Thailand: Frozen Tilapias Market 2022

Frozen Tilapias Market Size in Thailand

The Thai frozen tilapias market soared to $X in 2020, with an increase of X% against the previous year. Overall, consumption posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Frozen tilapias consumption peaked in 2020 and is expected to retain growth in the near future.

Frozen Tilapias Production in Thailand

In value terms, frozen tilapias production expanded sharply to $X in 2020 estimated in export prices. Overall, the total production indicated a temperate increase 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, production increased by +X% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% year-to-year. Over the period under review, production attained the peak level in 2020 and is likely to see gradual growth in years to come.

Frozen Tilapias Exports

Exports from Thailand

In 2020, approx. X tons of frozen tilapias were exported from Thailand; waning by -X% against 2019 figures. Over the period under review, exports continue to indicate a deep slump. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen tilapias exports shrank significantly to $X in 2020. Overall, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2015 to 2020, the growth exports remained at a lower figure.

Exports by Country

The U.S. (X tons) was the main destination for frozen tilapias exports from Thailand, accounting for a X% share of total exports. Moreover, frozen tilapias exports to the U.S. exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. The third position in this ranking was occupied by Bahrain (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Bahrain (+X% per year).

In value terms, the largest markets for frozen tilapias exported from Thailand were the U.S. ($X), the United Arab Emirates ($X) and Bahrain ($X), with a combined X% share of total exports.

Among the main countries of destination, Bahrain recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average frozen tilapias export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated tangible growth from 2007 to 2020: its price 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, frozen tilapias export price increased by +X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% year-to-year. The export price peaked in 2020 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

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

Frozen Tilapias Imports

Imports into Thailand

In 2020, imports of frozen tilapias into Thailand surged to X tons, increasing by X% compared with the previous year's figure. In general, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, frozen tilapias imports dropped markedly to $X in 2020. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2019, and then declined notably in the following year.

Imports by Country

Vietnam (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of frozen tilapias imports to Thailand.

From 2007 to 2020, the biggest increases were in Vietnam, while purchases for the other leaders experienced a decline.

In value terms, the largest frozen tilapias suppliers to Thailand were Vietnam ($X), China ($X) and Taiwan (Chinese) ($X Nam saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average frozen tilapias import price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the import price, however, showed resilient growth. The growth pace was the most rapid in 2019 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per ton, and then shrank rapidly in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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