Eastern Asia: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Eastern Asia

The East Asian fresh or chilled anchovies market declined to $X in 2021, with a decrease of -14.7% against the previous year. Overall, consumption, however, posted moderate growth. The level of consumption peaked at $X in 2020, and then declined in the following year.

Production of Fresh Or Chilled Anchovies in Eastern Asia

In value terms, fresh or chilled anchovies production shrank to $X in 2021 estimated in export price. The total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 increased by +69.6% against 2016 indices. The growth pace was the most rapid in 2017 when the production volume increased by 33% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Fresh Or Chilled Anchovies

Exports in Eastern Asia

In 2021, overseas shipments of fresh or chilled anchovieses decreased by -10.5% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2018 with an increase of 10,806% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fresh or chilled anchovies exports shrank remarkably to $X in 2021. Overall, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 8,309% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 97% of total exports in 2021. South Korea (X kg) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fresh or chilled anchovies exports from China stood at -25.5%. At the same time, South Korea (+8.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.7% from 2012-2021. From 2012 to 2021, the share of China and South Korea increased by +5.8 and +2.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fresh or chilled anchovies supplier in Eastern Asia, comprising 86% of total exports. The second position in the ranking was held by South Korea ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to -18.6%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, declining by -9.5% against the previous year. Overall, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 355%. As a result, the export price reached the peak level of $X per ton. From 2018 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 South Korea ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.3%).

Imports of Fresh Or Chilled Anchovies

Imports in Eastern Asia

In 2021, after two years of growth, there was significant decline in overseas purchases of fresh or chilled anchovieses, when their volume decreased by -15.9% to X tons. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 422%. As a result, imports reached 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 dropped significantly to $X in 2021. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 272% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea was the key importing country with an import of around X tons, which reached 81% of total imports. It was distantly followed by Taiwan (Chinese) (X tons) and China (X tons), together generating an 18% share of total imports.

South Korea was also the fastest-growing in terms of the fresh or chilled anchovieses imports, with a CAGR of +21.5% from 2012 to 2021. Taiwan (Chinese) (-2.4%) and China (-5.2%) illustrated a downward trend over the same period. South Korea (+45 p.p.) significantly strengthened its position in terms of the total imports, while China and Taiwan (Chinese) saw its share reduced by -17% and -28.4% from 2012 to 2021, respectively.

In value terms, South Korea ($X) constitutes the largest market for imported fresh or chilled anchovieses in Eastern Asia, comprising 63% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in South Korea stood at +24.6%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+4.7% per year) and China (-5.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, declining by -33.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 198%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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