Product Code: ETC387025 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Thailand Mackerel market currently, in 2023, has witnessed an HHI of 2628, Which has decreased slightly as compared to the HHI of 3108 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Mackerel holds a prominent place in Thailand seafood market. It is a versatile fish used in various culinary applications, from traditional Thai dishes to international cuisines. Thailand is known for its mackerel exports, supplying canned mackerel products to global markets. The mackerel market in Thailand benefits from the fish`s abundance in Thai waters, making it a cost-effective and popular choice among consumers looking for affordable and nutritious seafood options.
The mackerel market in Thailand is strongly influenced by the country`s geographical location and the rich marine resources of the surrounding waters. Mackerel is a staple in Thai cuisine, and domestic consumption remains high. However, the main driver of the market is the robust demand from international markets, particularly in Asia. Thailand has become a significant exporter of mackerel products due to its well-established processing industry and the quality of its seafood products. The market is also buoyed by a growing global awareness of the health benefits of consuming fish, leading to increased demand for mackerel as a source of omega-3 fatty acids. Sustainable fishing practices and certifications have become important drivers as consumers and retailers increasingly prioritize environmentally responsible sourcing.
The Thailand mackerel market encounters challenges related to sustainability and market demand. Mackerel stocks can be subject to overfishing, leading to concerns about long-term availability. Additionally, consumer preferences for mackerel may vary, and there could be limited awareness of its nutritional benefits. The market must navigate these issues by promoting sustainable fishing practices and educating consumers about the versatility and health benefits of mackerel.
The mackerel market in Thailand faced substantial challenges during the COVID-19 pandemic. As the pandemic unfolded, export markets for seafood products, including mackerel, experienced a decline in demand. Restaurants, hotels, and foodservice sectors, which are significant consumers of mackerel, were severely impacted by lockdowns and social distancing measures. Additionally, transportation disruptions affected the distribution of seafood products domestically and internationally. As a result, mackerel prices fluctuated, and the industry had to adapt to changing consumer preferences and new market dynamics.
Thailand mackerel market features prominent players such as Thai Union Group and Seafresh Industry Public Co., Ltd. These companies are leaders in the seafood processing sector, offering a wide range of mackerel products for both domestic consumption and export. Their expertise and distribution capabilities make them dominant figures in the Thai mackerel market.