ASEAN: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in ASEAN

The ASEAN dried or smoked fish market expanded slightly to $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Dried Or Smoked Fish in ASEAN

In value terms, dried or smoked fish production stood at $X in 2023 estimated in export price. The total production indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports in ASEAN

Dried or smoked fish exports contracted remarkably to X tons in 2023, with a decrease of X% on the previous year's figure. Overall, exports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, dried or smoked fish exports declined to $X in 2023. Total exports indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

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

Vietnam was also the fastest-growing in terms of the dried or smoked fish exports, with a CAGR of X% from 2012 to 2023. Malaysia (X%), the Philippines (X%), Indonesia (X%), Myanmar (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Vietnam increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Vietnam, dried or smoked fish exports expanded at an average annual rate of X% over the period from 2012-2023. 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 ASEAN amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, 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 Indonesia ($X per ton), while Myanmar ($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 Dried Or Smoked Fish

Imports in ASEAN

In 2023, the amount of dried or smoked fish imported in ASEAN reduced to X tons, which is down by X% on the previous year's figure. Over the period under review, imports saw a deep reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, dried or smoked fish imports reduced to $X in 2023. Overall, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Malaysia represented the main importer of dried or smoked fish in ASEAN, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Thailand (X tons), Singapore (X tons) and Vietnam (X tons), together committing a X% share of total imports. Brunei Darussalam (X tons) followed a long way behind the leaders.

Imports into Malaysia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%), Singapore (X%) and Vietnam (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Thailand (X p.p.) and Brunei Darussalam (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dried or smoked fish importing markets in ASEAN were Malaysia ($X), Singapore ($X) and Thailand ($X), with a combined X% share of total imports. Vietnam and Brunei Darussalam lagged somewhat behind, together comprising a further X%.

Brunei Darussalam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 ASEAN stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform