1、THAILAND INDUSTRY OUTLOOK 2019-21PROCESSED SEAFOODJuly 2019Chaiwat S+662 296 2000 Ext.50880Krungsri ResearchOverviewGlobal fish stocks are concentrated in the Asia-Pacific region,making it a strategically important location for fisheries,as well as for associated industries.Thus,the combined total o

2、f wild-caught and farmed products originating in Asia accounts for 78%of all global output of seafood.In terms of the separate parts of this,60%of the worlds wild-caught fish and seafood originates in Asia,whereas a full 94%of the global supply of farmed fish and seafood comes from the region,though

3、 the relative importance of these is changing and since 2013,the majority of seafood consumed around the world has come from farmed rather than wild sources.These rising investments in fish farming have been driven by a combination of the need to replace declining stocks that have been overfished an

4、d the negative impacts of climate change on global seafood supply chains(figure 1 and table 1).In addition to the regions resources,Asia also has advantages in terms of the access players there are a sizeable,skilled and low-cost labor forces.These cost factors have helped to make Asia the worlds fo

5、remost exporter of processed seafood,with by value around a 40%share of the global processed seafood market,itself worth around USD 153 bn in 2018(source:FAO and Trade Map).In terms of goods produced by the sector,chilled and frozen seafood,canned seafood,prepared and preserved seafood are the most

6、important product categories.In terms of originating countries,China is the worlds most important exporter of processed seafood,with a 13.7%market share.China is followed by Norway(7.6%),Vietnam(5.7%),India(4.9%)and Thailand(4.0%)(figure 2).As for importers,the high cost of processed seafood relativ