Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand - 2023

Contents:

  1. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand (FOB) - 2022
  2. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand (CIF) - 2022
  3. Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand
  4. Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand (FOB) - 2022

The average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $3,238 per ton in 2022, reducing by -16.4% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13% against the previous year. The export price peaked at $10,492 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -11.1% per year.

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand (CIF) - 2022

The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $7,159 per ton in 2022, growing by 81% against the previous year. In general, the import price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 130%. Over the period under review, average import prices hit record highs at $8,988 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.2% per year.

Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand

In 2022, approx. 49 tons of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s were exported from Thailand; declining by -21.3% on the year before. In general, exports continue to indicate a significant curtailment. The smallest decline of -20.2% was in 2021.

In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s shrank sharply to $158K in 2022. Over the period under review, exports faced a dramatic slump. The smallest decline of -29.1% was in 2020.

Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan538381240158-33.5%
OthersN/AN/AN/AN/A0%
Total538381240158-33.5%

Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Thailand in 2022:

  1. Japan (48.9 tons)

Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand

In 2022, purchases abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s decreased by -60.8% to 2.2 tons, falling for the second year in a row after two years of growth. In general, imports recorded a significant contraction. The pace of growth was the most pronounced in 2020 when imports increased by 214% against the previous year. As a result, imports reached the peak of 17 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s shrank remarkably to $16K in 2022. Overall, imports faced a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 176% against the previous year. As a result, imports attained the peak of $63K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Thailand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand10.98.22.115.512.5%
ChinaN/A42.819.9N/A-53.5%
Argentina10.111.9N/AN/A17.8%
Others1.80.3N/AN/A-83.3%
Total22.963.221.915.5-12.2%

Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Thailand in 2022:

  1. New Zealand (2.2 tons)

Source: IndexBox Market Intelligence Platform

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