Thailand, with a combined 58% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +258.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and China ($X) appeared to be the largest markets for fish fat and oil exported from Thailand worldwide, together accounting for 69% of total exports.

China, with a CAGR of +325.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fish fat and oil export price amounted to $X per ton, reducing by -9.6% against the previous year. Overall, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 21%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into Thailand

In 2021, overseas purchases of fish fats and oils increased by 1.4% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 65% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fish fat and oil imports stood at $X in 2021. Over the period under review, imports showed mild growth. The most prominent rate of growth was recorded in 2016 when imports increased by 33%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Chile (X tons) constituted the largest fish fat and oil supplier to Thailand, accounting for a 59% share of total imports. Moreover, fish fat and oil imports from Chile exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), fivefold. The third position in this ranking was taken by Norway (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+27.7% per year) and Norway (+1.5% per year).

In value terms, Chile ($X) constituted the largest supplier of fish fats and oils to Thailand, comprising 44% of total imports. The second position in the ranking was taken by Australia ($X), with a 14% share of total imports. It was followed by New Zealand, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Chile totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+12.8% per year) and New Zealand (+22.5% per year).

Import Prices by Country

The average fish fat and oil import price stood at $X per ton in 2021, rising by 4.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 when the average import price increased by 28%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?
+
Norway constituted the country with the largest volume of fish fat and oil consumption, comprising approx. 98% of total volume.
What are the largest producers of fish fats and oils in the world?
+
The country with the largest volume of fish fat and oil production was Norway, comprising approx. 98% of total volume.
What are the leading suppliers of fish fats and oils to Thailand?
+
In value terms, Chile constituted the largest supplier of fish fats and oils to Thailand, comprising 44% of total imports. The second position in the ranking was taken by Australia, with a 14% share of total imports. It was followed by New Zealand, with a 9.6% share.
What are the leading importers of fish fats and oils from Thailand?
+
In value terms, Japan, Australia and China appeared to be the largest markets for fish fat and oil exported from Thailand worldwide, with a combined 69% share of total exports.
What is the average export price for fish fats and oils in Thailand?
+
In 2021, the average fish fat and oil export price amounted to $3,266 per ton, shrinking by -9.6% against the previous year.
What is the average import price for fish fats and oils in Thailand?
+
The average fish fat and oil import price stood at $1,902 per ton in 2021, surging by 4.2% against the previous year.

This report provides an in-depth analysis of the market for fish fat and oil 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 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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