Thailand: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Thailand

The Thai market for frozen, dried and smoked fish contracted modestly to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2022, and then fell in the following year.

Production of Frozen, Dried And Smoked Fish in Thailand

In value terms, frozen, dried and smoked fish production dropped modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Frozen, dried and smoked fish production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Frozen, Dried And Smoked Fish

Exports from Thailand

Frozen, dried and smoked fish exports from Thailand declined to X tons in 2023, shrinking by X% on 2022. In general, exports saw a drastic downturn. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish exports declined to $X in 2023. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main destinations of frozen, dried and smoked fish exports from Thailand, together accounting for X% of total exports. Vietnam, Taiwan (Chinese), Sri Lanka, Malaysia, the United Arab Emirates, South Korea, Qatar, Singapore, Cambodia and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Cambodia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen, dried and smoked fish exported from Thailand were China ($X), Japan ($X) and the United States ($X), together comprising X% of total exports. Taiwan (Chinese), South Korea, Vietnam, Hong Kong SAR, Singapore, the United Arab Emirates, Malaysia, Sri Lanka, Qatar and Cambodia lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, recorded 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

The average export price for frozen, dried and smoked fish stood at $X per ton in 2023, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Thailand

Frozen, dried and smoked fish imports into Thailand shrank to X tons in 2023, with a decrease of X% compared with the previous year. In general, imports recorded a mild decline. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, frozen, dried and smoked fish imports shrank to $X in 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then dropped in the following year.

Imports by Country

India (X tons), Taiwan (Chinese) (X tons) and Nauru (X tons) were the main suppliers of frozen, dried and smoked fish imports to Thailand, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Nauru (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), India ($X) and Nauru ($X) were the largest frozen, dried and smoked fish suppliers to Thailand, with a combined X% share of total imports.

Nauru, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for frozen, dried and smoked fish amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nauru (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform