Asia: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Asia

In 2022, after two years of growth, there was significant decline in the Asian market for fresh or chilled salmonoids meat, when its value decreased by -18.7% to $X. In general, consumption, however, showed a strong expansion. Over the period under review, the market attained the peak level at $X in 2021, and then reduced sharply in the following year.

Production of Fresh Or Chilled Salmonoids Meat in Asia

In value terms, fresh or chilled salmonoids meat production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2021, and then declined in the following year.

Exports of Fresh Or Chilled Salmonoids Meat

Exports in Asia

Fresh or chilled salmonoids meat exports shrank to X tons in 2022, which is down by -6.5% on 2021. Over the period under review, exports showed a sharp decrease. The pace of growth was the most pronounced in 2015 when exports increased by 94% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, fresh or chilled salmonoids meat exports reduced slightly to $X in 2022. Overall, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2015 when exports increased by 117%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam was the major exporter of fresh or chilled salmonoids meat in Asia, with the volume of exports accounting for X tons, which was approx. 70% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), creating a 28% share of total exports. Armenia (X kg) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled salmonoids meat exports from Vietnam stood at -25.5%. At the same time, the United Arab Emirates (+26.3%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +26.3% from 2012-2022. Armenia experienced a relatively flat trend pattern. The United Arab Emirates (+28 p.p.) and Armenia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by -9.5% from 2012 to 2022, respectively.

In value terms, the largest fresh or chilled salmonoids meat supplying countries in Asia were Vietnam ($X), the United Arab Emirates ($X) and Armenia ($X), together accounting for 100% of total exports.

The United Arab Emirates, with a CAGR of +36.0%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 2022, picking up by 4.4% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled salmonoids meat export price decreased by -0.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. The level of export peaked at $X per ton in 2020; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.7%).

Imports of Fresh Or Chilled Salmonoids Meat

Imports in Asia

In 2022, purchases abroad of fresh or chilled salmonoids meat decreased by -36% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 230%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, fresh or chilled salmonoids meat imports shrank notably to $X in 2022. In general, imports, however, showed strong growth. The growth pace was the most rapid in 2018 with an increase of 256%. The level of import peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, Israel (X tons) and Kuwait (X tons) represented the major importers of fresh or chilled salmonoids meat in Asia, together recording near 80% of total imports. It was distantly followed by Saudi Arabia (X tons), mixing up a 15% share of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +51.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh or chilled salmonoids meat importing markets in Asia were Israel ($X), Kuwait ($X) and Saudi Arabia ($X), together accounting for 95% of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of +56.9%, recorded the highest rates of growth with regard to 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 2022, the import price in Asia amounted to $X per ton, growing by 7.5% against the previous year. Overall, the import price recorded a resilient increase. The pace of growth appeared the most rapid in 2017 an increase of 173%. The level of import peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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