Asia: Frozen Catfish Market 2022

Frozen Catfish Market Size in Asia

The Asian frozen catfish market dropped to $X in 2020, with a decrease of -X% against the previous year. Overall, consumption showed a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Frozen Catfish Production in Asia

In value terms, frozen catfish production contracted modestly to $X in 2020 estimated in export prices. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. As a result, production reached the peak level of $X. from 2018 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Asia

Vietnam (X tons) constituted the country with the largest volume of frozen catfish production, comprising approx. X% of total volume. Moreover, frozen catfish production in Vietnam exceeded the figures recorded by the second-largest producer, China (X tons), more than tenfold. The third position in this ranking was occupied by Thailand (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Vietnam stood at +X%. The remaining producing countries recorded the following average annual rates of production growth: China (+X% per year) and Thailand (+X% per year).

Frozen Catfish Exports

Exports in Asia

Frozen catfish exports fell modestly to X tons in 2020, waning by -X% on 2019 figures. Total exports indicated measured growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen catfish exports soared to $X in 2020. Total exports indicated pronounced growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Vietnam dominates frozen catfish exports structure, amounting to X tons, which was approx. X% of total exports in 2020. Indonesia (X tons) held the second position in the ranking, followed by China (X tons). All these countries together held near X% share of total exports. The following exporters - Thailand (X tons), Malaysia (X tons) and Pakistan (X tons) - each recorded a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to frozen catfish exports from Vietnam stood at +X%. At the same time, Malaysia (+X%), Indonesia (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. China experienced a relatively flat trend pattern. By contrast, Thailand (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.), Indonesia (+X p.p.) and Malaysia (+X p.p.) significantly strengthened its position in terms of the total exports, while China and Thailand saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest frozen catfish supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Vietnam stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2020, the frozen catfish export price in Asia amounted to $X per ton, jumping by X% against the previous year. In general, the export price continues to indicate a mild expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Pakistan, while the other leaders experienced more modest paces of growth.

Frozen Catfish Imports

Imports in Asia

In 2020, the amount of frozen catfish imported in Asia shrank remarkably to X tons, dropping by -X% against the previous year. Over the period under review, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. The volume of import peaked at X tons in 2019, and then shrank notably in the following year.

In value terms, frozen catfish imports contracted sharply to $X in 2020. Overall, imports, however, saw pronounced growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Saudi Arabia represented the major importing country with an import of about X tons, which accounted for X% of total imports. Qatar (X tons) ranks second in terms of the total imports with a X% share, followed by Uzbekistan (X%), Malaysia (X%), South Korea (X%), Turkey (X%), the United Arab Emirates (X%), Taiwan (Chinese) (X%) and Azerbaijan (X%).

Saudi Arabia was also the fastest-growing in terms of the frozen catfish imports, with a CAGR of +X% from 2007 to 2020. At the same time, Malaysia (+X%), Qatar (+X%), Turkey (+X%), South Korea (+X%), Uzbekistan (+X%), Taiwan (Chinese) (+X%), Azerbaijan (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Saudi Arabia (+X p.p.), Qatar (+X p.p.), Malaysia (+X p.p.), Uzbekistan (+X p.p.), South Korea (+X p.p.), Turkey (+X p.p.), Taiwan (Chinese) (+X p.p.), Azerbaijan (+X p.p.) and the United Arab Emirates (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported frozen catfish in Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Saudi Arabia totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Qatar (+X% per year).

Import Prices by Country

The frozen catfish import price in Asia stood at $X per ton in 2020, picking up by X% against the previous year. Over the period under review, the import price, however, saw a perceptible downturn. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The level of import peaked at $X per ton in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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