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

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

After five years of growth, the Asian market for smoked fish other than salmon and herring decreased by -2.7% to $X in 2021. 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 +45.3% against 2015 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then fell modestly in the following year.

Production of Smoked Fish Other than Salmon and Herring in Asia

In value terms, production of smoked fish other than salmon and herring fell modestly to $X in 2021 estimated in export price. The total production indicated a prominent 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 +46.8% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 21% against the previous year. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports in Asia

In 2021, approx. X tons of smoked fish other than salmon and herring were exported in Asia; increasing by 5% on 2020. Over the period under review, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 14% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of smoked fish other than salmon and herring surged to $X in 2021. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey represented the major exporter of smoked fish other than salmon and herring in Asia, with the volume of exports resulting at X tons, which was approx. 48% of total exports in 2021. China (X tons) took the second position in the ranking, distantly followed by Indonesia (X tons) and Thailand (X tons). All these countries together took approx. 42% share of total exports. The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to smoked fish other than salmon and herring exports from Turkey stood at +7.7%. At the same time, China (+8.4%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +8.4% from 2012-2021. By contrast, the Philippines (-8.3%), Indonesia (-10.8%) and Thailand (-23.7%) illustrated a downward trend over the same period. While the share of Turkey (+35 p.p.) and China (+16 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-7.3 p.p.) and Thailand (-38.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest smoked fish other than salmon and herring supplier in Asia, comprising 54% of total exports. The second position in the ranking was held by China ($X), with a 21% share of total exports. It was followed by Indonesia, with an 11% share.

In Turkey, exports of smoked fish other than salmon and herring expanded at an average annual rate of +7.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+8.5% per year) and Indonesia (-9.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, picking up by 9.8% against the previous year. Over the last nine years, it increased at an average annual rate of +7.4%. The most prominent rate of growth was recorded in 2013 when the export price increased by 63%. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Turkey ($X per ton) and China ($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

In 2021, the amount of smoked fish other than salmon and herring imported in Asia reduced to X tons, dropping by -5.5% against 2020 figures. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when imports increased by 16% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of smoked fish other than salmon and herring amounted to $X in 2021. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 10% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons) and South Korea (X tons) were the major importers of smoked fish other than salmon and herring in 2021, accounting for approx. 33% and 22% of total imports, respectively. Taiwan (Chinese) (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Israel (5.5%). Kazakhstan (X tons), Hong Kong SAR (X tons), Bhutan (X tons), Brunei Darussalam (X tons), Indonesia (X tons) and Singapore (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hong Kong SAR (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported smoked fish other than salmon and herring in Asia, comprising 49% of total imports. The second position in the ranking was held by South Korea ($X), with a 19% share of total imports. It was followed by Israel, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to -13.2%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+12.5% per year) and Israel (+15.2% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, with an increase of 7.8% against the previous year. In general, the import price, however, showed a slight curtailment. The pace of growth was the most pronounced in 2017 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 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 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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