Asia: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Asia

The Asian fresh or chilled anchovies market expanded markedly to $X in 2021, with an increase of 6.2% against the previous year. Overall, consumption saw a mild contraction. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Fresh Or Chilled Anchovies in Asia

In value terms, fresh or chilled anchovies production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 61% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in Asia

After three years of decline, shipments abroad of fresh or chilled anchovieses increased by 47% to X tons in 2021. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 271%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports declined significantly to $X in 2021. Over the period under review, exports showed a pronounced expansion. The most prominent rate of growth was recorded in 2014 with an increase of 93%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Oman (X tons) represented the largest exporter of fresh or chilled anchovieses, generating 73% of total exports. It was distantly followed by Georgia (X tons), achieving a 21% share of total exports. India (X tons) held a little share of total exports.

Oman was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of +31.9% from 2012 to 2021. At the same time, Georgia (+31.5%) and India (+21.0%) displayed positive paces of growth. While the share of Oman (+33 p.p.), Georgia (+9.4 p.p.) and India (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh or chilled anchovies supplying countries in Asia were Oman ($X), Georgia ($X) and India ($X), with a combined 79% share of total exports.

Among the main exporting countries, Georgia, with a CAGR of +32.9%, saw 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 Asia stood at $X per ton in 2021, with a decrease of -51.7% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2020 an increase of 132%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Georgia (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports in Asia

In 2021, approx. X tons of fresh or chilled anchovieses were imported in Asia; reducing by -70.3% against the year before. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 147%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports declined rapidly to $X in 2021. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when imports increased by 75% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importer of fresh or chilled anchovieses in Asia, with the volume of imports reaching X tons, which was approx. 69% of total imports in 2021. It was distantly followed by South Korea (X tons), comprising a 13% share of total imports. Turkey (X tons), Qatar (X tons), Taiwan (Chinese) (X tons) and India (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +16.0% from 2012 to 2021. At the same time, Qatar (+50.7%) and South Korea (+21.5%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in Asia, with a CAGR of +50.7% from 2012-2021. By contrast, Taiwan (Chinese) (-2.4%), India (-22.9%) and Turkey (-35.2%) illustrated a downward trend over the same period. The United Arab Emirates (+63 p.p.), South Korea (+12 p.p.) and Qatar (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while India and Turkey saw its share reduced by -3.7% and -61.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh or chilled anchovies importing markets in Asia were the United Arab Emirates ($X), Qatar ($X) and South Korea ($X), with a combined 57% share of total imports.

Among the main importing countries, Qatar, with a CAGR of +73.0%, recorded the highest growth rate of the value of imports, 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 Asia amounted to $X per ton, growing by 6.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 239%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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