Price for Fish Meal; Fit for Human Consumption in Thailand - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Thailand (CIF) - 2022
- Price for Fish Meal; Fit for Human Consumption in Thailand (FOB) - 2022
- Imports of Fish Meal; Fit for Human Consumption in Thailand
- Exports of Fish Meal; Fit for Human Consumption in Thailand
Price for Fish Meal; Fit for Human Consumption in Thailand (CIF) - 2022
In 2022, the average import price for fish meal; fit for human consumptia amounted to $11,798 per ton, reducing by -4.5% against the previous year. In general, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2019 an increase of 20%. The import price peaked at $22,823 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($12,660 per ton), while the price for Norway amounted to $9,350 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+14.9%), while the prices for the other major suppliers experienced a decline.
Price for Fish Meal; Fit for Human Consumption in Thailand (FOB) - 2022
The average export price for fish meal; fit for human consumptia stood at $9,331 per ton in 2022, rising by 4.3% against the previous year. In general, the export price enjoyed a significant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 343% against the previous year. The export price peaked at $9,596 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($13,705 per ton), while the average price for exports to Japan ($3,299 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Meal; Fit for Human Consumption in Thailand
In 2022, the amount of fish meal; fit for human consumptia imported into Thailand contracted dramatically to 1.2 tons, shrinking by -79.7% compared with the year before. Overall, imports faced a dramatic slump. The pace of growth appeared the most rapid in 2021 when imports increased by 3.9% against the previous year.
In value terms, imports of fish meal; fit for human consumptia shrank remarkably to $14K in 2022. Over the period under review, imports saw a dramatic descent. The smallest decline of -16.4% was in 2021.
| Import of Fish Meal; Fit for Human Consumption in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 74.5 | 60.7 | 46.9 | 10.8 | -47.5% |
| Norway | 23.1 | 13.8 | 14.4 | 2.8 | -50.5% |
| New Zealand | 7.6 | 9.1 | 8.7 | N/A | 7.0% |
| Others | 2.3 | 0.1 | N/A | N/A | -95.7% |
| Total | 107 | 83.8 | 70.0 | 13.6 | -49.7% |
Top Suppliers of Fish Meal; Fit for Human Consumption to Thailand in 2022:
- Japan (852.0 kg)
- Norway (300.0 kg)
Exports of Fish Meal; Fit for Human Consumption in Thailand
In 2022, the amount of fish meal; fit for human consumptia exported from Thailand skyrocketed to 37 tons, increasing by 22% on the previous year's figure. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 34% against the previous year. As a result, the exports reached the peak of 44 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of fish meal; fit for human consumptia soared to $348K in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 75% against the previous year. As a result, the exports attained the peak of $423K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fish Meal; Fit for Human Consumption in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 179 | 376 | 229 | 298 | 18.5% |
| Australia | 41.6 | 16.0 | 22.2 | 30.5 | -9.8% |
| Japan | 13.1 | 12.8 | 13.5 | 15.5 | 5.8% |
| Others | 8.5 | 17.7 | 8.5 | 3.5 | -25.6% |
| Total | 242 | 423 | 273 | 348 | 12.9% |
Top Export Markets for Fish Meal; Fit for Human Consumption from Thailand in 2022:
- United States (30.1 tons)
- Japan (4.7 tons)
- Australia (2.2 tons)
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