South-Eastern Asia: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in South-Eastern Asia

After two years of growth, the Southeast Asian market for frozen, dried and smoked fish decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2022, and then shrank slightly in the following year.

Production of Frozen, Dried And Smoked Fish in South-Eastern Asia

In value terms, frozen, dried and smoked fish production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Frozen, Dried And Smoked Fish

Exports in South-Eastern Asia

In 2023, exports of frozen, dried and smoked fish in South-Eastern Asia reduced to X tons, dropping by X% on the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The volume of export peaked at X tons in 2022, and then reduced in the following year.

In value terms, frozen, dried and smoked fish exports shrank to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

In 2023, Vietnam (X tons) was the largest exporter of frozen, dried and smoked fish, creating X% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a X% share, followed by Myanmar (X%) and Thailand (X%). The following exporters - Malaysia (X tons) and the Philippines (X tons) - together made up X% of total exports.

Exports from Vietnam increased at an average annual rate of X% from 2012 to 2023. At the same time, Myanmar (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. The Philippines experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia and Thailand saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest frozen, dried and smoked fish supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then dropped modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports in South-Eastern Asia

In 2023, after three years of growth, there was significant decline in overseas purchases of frozen, dried and smoked fish, when their volume decreased by X% to X tons. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports declined to $X in 2023. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Thailand represented the major importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by Vietnam (X tons), the Philippines (X tons), Malaysia (X tons) and Indonesia (X tons), together making up a X% share of total imports. Singapore (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen, dried and smoked fish imports into Thailand stood at X%. At the same time, the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. Singapore and Indonesia experienced a relatively flat trend pattern. By contrast, Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Philippines and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded 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 2023, the import price in South-Eastern Asia amounted to $X per ton, approximately reflecting the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked in 2023 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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform