| Product Code: ETC387385 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand is a prominent player in the global ornamental fish trade, supplying a wide variety of freshwater and marine species to aquarium enthusiasts worldwide. The ornamental fish market in Thailand benefits from the country`s expertise in breeding and exporting these colorful and exotic aquatic creatures. The market is diverse, encompassing both domestic sales to aquarium hobbyists and international exports to hobbyist markets in various countries.
The ornamental fish market in Thailand is influenced by a variety of factors, with the ornamental fish trade being a significant contributor to the country`s economy. A key driver of this market is Thailand long-standing expertise in breeding and exporting ornamental fish, including popular species like Siamese fighting fish (Betta splendens). Thai ornamental fish are highly sought after in international markets due to their quality, diversity, and competitive pricing. The growth of the aquarium hobby worldwide has also driven demand for Thai ornamental fish. The Thai government has actively supported the industry by promoting sustainable breeding practices and facilitating exports, contributing to the market`s continued expansion.
The Thailand ornamental fish market faces challenges associated with regulations, international trade, and competition. Strict regulations on the export of certain ornamental fish species can limit market growth. Additionally, competition from other countries, particularly in Southeast Asia, can affect Thailand market share. Ensuring compliance with international trade regulations, diversifying the species offered, and focusing on breeding programs are strategies that can help mitigate these challenges.
The ornamental fish market in Thailand was severely impacted by the COVID-19 pandemic. Restrictions on international travel and tourism reduced the demand for ornamental fish, especially for export markets. Fish farms and retailers faced challenges in maintaining the health of their fish stocks and managing operational costs. Additionally, the closure of pet stores and aquariums affected domestic sales. However, there is potential for recovery as international travel resumes and the interest in home aquariums and pet ownership persists.
The Thailand ornamental fish market is a vibrant industry with several noteworthy players. One of the leading companies is Thai Aquatic Imports Ltd., specializing in the import and distribution of exotic ornamental fish species. Their extensive network and commitment to quality have established them as a key player in the market. Additionally, Siamese Splendors Aquarium Co., Ltd., known for breeding and exporting indigenous Thai ornamental fish, has a significant presence both domestically and internationally. These leading players contribute to Thailand reputation as a major hub for ornamental fish trade and export.