Asia-Pacific: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in Asia-Pacific

In 2022, the Asia-Pacific market for fresh or chilled salmonoids fillets increased by 67% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Fillets in Asia-Pacific

In value terms, fresh or chilled salmonoids fillets production fell to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.3% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 115%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in Asia-Pacific

In 2022, overseas shipments of fresh or chilled salmonoids fillets decreased by -20.4% to X tons, falling for the eighth consecutive year after three years of growth. Overall, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2014 with an increase of 73% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets exports contracted markedly to $X in 2022. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 93% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons) and India (X tons) dominates exports structure, together generating 92% of total exports. Singapore (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Pakistan (with a CAGR of +4.0%), while the other leaders experienced a decline in the exports figures.

In value terms, India ($X) remains the largest fresh or chilled salmonoids fillets supplier in Asia-Pacific, comprising 50% of total exports. The second position in the ranking was held by Singapore ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled -22.3%. In the other countries, the average annual rates were as follows: Singapore (-0.5% per year) and Pakistan (-4.7% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with a decrease of -16.4% against the previous year. Overall, the export price, however, continues to indicate a perceptible increase. The growth pace was the most rapid in 2021 when the export price increased by 104% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, 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 Singapore ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in Asia-Pacific

In 2022, after five years of decline, there was growth in overseas purchases of fresh or chilled salmonoids fillets, when their volume increased by 0.2% to X tons. Overall, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 28%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets imports fell to $X in 2022. In general, imports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 37% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of fresh or chilled salmonoids fillets, namely China, Afghanistan and Singapore, represented more than two-thirds of total import. It was distantly followed by Nepal (X tons), committing a 5.1% share of total imports. The following importers - Malaysia (X tons), Vietnam (X tons) and Brunei Darussalam (X tons) - together made up 8% of total imports.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of +41.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported fresh or chilled salmonoids fillets in Asia-Pacific, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Brunei Darussalam, with a 5.6% share.

In Singapore, fresh or chilled salmonoids fillets imports expanded at an average annual rate of +2.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: China (-4.7% per year) and Brunei Darussalam (+8.9% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, dropping by -5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the import price increased by 36%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brunei Darussalam ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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