Asia-Pacific: Preserved Fish Fillet Market 2025

Preserved Fish Fillet Market Size in Asia-Pacific

In 2021, the Asia-Pacific preserved fish fillet market increased by 3.2% to $X, rising for the fourth year in a row after two years of decline. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.6% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Preserved Fish Fillet Production in Asia-Pacific

In value terms, preserved fish fillet production reached $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value 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, production decreased by -0.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 35%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Preserved Fish Fillet Exports

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded decline in shipments abroad of fish fillets (dried, salted or in brine, but not smoked), which decreased by -31.1% to X tons in 2021. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 42% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved fish fillet exports contracted dramatically to $X in 2021. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 6% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 81% of total exports in 2021. It was distantly followed by Pakistan (X tons), achieving a 9.7% share of total exports. Malaysia (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -8.8% from 2012 to 2021. At the same time, Malaysia (+63.0%), Indonesia (+15.2%) and Pakistan (+3.5%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +63.0% from 2012-2021. From 2012 to 2021, the share of Pakistan, Malaysia and Indonesia increased by +6.1, +3.5 and +2.7 percentage points, respectively.

In value terms, China ($X) remains the largest preserved fish fillet supplier in Asia-Pacific, comprising 88% of total exports. The second position in the ranking was held by Pakistan ($X), with a 2.9% share of total exports. It was followed by Malaysia, with a 1.9% share.

In China, preserved fish fillet exports plunged by an average annual rate of -8.0% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+5.0% per year) and Malaysia (+28.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, growing by 17% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 28% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+1.5%), while the other leaders experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports in Asia-Pacific

In 2021, purchases abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by -0.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 17%. Over the period under review, imports reached the maximum at X tons in 2020, and then declined in the following year.

In value terms, preserved fish fillet imports stood at $X in 2021. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 42%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Bangladesh (X tons) represented the key importer of fish fillets (dried, salted or in brine, but not smoked), making up 42% of total imports. Indonesia (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (16%). Taiwan (Chinese) (X tons), Australia (X tons), South Korea (X tons), Japan (X tons), Bhutan (X tons), India (X tons) and Malaysia (X tons) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the fish fillets (dried, salted or in brine, but not smoked) imports, with a CAGR of +77.8% from 2012 to 2021. At the same time, Indonesia (+71.8%), India (+39.4%), Malaysia (+17.6%) and Bhutan (+8.4%) displayed positive paces of growth. Taiwan (Chinese) and Sri Lanka experienced a relatively flat trend pattern. By contrast, Australia (-7.0%), South Korea (-13.1%) and Japan (-21.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Bangladesh, Indonesia and India increased by +42, +17 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X), Japan ($X) and Sri Lanka ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 42% of total imports.

Bangladesh, with a CAGR of +65.2%, saw the highest growth rate of 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, leveling off at the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 23%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bhutan (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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