Thailand: Canned Meat Market 2024

Canned Meat Market Size in Thailand

After four years of decline, the Thai canned meat market increased by X% to $X in 2023. In general, consumption, however, recorded a relatively flat trend pattern. Canned meat consumption peaked at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Canned Meat Production in Thailand

In value terms, canned meat production reduced modestly to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Canned Meat Exports

Exports from Thailand

In 2023, overseas shipments of canned meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, canned meat exports reduced to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Japan (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of canned meat exports from Thailand, together comprising X% of total exports. South Korea, Singapore, Ireland, Germany and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for canned meat exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the average canned meat export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per ton) and Singapore ($X per ton), while the average price for exports to Ireland ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into Thailand

In 2023, purchases abroad of canned meat increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, canned meat imports expanded remarkably to $X in 2023. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of canned meat to Thailand, accounting for a X% share of total imports. Moreover, canned meat imports from China exceeded the figures recorded by the second-largest supplier, Australia (X tons), tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of canned meat to Thailand, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and the United States (X% per year).

Import Prices by Country

The average canned meat import price stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform