Report Update Jan 1, 2025

Singapore - Dried or Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Market for Dried Or Smoked Fish 2025

Market Size for Dried Or Smoked Fish in Singapore

In 2021, the Singaporean dried or smoked fish market increased by 16% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a slight downturn. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Dried Or Smoked Fish

Exports from Singapore

In 2021, the amount of dried or smoked fish exported from Singapore contracted to X tons, reducing by -6.7% on the year before. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2013 with an increase of 21%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, dried or smoked fish exports surged to $X in 2021. Overall, exports continue to indicate a deep downturn. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Hong Kong SAR (X tons) and China (X tons) were the main destinations of dried or smoked fish exports from Singapore, with a combined 70% share of total exports. Brunei Darussalam, France, Vietnam, Indonesia, Taiwan (Chinese), the Philippines and Japan lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +39.0%), while the other leaders experienced mixed trend patterns.

In value terms, Hong Kong SAR ($X) remains the key foreign market for dried or smoked fish exports from Singapore, comprising 69% of total exports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total exports. It was followed by China, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-0.3% per year) and China (-17.4% per year).

Export Prices by Country

In 2021, the average dried or smoked fish export price amounted to $X per ton, picking up by 50% against the previous year. In general, the export price saw a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Singapore

After two years of decline, supplies from abroad of dried or smoked fish increased by 10% to X tons in 2021. Over the period under review, imports, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2016 with an increase of 12%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, dried or smoked fish imports rose markedly to $X in 2021. In general, imports, however, saw a deep downturn. The growth pace was the most rapid in 2015 when imports increased by 15%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest dried or smoked fish supplier to Singapore, accounting for a 51% share of total imports. Moreover, dried or smoked fish imports from Vietnam exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), threefold. Thailand (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+0.5% per year) and Thailand (-4.8% per year).

In value terms, Vietnam ($X) constituted the largest supplier of dried or smoked fish to Singapore, comprising 23% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 9.7% share of total imports. It was followed by Indonesia, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.8% per year) and Indonesia (-9.7% per year).

Import Prices by Country

In 2021, the average dried or smoked fish import price amounted to $X per ton, growing by 2.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 12%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dried or smoked fish in the world?

The country with the largest volume of dried or smoked fish consumption was Iceland, comprising approx. 67% of total volume. Moreover, dried or smoked fish consumption in Iceland exceeded the figures recorded by the second-largest consumer, China, more than tenfold. The United States ranked third in terms of total consumption with a 3.3% share.

What are the largest producers of dried or smoked fish in the world?

Iceland remains the largest dried or smoked fish producing country worldwide, accounting for 67% of total volume. Moreover, dried or smoked fish production in Iceland exceeded the figures recorded by the second-largest producer, China, more than tenfold. The United States ranked third in terms of total production with a 3.1% share.

What are the leading suppliers of dried or smoked fish to Singapore?

In value terms, Vietnam constituted the largest supplier of dried or smoked fish to Singapore, comprising 23% of total imports. The second position in the ranking was occupied by Malaysia, with a 10% share of total imports. It was followed by Indonesia, with a 9.3% share.

What are the leading importers of dried or smoked fish from Singapore?

In value terms, Hong Kong SAR, China and Malaysia constituted the largest markets for dried or smoked fish exported from Singapore worldwide, with a combined 80% share of total exports. Indonesia, France, Brunei Darussalam and Vietnam lagged somewhat behind, together comprising a further 9%.

What is the average export price for dried or smoked fish in Singapore?

The average dried or smoked fish export price stood at $20,192 per ton in 2020, picking up by 11% against the previous year.

What is the average import price for dried or smoked fish in Singapore?

In 2020, the average dried or smoked fish import price amounted to $9,538 per ton, with an increase of 6.3% against the previous year.

This report provides an in-depth analysis of the market for dried or smoked fish in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202100 - Fish fillets, dried, salted or in brine, but not smoked
Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)
Prodcom 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
Prodcom 10202485 - Smoked fish (excluding herrings, Pacific, Atlantic and Danube salmon), including fillets, excluding head, tails and maws
Prodcom 10202200 - Flours, meals and pellets of fish, fit for human consumption, f ish livers and roes, dried, smoked, salted or in brine

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024