ASEAN: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in ASEAN

The ASEAN fresh or chilled anchovies market soared to $X in 2021, increasing by 281% against the previous year. In general, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Fresh Or Chilled Anchovies in ASEAN

In value terms, fresh or chilled anchovies production soared to $X in 2021 estimated in export price. Overall, production showed a resilient increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 652%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in ASEAN

In 2021, overseas shipments of fresh or chilled anchovieses decreased by -84.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2017 with an increase of 531%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports plummeted to $X in 2021. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 562% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and Indonesia (X tons) represented the key exporters of fresh or chilled anchovieses in 2021, recording approx. 43% and 39% of total exports, respectively. It was distantly followed by Malaysia (X tons), making up a 12% share of total exports. Myanmar (X tons) and the Philippines (X tons) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +27.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 94% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +24.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, which is down by -10.1% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by 63%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports in ASEAN

Fresh or chilled anchovies imports reduced rapidly to X tons in 2021, with a decrease of -57.5% on 2020 figures. In general, imports, however, enjoyed a notable expansion. The growth pace was the most rapid in 2017 with an increase of 15,290% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fresh or chilled anchovies imports shrank remarkably to $X in 2021. Over the period under review, imports recorded a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of 277%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X tons), distantly followed by the Philippines (X tons), Singapore (X tons) and Thailand (X tons) represented the largest importers of fresh or chilled anchovieses, together generating 98% of total imports. Vietnam (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +8.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest fresh or chilled anchovies importing markets in ASEAN were Malaysia ($X), the Philippines ($X) and Singapore ($X), with a combined 81% share of total imports.

Malaysia, with a CAGR of +0.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, picking up by 15% against the previous year. Overall, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 1,854%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform