South-Eastern Asia: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in South-Eastern Asia

The Southeast Asian market for smoked fish other than salmon and herring expanded remarkably to $X in 2021, picking up by 7.1% against the previous year. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -3.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Smoked Fish Other than Salmon and Herring in South-Eastern Asia

In value terms, production of smoked fish other than salmon and herring reached $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.4% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 29% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production of growth remained at a somewhat lower figure.

Exports of Smoked Fish Other than Salmon and Herring

Exports in South-Eastern Asia

In 2021, the amount of smoked fish other than salmon and herring exported in South-Eastern Asia fell sharply to X tons, which is down by -39.9% on the previous year. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 28%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of smoked fish other than salmon and herring reduced markedly to $X in 2021. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 36% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia represented the main exporting country with an export of about X tons, which reached 49% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 27% share, followed by the Philippines (16%) and Vietnam (4.9%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +18.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Indonesia ($X), Thailand ($X) and the Philippines ($X) constituted the countries with the highest levels of exports in 2021, with a combined 92% share of total exports. Vietnam and Malaysia lagged somewhat behind, together accounting for a further 7.9%.

In terms of the main exporting countries, Malaysia, with a CAGR of +11.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, rising by 6% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for smoked fish other than salmon and herring increased by +47.1% against 2015 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 64%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Vietnam ($X per ton) and the Philippines ($X per ton), while Malaysia ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.3%), while the other leaders experienced more modest paces of growth.

Imports of Smoked Fish Other than Salmon and Herring

Imports in South-Eastern Asia

In 2021, the amount of smoked fish other than salmon and herring imported in South-Eastern Asia shrank modestly to X tons, therefore, remained relatively stable against 2020 figures. Over the period under review, imports showed a mild decline. The pace of growth appeared the most rapid in 2018 when imports increased by 108% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of smoked fish other than salmon and herring contracted to $X in 2021. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2013 when imports increased by 40%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Brunei Darussalam (X tons), Indonesia (X tons) and Singapore (X tons) represented roughly 74% of total imports in 2021. Malaysia (X tons) ranks next in terms of the total imports with a 13% share, followed by Thailand (9%). The Philippines (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +10.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest smoked fish other than salmon and herring importing markets in South-Eastern Asia were Singapore ($X), Brunei Darussalam ($X) and Thailand ($X), with a combined 76% share of total imports. These countries were followed by Indonesia, Malaysia and the Philippines, which together accounted for a further 23%.

In terms of the main importing countries, Malaysia, with a CAGR of +14.0%, 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 more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, falling by -14% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 100% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 (+20.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :