Asia-Pacific: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Asia-Pacific

In 2021, after three years of decline, there was growth in the Asia-Pacific dried or salted fish market, when its value increased by 3.1% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Dried Or Salted Fish in Asia-Pacific

In value terms, dried or salted fish production rose notably to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports in Asia-Pacific

In 2021, the amount of dried or salted fish exported in Asia-Pacific dropped significantly to X tons, with a decrease of -22.3% on the year before. In general, exports recorded a perceptible setback. The pace of growth appeared the most rapid in 2020 when exports increased by 29% against the previous year. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, dried or salted fish exports reduced notably to $X in 2021. Overall, exports showed a mild reduction. The pace of growth was the most pronounced in 2016 when exports increased by 11% against the previous year. The level of export peaked at $X in 2020, and then declined rapidly in the following year.

Exports by Country

Vietnam represented the largest exporter of dried or salted fish in Asia-Pacific, with the volume of exports recording X tons, which was approx. 39% of total exports in 2021. It was distantly followed by China (X tons), Thailand (X tons) and India (X tons), together committing a 47% share of total exports. The following exporters - Myanmar (X tons), Indonesia (X tons) and Malaysia (X tons) - together made up 10% of total exports.

Vietnam was also the fastest-growing in terms of the dried or salted fish exports, with a CAGR of +16.4% from 2012 to 2021. At the same time, Myanmar (+14.5%) and India (+7.0%) displayed positive paces of growth. By contrast, China (-2.3%), Malaysia (-3.3%), Thailand (-13.9%) and Indonesia (-14.2%) illustrated a downward trend over the same period. Vietnam (+31 p.p.), India (+7 p.p.) and Myanmar (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Thailand saw its share reduced by -6.7% and -30.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dried or salted fish supplying countries in Asia-Pacific were China ($X), Vietnam ($X) and Thailand ($X), with a combined 77% share of total exports. These countries were followed by India, Myanmar, Indonesia and Malaysia, which together accounted for a further 15%.

In terms of the main exporting countries, Myanmar, with a CAGR of +15.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2019 when the export price increased by 11% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.5%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports in Asia-Pacific

In 2021, the amount of dried or salted fish imported in Asia-Pacific contracted markedly to X tons, dropping by -18.8% against the previous year. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, dried or salted fish imports fell dramatically to $X in 2021. Over the period under review, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2017 when imports increased by 15% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) and Malaysia (X tons) represented the key importers of dried or salted fish in Asia-Pacific, together generating 60% of total imports. It was distantly followed by South Korea (X tons) and Bangladesh (X tons), together constituting a 19% share of total imports. Sri Lanka (X tons), Indonesia (X tons), Thailand (X tons) and Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +38.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 68% share of total imports. These countries were followed by Sri Lanka, Bangladesh, Singapore, Indonesia and Thailand, which together accounted for a further 17%.

Bangladesh, with a CAGR of +36.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by 12%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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