Thailand Frozen Fish Market: Import Trend Analysis
Thailand import trend for the frozen fish market experienced a decline, with a growth rate of -3.83% from 2023 to 2024 and a CAGR of -8.12% from 2020 to 2024. This downward trajectory could be attributed to shifts in consumer preferences, changing trade policies, or market saturation impacting import momentum and market stability.
Thailand Frozen Fish Market Synopsis
The frozen fish market in Thailand encompasses various fish species and seafood products that are frozen for extended shelf life and convenience. This market segment serves both domestic and international markets and is vital for maintaining a consistent supply of fish and seafood throughout the year.
Drivers of the Market
The Thailand frozen fish market has witnessed robust growth due to changing consumer preferences and the convenience factor. Frozen fish products offer extended shelf life and are available year-round, regardless of seasonal fluctuations. This market has also benefited from technological advancements in freezing and packaging, ensuring the quality and taste of frozen fish products. Moreover, the export of frozen fish to international markets has contributed to its expansion.
Challenges of the Market
The Thailand frozen fish market faces challenges related to quality control and competition. Maintaining the quality and freshness of frozen fish products throughout the supply chain is essential to meet consumer expectations. The market is highly competitive, with both domestic and imported frozen fish products vying for market share. Staying competitive in terms of pricing and product innovation while upholding quality standards is a constant challenge.
COVID-19 Impact on the Market
The Thailand frozen fish market initially faced challenges due to disruptions in the supply chain and reduced demand from the hospitality sector. However, as consumers shifted to cooking at home, the market adapted by catering to increased domestic demand. Online sales and home delivery services gained prominence, helping the market recover over time.
Key Players in the Market
In the frozen fish market, companies like Royal Frozen Food Co., Ltd. and Ocean Fresh Company Limited are leading players, ensuring the availability of frozen fish products in domestic and international markets.
Key Highlights of the Report:
- Thailand Frozen Fish Market Outlook
- Market Size of Thailand Frozen Fish Market, 2024
- Forecast of Thailand Frozen Fish Market, 2031
- Historical Data and Forecast of Thailand Frozen Fish Revenues & Volume for the Period 2021-2031
- Thailand Frozen Fish Market Trend Evolution
- Thailand Frozen Fish Market Drivers and Challenges
- Thailand Frozen Fish Price Trends
- Thailand Frozen Fish Porter's Five Forces
- Thailand Frozen Fish Industry Life Cycle
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Fish Fingers for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Fish Cakes for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Breaded/Battered Fish for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Whole Fish & Drawn Fish for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Single Fillet & Butterfly Fillet for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Dressed Fish for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Steaks Fish for the Period 2021-2031
- Historical Data and Forecast of Thailand Fish Fingers Frozen Fish Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Direct Consumption for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Restaurants for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Food Processing Factories for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Distribution Channel for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Supermarkets & Hypermarkets for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Convenience Stores for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Speciality Retailers for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Online for the Period 2021-2031
- Historical Data and Forecast of Thailand Frozen Fish Market Revenues & Volume By Others for the Period 2021-2031
- Thailand Frozen Fish Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Distribution Channel
- Thailand Frozen Fish Top Companies Market Share
- Thailand Frozen Fish Competitive Benchmarking By Technical and Operational Parameters
- Thailand Frozen Fish Company Profiles
- Thailand Frozen Fish Key Strategic Recommendations