Thailand: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Thailand

In 2020, the Thai frozen yellowfin tuna market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded a mild increase. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. 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 Yellowfin Tuna Exports

Exports from Thailand

In 2020, the amount of frozen yellowfin tuna exported from Thailand shrank remarkably to X tons, reducing by -X% compared with the year before. Overall, exports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, frozen yellowfin tuna exports reduced rapidly to $X in 2020. Over the period under review, exports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2009; however, from 2010 to 2020, exports failed to regain the momentum.

Exports by Country

Vietnam (X tons), Japan (X tons) and Seychelles (X tons) were the main destinations of frozen yellowfin tuna exports from Thailand, with a combined X% share of total exports. These countries were followed by the Philippines, Italy, Spain and Costa Rica, 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 the Philippines (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Italy ($X) and Japan ($X) appeared to be the largest markets for frozen yellowfin tuna exported from Thailand worldwide, together comprising X% of total exports. Seychelles, the Philippines, Spain and Costa Rica lagged somewhat behind, together accounting for a further X Philippines (+X% per year) 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

In 2020, the average frozen yellowfin tuna export price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to Japan ($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 Italy, while the prices for the other major destinations experienced a decline.

Frozen Yellowfin Tuna Imports

Imports into Thailand

In 2020, overseas purchases of frozen yellowfin tuna were finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2020, imports remained at a lower figure.

In value terms, frozen yellowfin tuna imports soared to $X in 2020. Over the period under review, imports continue to indicate mild growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2018 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Taiwan (Chinese) (X tons) constituted the largest frozen yellowfin tuna supplier to Thailand, with a X% share of total imports. Moreover, frozen yellowfin tuna imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was occupied by Micronesia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Taiwan (Chinese) amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Micronesia (+X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of frozen yellowfin tuna to Thailand, comprising X% of total imports. The second position in the ranking was occupied by Micronesia ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Taiwan (Chinese) stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Micronesia (+X% per year) and South Korea (-X% per year).

Import Prices by Country

In 2020, the average frozen yellowfin tuna import price amounted to $X per ton, waning by -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Indonesia ($X per ton) and Papua New Guinea ($X per ton), while the price for Marshall Islands ($X per ton) and Kiribati ($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.

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Source: IndexBox Platform

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