Asia-Pacific: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Asia-Pacific

In 2021, after five years of growth, there was decline in the Asia-Pacific market for smoked fish other than salmon and herring, when its value decreased by -2.9% to $X. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +45.9% against 2015 indices. The level of consumption peaked at $X in 2020, and then reduced modestly in the following year.

Production of Smoked Fish Other than Salmon and Herring in Asia-Pacific

In value terms, production of smoked fish other than salmon and herring dropped modestly to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +47.8% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 24%. Over the period under review, production of attained the maximum level at $X in 2020, and then reduced modestly in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports in Asia-Pacific

Exports of smoked fish other than salmon and herring contracted markedly to X tons in 2021, with a decrease of -29.5% on the previous year's figure. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 23%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of smoked fish other than salmon and herring contracted dramatically to $X in 2021. In general, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of around X tons, which reached 43% of total exports. Indonesia (X tons) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (14%) and the Philippines (8.7%). Vietnam (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +8.4%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, China ($X), Indonesia ($X) and Thailand ($X) were the countries with the highest levels of exports in 2021, together comprising 83% of total exports.

In terms of the main exporting countries, China, with a CAGR of +8.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, increasing by 5.4% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for smoked fish other than salmon and herring increased by +28.8% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 72%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Vietnam ($X per ton) and China ($X per ton), while Thailand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.3%), while the other leaders experienced more modest paces of growth.

Imports of Smoked Fish Other than Salmon and Herring

Imports in Asia-Pacific

In 2021, imports of smoked fish other than salmon and herring in Asia-Pacific fell to X tons, shrinking by -8.2% on 2020. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 12% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of smoked fish other than salmon and herring shrank to $X in 2021. Over the period under review, imports showed a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of 3.9%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of imports of smoked fish other than salmon and herring in 2021 were Japan (X tons), Australia (X tons) and South Korea (X tons), together resulting at 72% of total import. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 13% share of total imports. Hong Kong SAR (X tons), Bhutan (X tons) and Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +16.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 83% of total imports. These countries were followed by Hong Kong SAR, Taiwan (Chinese), Brunei Darussalam and Bhutan, which together accounted for a further 9.5%.

Hong Kong SAR, with a CAGR of +13.3%, recorded 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

The import price in Asia-Pacific stood at $X per ton in 2021, increasing by 6.1% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2014 when the import price increased by 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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