Asia: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Asia

The Asian market for herring, salted or in brine was estimated at $X in 2022, leveling off at the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Herring, Salted Or In Brine in Asia

In value terms, herring, salted or in brine production stood at $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 21%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Herring, Salted Or In Brine

Exports in Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of herring, salted or in brine, when their volume decreased by -75.7% to X tons. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 276% against the previous year. The volume of export peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, herring, salted or in brine exports contracted markedly to $X in 2022. Overall, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 232% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam prevails in exports structure, recording X tons, which was near 91% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), comprising a 6% share of total exports. Bangladesh (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to herring, salted or in brine exports from Vietnam stood at +20.9%. At the same time, Sri Lanka (+21.0%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Asia, with a CAGR of +21.0% from 2012-2022. By contrast, Bangladesh (-55.4%) illustrated a downward trend over the same period. Vietnam (+87 p.p.), Sri Lanka (+5.7 p.p.) and Bangladesh (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest herring, salted or in brine supplier in Asia, comprising 89% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at +25.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (+12.6% per year) and Bangladesh (+22.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by 78% against the previous year. In general, the export price, however, recorded a slight decrease. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+175.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Herring, Salted Or In Brine

Imports in Asia

In 2022, supplies from abroad of herring, salted or in brine decreased by -10.1% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports showed a noticeable contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 25%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, herring, salted or in brine imports declined to $X in 2022. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 7.5%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Israel prevails in imports structure, recording X tons, which was near 72% of total imports in 2022. Palestine (X tons) took the second position in the ranking, followed by Jordan (X tons) and Turkmenistan (X tons). All these countries together held near 22% share of total imports.

Imports into Israel increased at an average annual rate of +2.0% from 2012 to 2022. At the same time, Palestine (+10.7%) and Jordan (+4.5%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in Asia, with a CAGR of +10.7% from 2012-2022. By contrast, Turkmenistan (-21.4%) illustrated a downward trend over the same period. While the share of Israel (+29 p.p.), Palestine (+7 p.p.) and Jordan (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-32.9 p.p.) displayed negative dynamics.

In value terms, Israel ($X) constitutes the largest market for imported herring, salted or in brine in Asia, comprising 74% of total imports. The second position in the ranking was held by Jordan ($X), with a 7.3% share of total imports. It was followed by Palestine, with a 6.7% share.

In Israel, herring, salted or in brine imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Jordan (+3.4% per year) and Palestine (+4.0% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, waning by -4.4% against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2017 when the import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Israel ($X per ton) and Jordan ($X per ton), while Palestine ($X per ton) and Turkmenistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (-1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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