South-Eastern Asia: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in South-Eastern Asia

In 2022, the Southeast Asian market for fresh or chilled salmonoids fillets increased by 18% to $X, rising for the second consecutive year after two years of decline. In general, consumption enjoyed a strong increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Fresh Or Chilled Salmonoids Fillets in South-Eastern Asia

In value terms, fresh or chilled salmonoids fillets production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 35%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in South-Eastern Asia

Fresh or chilled salmonoids fillets exports dropped sharply to X tons in 2022, shrinking by -66.7% on 2021 figures. Overall, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 293%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets exports dropped dramatically to $X in 2022. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 358%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore dominates exports structure, accounting for X tons, which was approx. 80% of total exports in 2022. Vietnam (X tons) took the second position in the ranking, followed by Indonesia (X tons). All these countries together held near 14% share of total exports. The following exporters - Cambodia (X tons) and Myanmar (X tons) - each reached a 3.5% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to fresh or chilled salmonoids fillets exports from Singapore stood at -4.1%. At the same time, Cambodia (+10.9%) and Vietnam (+3.4%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +10.9% from 2012-2022. By contrast, Indonesia (-18.7%) and Myanmar (-35.1%) illustrated a downward trend over the same period. Singapore (+43 p.p.), Vietnam (+7.6 p.p.) and Cambodia (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Myanmar saw its share reduced by -6.8% and -36.8% from 2012 to 2022, respectively.

In value terms, Singapore ($X) remains the largest fresh or chilled salmonoids fillets supplier in South-Eastern Asia, comprising 87% of total exports. The second position in the ranking was held by Vietnam ($X), with an 8.1% share of total exports. It was followed by Indonesia, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+6.8% per year) and Indonesia (-19.7% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by 32% against the previous year. In general, the export price recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when the export price increased by 104%. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.8%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in South-Eastern Asia

In 2022, fresh or chilled salmonoids fillets imports in South-Eastern Asia declined significantly to X tons, waning by -27% against the previous year. Over the period under review, imports showed a slight reduction. The growth pace was the most rapid in 2013 with an increase of 42% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, fresh or chilled salmonoids fillets imports declined to $X in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 82% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X tons) represented the main importer of fresh or chilled salmonoids fillets, constituting 75% of total imports. Malaysia (X tons) ranks second in terms of the total imports with an 11% share, followed by Vietnam (7.8%) and Brunei Darussalam (4.8%).

Imports into Singapore decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, Vietnam (+8.6%) and Malaysia (+5.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +8.6% from 2012-2022. Brunei Darussalam experienced a relatively flat trend pattern. While the share of Malaysia (+5.7 p.p.) and Vietnam (+5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported fresh or chilled salmonoids fillets in South-Eastern Asia, comprising 79% of total imports. The second position in the ranking was taken by Brunei Darussalam ($X), with a 7.5% share of total imports. It was followed by Malaysia, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore stood at +2.9%. In the other countries, the average annual rates were as follows: Brunei Darussalam (+8.9% per year) and Malaysia (+4.3% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by 24% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The pace of growth appeared the most rapid in 2016 when the import price increased by 38%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brunei Darussalam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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