South-Eastern Asia: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in South-Eastern Asia

The Southeast Asian fresh or chilled anchovies market surged to $X in 2021, increasing by 281% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in South-Eastern Asia

In value terms, fresh or chilled anchovies production skyrocketed to $X in 2021 estimated in export price. In general, production saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 652% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in South-Eastern Asia

In 2021, overseas shipments of fresh or chilled anchovieses decreased by -84.9% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 531%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh or chilled anchovies exports fell dramatically to $X in 2021. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 562% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Vietnam (X tons) and Indonesia (X tons) represented the major exporters of fresh or chilled anchovieses in South-Eastern Asia, together generating 82% of total exports. It was distantly followed by Malaysia (X tons), constituting a 12% share of total exports. The following exporters - Myanmar (X tons) and the Philippines (X tons) - together made up 5.2% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of +27.0%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Vietnam ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 94% of total exports.

Among the main exporting countries, Malaysia, with a CAGR of +24.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, waning by -10.1% against the previous year. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when the export price increased by 63%. As a result, the export price attained the peak level of $X per ton. From 2015 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 Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports in South-Eastern Asia

Fresh or chilled anchovies imports dropped rapidly to X tons in 2021, reducing by -57.5% compared with the previous year's figure. In general, imports, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 15,290% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fresh or chilled anchovies imports declined sharply to $X in 2021. Over the period under review, imports showed a pronounced slump. The pace of growth was the most pronounced in 2017 when imports increased by 277%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons), distantly followed by the Philippines (X tons), Singapore (X tons) and Thailand (X tons) were the largest importers of fresh or chilled anchovieses, together constituting 98% of total imports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +8.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Malaysia ($X), the Philippines ($X) and Singapore ($X) were the countries with the highest levels of imports in 2021, together comprising 81% of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of +0.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, rising by 15% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2018 when the import price increased by 1,857%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Singapore ($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 (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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