South-Eastern Asia: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in South-Eastern Asia

In 2020, after three years of growth, there was significant decline in the Southeast Asian frozen atlantic halibut market, when its value decreased by -X% to $X. The total consumption indicated a remarkable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-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 2013 with an increase of X% y-o-y. Over the period under review, the market reached the peak level at $X in 2019, and then contracted notably in the following year.

Frozen Atlantic Halibut Production in South-Eastern Asia

In value terms, frozen atlantic halibut production expanded significantly to $X in 2020 estimated in export prices. In general, production posted a perceptible increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2018 to 2020, production growth remained at a somewhat lower figure.

Production By Country in South-Eastern Asia

The countries with the highest volumes of frozen atlantic halibut production in 2020 were Indonesia (X tons), Myanmar (X tons) and the Philippines (X tons).

From 2007 to 2020, the most notable rate of growth in terms of frozen atlantic halibut production, amongst the main producing countries, was attained by Indonesia, while frozen atlantic halibut production for the other leaders experienced more modest paces of growth.

Frozen Atlantic Halibut Exports

Exports in South-Eastern Asia

In 2020, shipments abroad of frozen atlantic halibut was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports continue to indicate notable growth. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure at X tons in 2017; however, from 2018 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut exports rose markedly to $X in 2020. Total exports indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2017 to 2020, the growth exports remained at a lower figure.

Exports by Country

The shipments of the six major exporters of frozen atlantic halibut, namely Indonesia, Vietnam, Thailand, Singapore, the Philippines and Myanmar, represented more than two-thirds of total export. It was distantly followed by Malaysia (X tons), creating a X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Indonesia, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen atlantic halibut supplying countries in South-Eastern Asia were Vietnam ($X), Singapore ($X) and Thailand ($X), together accounting for X% of total exports. These countries were followed by the Philippines, Malaysia, Indonesia and Myanmar, which together accounted for a further X the main exporting countries, Indonesia recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The frozen atlantic halibut export price in South-Eastern Asia stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. from 2010 to 2020, the growth in terms of the export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports in South-Eastern Asia

In 2020, overseas purchases of frozen atlantic halibut decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons. from 2011 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen atlantic halibut imports shrank sharply to $X in 2020. Over the period under review, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2019, and then declined dramatically in the following year.

Imports by Country

Vietnam (X tons) and Thailand (X tons) represented the major importers of frozen atlantic halibut in 2020, finishing at near X% and X% of total imports, respectively. It was distantly followed by Malaysia (X tons) and Singapore (X tons), together committing a X% share of total imports.

From 2007 to 2020, the biggest increases were in Thailand, while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest frozen atlantic halibut importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total imports.

In terms of the main importing countries, Thailand 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 2020, the frozen atlantic halibut import price in South-Eastern Asia amounted to $X per ton, waning by -X% against the previous year. Import price indicated a notable expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of X% y-o-y. The level of import peaked at $X per ton in 2019, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while Malaysia ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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