ASEAN: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in ASEAN

The ASEAN market for smoked fish other than salmon and herring expanded significantly to $X in 2021, surging by 7.1% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Smoked Fish Other than Salmon and Herring in ASEAN

In value terms, production of smoked fish other than salmon and herring reached $X in 2021 estimated in export price. The total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production of growth failed to regain momentum.

Exports of Smoked Fish Other than Salmon and Herring

Exports in ASEAN

In 2021, approx. X tons of smoked fish other than salmon and herring were exported in ASEAN; waning by -39.9% compared with 2020 figures. Overall, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 28%. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of smoked fish other than salmon and herring contracted significantly to $X in 2021. In general, exports saw a deep reduction. The pace of growth appeared the most rapid in 2020 when exports increased by 36%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the main exporter of smoked fish other than salmon and herring in ASEAN, with the volume of exports finishing at X tons, which was approx. 49% of total exports in 2021. Thailand (X tons) held a 27% share (based on physical terms) of total exports, which put it in second place, followed by the Philippines (16%) and Vietnam (4.9%). Malaysia (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +18.1%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Indonesia ($X), Thailand ($X) and the Philippines ($X) were the countries with the highest levels of exports in 2021, with a combined 92% share of total exports. Vietnam and Malaysia lagged somewhat behind, together accounting for a further 7.9%.

In terms of the main exporting countries, Malaysia, with a CAGR of +11.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, with an increase of 6% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for smoked fish other than salmon and herring increased by +47.1% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 64% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Vietnam ($X per ton) and the Philippines ($X per ton), while Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.3%), while the other leaders experienced more modest paces of growth.

Imports of Smoked Fish Other than Salmon and Herring

Imports in ASEAN

In 2021, the amount of smoked fish other than salmon and herring imported in ASEAN reduced to X tons, almost unchanged from 2020. In general, imports showed a slight curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 108%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of smoked fish other than salmon and herring declined to $X in 2021. Over the period under review, imports saw a noticeable curtailment. The growth pace was the most rapid in 2013 with an increase of 40%. Over the period under review, imports of reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brunei Darussalam (X tons), Indonesia (X tons) and Singapore (X tons) represented roughly 74% of total imports in 2021. Malaysia (X tons) ranks next in terms of the total imports with a 13% share, followed by Thailand (9%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of +10.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest smoked fish other than salmon and herring importing markets in ASEAN were Singapore ($X), Brunei Darussalam ($X) and Thailand ($X), with a combined 76% share of total imports. Indonesia, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 23%.

Malaysia, with a CAGR of +14.0%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, shrinking by -14% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 100% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 (+20.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform