Asia-Pacific: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Asia-Pacific

The Asia-Pacific fresh or chilled anchovies market soared to $X in 2021, with an increase of 114% against the previous year. Overall, consumption saw prominent growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Fresh Or Chilled Anchovies in Asia-Pacific

In value terms, fresh or chilled anchovies production surged to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 687% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Fresh Or Chilled Anchovies

Exports in Asia-Pacific

In 2021, exports of fresh or chilled anchovieses in Asia-Pacific shrank dramatically to X tons, waning by -67.5% on the year before. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 319% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled anchovies exports declined significantly to $X in 2021. Over the period under review, exports saw a deep setback. The growth pace was the most rapid in 2017 with an increase of 214%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India was the main exporter of fresh or chilled anchovieses in Asia-Pacific, with the volume of exports reaching X tons, which was approx. 55% of total exports in 2021. Vietnam (X tons) ranks second in terms of the total exports with a 17% share, followed by Indonesia (15%), China (6%) and Malaysia (4.7%).

From 2012 to 2021, average annual rates of growth with regard to fresh or chilled anchovies exports from India stood at +21.0%. At the same time, Malaysia (+27.0%) and Vietnam (+17.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +27.0% from 2012-2021. By contrast, Indonesia (-7.3%) and China (-25.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, Vietnam and Malaysia increased by +55, +15 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest fresh or chilled anchovies supplier in Asia-Pacific, comprising 64% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by Indonesia, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +19.7%. In the other countries, the average annual rates were as follows: Vietnam (+18.1% per year) and Indonesia (-17.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2014 an increase of 114% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports in Asia-Pacific

After two years of growth, purchases abroad of fresh or chilled anchovieses decreased by -69.2% to X tons in 2021. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 2,533%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports shrank rapidly to $X in 2021. In general, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 141%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

South Korea dominates imports structure, amounting to X tons, which was approx. 52% of total imports in 2021. Taiwan (Chinese) (X tons) held the second position in the ranking, followed by India (X tons), New Zealand (X tons) and Malaysia (X tons). All these countries together held near 26% share of total imports. The Philippines (X tons), China (X tons), Singapore (X tons), Nepal (X tons), Bangladesh (X tons) and Thailand (X tons) held a relatively small share of total imports.

Imports into South Korea increased at an average annual rate of +21.5% from 2012 to 2021. At the same time, New Zealand (+301.0%), Nepal (+136.3%) and Thailand (+8.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +301.0% from 2012-2021. Malaysia and Singapore experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.4%), China (-5.2%), India (-22.9%), Bangladesh (-39.1%) and the Philippines (-66.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea, New Zealand, Taiwan (Chinese), Malaysia, the Philippines, Nepal, Singapore, China and Thailand increased by +50, +5.7, +5.5, +4.1, +3.5, +2.9, +2.4, +1.9 and +1.8 percentage points, respectively.

In value terms, South Korea ($X), New Zealand ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 46% of total imports.

New Zealand, with a CAGR of +147.4%, recorded the highest rates of growth with regard to the value of imports, among 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, growing by 7.4% against the previous year. Overall, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 1,459%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+16.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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