Thailand: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Thailand

In 2023, after three years of growth, there was significant decline in the Thai frozen fish meat market, when its value decreased by X% to $X. Overall, consumption, however, posted a prominent expansion. Over the period under review, the market attained the peak level at $X in 2022, and then declined sharply in the following year.

Frozen Fish Meat Production in Thailand

In value terms, frozen fish meat production amounted to $X in 2023 estimated in export price. Overall, production showed a abrupt decline. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Frozen Fish Meat Exports

Exports from Thailand

In 2023, shipments abroad of frozen fish meat decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, exports showed a deep slump. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, frozen fish meat exports shrank rapidly to $X in 2023. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for frozen fish meat exports from Thailand, with a X% share of total exports. Moreover, frozen fish meat exports to Japan exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold. Myanmar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Myanmar (X% per year).

In value terms, Japan ($X) remains the key foreign market for frozen fish meat exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

Export Prices by Country

The average frozen fish meat export price stood at $X per ton in 2023, waning by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Myanmar ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Meat Imports

Imports into Thailand

After three years of growth, supplies from abroad of frozen fish meat decreased by X% to X tons in 2023. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then reduced sharply in the following year.

In value terms, frozen fish meat imports shrank rapidly to $X in 2023. Overall, imports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at $X in 2022, and then reduced markedly in the following year.

Imports by Country

Vietnam (X tons), India (X tons) and the United States (X tons) were the main suppliers of frozen fish meat imports to Thailand, together accounting for X% of total imports. Pakistan, China and Indonesia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish meat suppliers to Thailand were Vietnam ($X), India ($X) and the United States ($X), with a combined X% share of total imports. Pakistan, China and Indonesia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average frozen fish meat import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the average import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform