Asia-Pacific: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Asia-Pacific

The Asia-Pacific dried or smoked fish market totaled $X in 2021, increasing by 2% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Dried Or Smoked Fish in Asia-Pacific

In value terms, dried or smoked fish production expanded slightly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 12% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports in Asia-Pacific

In 2021, overseas shipments of dried or smoked fish decreased by -15.4% to X tons, falling for the third year in a row after three years of growth. In general, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2017 when exports increased by 9.9% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, dried or smoked fish exports dropped to $X in 2021. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 9.5%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons), distantly followed by Vietnam (X tons), Thailand (X tons), India (X tons) and Indonesia (X tons) represented the key exporters of dried or smoked fish, together making up 88% of total exports. The following exporters - Malaysia (X tons) and Pakistan (X tons) - each resulted at a 4% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +11.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2021, together comprising 69% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +17.8%, saw 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

The export price in Asia-Pacific stood at $X per ton in 2021, growing by 9.8% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or smoked fish export price increased by +54.7% against 2012 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by 22%. The level of export peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports in Asia-Pacific

In 2021, supplies from abroad of dried or smoked fish decreased by -16.3% to X tons for the first time since 2017, thus ending a three-year rising trend. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then fell rapidly in the following year.

In value terms, dried or smoked fish imports contracted modestly to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 12%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Sri Lanka (X tons) and Malaysia (X tons) represented roughly 64% of total imports in 2021. South Korea (X tons) took the next position in the ranking, followed by Japan (X tons) and Hong Kong SAR (X tons). All these countries together held approx. 19% share of total imports. Australia (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +31.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported dried or smoked fish in Asia-Pacific, comprising 33% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Hong Kong SAR totaled -1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-6.0% per year) and China (+26.5% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, jumping by 18% against the previous year. Overall, the import price, however, recorded a noticeable reduction. Over the period under review, import prices attained 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 Hong Kong SAR ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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