South-Eastern Asia: Battered Fish Fillet Market 2025

Battered Fish Fillet Market Size in South-Eastern Asia

The Southeast Asian battered fish fillet market stood at $X in 2021, growing by 2.3% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Battered Fish Fillet Production in South-Eastern Asia

In value terms, battered fish fillet production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 11% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Battered Fish Fillet Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of fish fillets in batter or breadcrumbs decreased by -2.3% to X tons for the first time since 2015, thus ending a five-year rising trend. Total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. The volume of export peaked at X tons in 2020, and then declined in the following year.

In value terms, battered fish fillet exports declined to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.7% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 30%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Vietnam (X tons) and Thailand (X tons) were the major exporters of fish fillets in batter or breadcrumbs in South-Eastern Asia, together amounting to near 87% of total exports. It was distantly followed by Malaysia (X tons), committing an 11% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +6.1%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 95% share of total exports.

Thailand, with a CAGR of +6.0%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, shrinking by -3.7% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the export price increased by 11% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the other leaders experienced a decline in the export price figures.

Battered Fish Fillet Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of fish fillets in batter or breadcrumbs increased by 22% to X tons, rising for the second year in a row after two years of decline. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 49% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, battered fish fillet imports surged to $X in 2021. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 48%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Cambodia (X tons), distantly followed by Thailand (X tons), Malaysia (X tons), Singapore (X tons), the Philippines (X tons), Myanmar (X tons) and Vietnam (X tons) represented the main importers of fish fillets in batter or breadcrumbs, together constituting 94% 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 Thailand (with a CAGR of +29.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cambodia ($X), Malaysia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, with a combined 77% share of total imports.

Among the main importing countries, Thailand, with a CAGR of +20.5%, saw the highest growth rate of the value of imports, 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 South-Eastern Asia amounted to $X per ton, declining by -2.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2019 an increase of 22%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the import prices remained at a somewhat lower figure.

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 Malaysia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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