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Thailand - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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Thailand: Overview of the Market for Fish Fats And Oils 2021

Market Size for Fish Fats And Oils in Thailand

For the fourth year in a row, the Thai fish fat and oil market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, the total consumption indicated resilient growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Fish fat and oil consumption peaked in 2020 and is likely to see steady growth in years to come.

Production of Fish Fats And Oils in Thailand

In value terms, fish fat and oil production expanded rapidly to $X in 2020 estimated in export prices. In general, production enjoyed strong growth. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in the near future.

Exports of Fish Fats And Oils

Exports from Thailand

In 2020, shipments abroad of fish fats and oils decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. Overall, exports, however, posted a noticeable increase. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, fish fat and oil exports shrank significantly to $X in 2020. In general, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2019, and then reduced sharply in the following year.

Exports by Country

Japan (X tonnes), Australia (X tonnes) and Malaysia (X tonnes) were the main destinations of fish fat and oil exports from Thailand, together comprising X% of total exports. These countries were followed by Canada, the UK, Iceland, Norway, Germany, Myanmar and Cambodia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for fish fat and oil exports from Thailand, comprising X% of total exports. The second position in the ranking was occupied by Australia ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average fish fat and oil export price amounted to $X per tonne, reducing by -X% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2011 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2019, and then reduced in the following year.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Germany ($X per tonne), while the average price for exports to Cambodia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Australia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into Thailand

In 2020, supplies from abroad of fish fats and oils decreased by -X% to X tonnes, falling for the second year in a row after four years of growth. In general, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, fish fat and oil imports dropped notably to $X in 2020. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Chile (X tonnes), India (X tonnes) and Norway (X tonnes) were the main suppliers of fish fat and oil imports to Thailand, with a combined X% share of total imports. These countries were followed by South Korea, New Zealand, Australia and China, which together accounted for a further X 2007 to 2020, the biggest increases were in China (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), India ($X) and South Korea ($X) appeared to be the largest fish fat and oil suppliers to Thailand, with a combined X% share of total imports. Australia, New Zealand, Norway and China lagged somewhat behind, together comprising a further X the main suppliers, China recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fish fat and oil import price stood at $X per tonne in 2020, remaining relatively unchanged against the previous year. Overall, the import price showed a pronounced setback. The growth pace was the most rapid in 2013 an increase of X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Australia ($X per tonne), while the price for India ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Australia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fish fats and oils in the world?
+
The countries with the highest volumes of fish fat and oil consumption in 2020 were China (711K tonnes), the U.S. (356K tonnes) and India (287K tonnes), with a combined 28% share of global consumption. These countries were followed by Norway, Japan, Russia, Brazil, Mexico, Pakistan, Indonesia, Bangladesh, Nigeria and France, which together accounted for a further 28%.
What are the largest producers of fish fats and oils in the world?
+
The countries with the highest volumes of fish fat and oil production in 2020 were China (665K tonnes), the U.S. (390K tonnes) and India (287K tonnes), with a combined 29% share of global production. Norway, Japan, Russia, Brazil, Mexico, Pakistan, Bangladesh, Indonesia, Nigeria and France lagged somewhat behind, together accounting for a further 28%.
What are the leading suppliers of fish fats and oils to Thailand?
+
In value terms, the largest fish fat and oil suppliers to Thailand were Chile ($1.1M), India ($579K) and South Korea ($452K), together comprising 52% of total imports. Australia, New Zealand, Norway and China lagged somewhat behind, together comprising a further 29%.
What are the leading importers of fish fats and oils from Thailand?
+
In value terms, Japan ($5.5M) remains the key foreign market for fish fat and oil exports from Thailand, comprising 47% of total exports. The second position in the ranking was occupied by Australia ($1.9M), with a 17% share of total exports. It was followed by Germany, with a 8.1% share.
What is the average export price for fish fats and oils in Thailand?
+
In 2020, the average fish fat and oil export price amounted to $4,993 per tonne, falling by -6.7% against the previous year.
What is the average import price for fish fats and oils in Thailand?
+
In 2020, the average fish fat and oil import price amounted to $1,583 per tonne, remaining constant against the previous year.

Product coverage:
• Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)

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 2025.


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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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