Asia: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Asia

The Asian dried or smoked fish market was estimated at $X in 2021, growing by 2.1% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the market value increased by 9% against the previous year. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Dried Or Smoked Fish in Asia

In value terms, dried or smoked fish production rose to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 11%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports in Asia

In 2021, approx. X tons of dried or smoked fish were exported in Asia; declining by -14.8% against 2020. Overall, exports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2017 with an increase of 9.8% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dried or smoked fish exports reduced to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 8.7% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons), distantly followed by Vietnam (X tons), Thailand (X tons), the United Arab Emirates (X tons), India (X tons) and Indonesia (X tons) represented the main exporters of dried or smoked fish, together committing 85% of total exports. Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2021, together comprising 64% of total exports.

Vietnam, with a CAGR of +17.8%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, rising by 9.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2019 an increase of 17% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports in Asia

In 2021, supplies from abroad of dried or smoked fish decreased by -16.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 18%. Over the period under review, imports reached the peak figure at X tons in 2020, and then plummeted in the following year.

In value terms, dried or smoked fish imports reduced modestly to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 12%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of dried or smoked fish, namely China, Sri Lanka and Malaysia, represented more than half of total import. South Korea (X tons) took the next position in the ranking, followed by Japan (X tons) and Hong Kong SAR (X tons). All these countries together took approx. 19% share of total imports. Singapore (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 China (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported dried or smoked fish in Asia, comprising 34% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR totaled -1.4%. In the other countries, the average annual rates were as follows: Japan (-6.0% per year) and China (+26.5% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 19% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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