South-Eastern Asia: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in South-Eastern Asia

The Southeast Asian caviar (sturgeon) market stood at $X in 2021, picking up by 2.7% against the previous year. In general, consumption showed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Caviar (Sturgeon) Production in South-Eastern Asia

In value terms, caviar (sturgeon) production totaled $X in 2021 estimated in export price. Over the period under review, production posted a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Caviar (Sturgeon) Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of caviar (sturgeon) decreased by -26.5% to X tons, falling for the fifth year in a row after five years of growth. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 457% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, caviar (sturgeon) exports expanded rapidly to $X in 2021. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 203%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the two major exporters of caviar (sturgeon), namely Singapore and Malaysia, represented more than two-thirds of total export.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +49.7%).

In value terms, Singapore ($X) emerged as the largest caviar (sturgeon) supplier in South-Eastern Asia, comprising 71% of total exports. The second position in the ranking was held by Malaysia ($X), with a 28% share of total exports.

In Singapore, caviar (sturgeon) exports increased at an average annual rate of +39.4% over the period from 2012-2021.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, jumping by 44% against the previous year. Over the period under review, the export price, however, saw a perceptible decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while Malaysia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+0.8%).

Caviar (Sturgeon) Imports

Imports in South-Eastern Asia

In 2021, caviar (sturgeon) imports in South-Eastern Asia soared to X tons, jumping by 96% against 2020. Overall, imports, however, recorded a deep reduction. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, caviar (sturgeon) imports soared to $X in 2021. Total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 +71.0% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Singapore (X tons) was the major importer of caviar (sturgeon), achieving 74% of total imports. Malaysia (X tons) took the second position in the ranking, followed by Thailand (X tons). All these countries together held near 25% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to caviar (sturgeon) imports into Singapore stood at +9.3%. At the same time, Malaysia (+23.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +23.8% from 2012-2021. By contrast, Thailand (-28.1%) illustrated a downward trend over the same period. While the share of Singapore (+61 p.p.) and Malaysia (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-74.7 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) constitutes the largest market for imported caviar (sturgeon) in South-Eastern Asia, comprising 70% of total imports. The second position in the ranking was held by Thailand ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore amounted to +13.9%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-9.5% per year) and Malaysia (+22.3% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, falling by -27.6% against the previous year. Over the period under review, the import price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2014 when the import price increased by 131% against the previous year. The level of import peaked at $X per ton in 2020, and then contracted dramatically in the following year.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Malaysia ($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 (+25.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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