Thailand: Frozen Skipjack Tuna Market 2022

Frozen Skipjack Tuna Market Size in Thailand

The Thai frozen skipjack tuna market skyrocketed to $X in 2020, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated mild growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2014 to 2020, the growth of the market failed to regain the momentum.

Frozen Skipjack Tuna Exports

Exports from Thailand

In 2020, overseas shipments of frozen skipjack tuna decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen skipjack tuna exports shrank to $X in 2020. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2020, exports remained at a lower figure.

Exports by Country

Seychelles (X tons), Vietnam (X tons) and Costa Rica (X tons) were the main destinations of frozen skipjack tuna exports from Thailand, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Seychelles, while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for frozen skipjack tuna exported from Thailand were Seychelles ($X), Vietnam ($X) and Costa Rica ($X), together accounting for X% of total exports.

Among the main countries of destination, Seychelles saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2020, the average frozen skipjack tuna export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, export price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen skipjack tuna export price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2020, the countries with the highest prices were Costa Rica ($X per ton) and Seychelles ($X per ton), while the average price for exports to Vietnam ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Skipjack Tuna Imports

Imports into Thailand

In 2020, the amount of frozen skipjack tuna imported into Thailand surged to X tons, jumping by X% on 2019. Overall, total imports indicated mild growth from 2007 to 2020: its volume 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. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2010 to 2020, the growth imports failed to regain the momentum.

In value terms, frozen skipjack tuna imports soared to $X in 2020. In general, imports showed a slight increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. from 2014 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Micronesia (X tons) and South Korea (X tons) were the main suppliers of frozen skipjack tuna imports to Thailand, together comprising X% of total imports. Nauru, Vanuatu, Kiribati, Maldives, Marshall Islands, the U.S., Indonesia, Japan, China and Seychelles lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Nauru (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen skipjack tuna suppliers to Thailand were Taiwan (Chinese) ($X), Micronesia ($X) and South Korea ($X), together comprising X% of total imports. These countries were followed by Nauru, Vanuatu, Kiribati, Maldives, Marshall Islands, the U.S., Indonesia, Japan, China and Seychelles, which together accounted for a further X (+X% per year) 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

In 2020, the average frozen skipjack tuna import price amounted to $X per ton, approximately equating the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Seychelles ($X per ton) and Japan ($X per ton), while the price for Vanuatu ($X per ton) and Micronesia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Nauru, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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