Asia: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Asia

The Asian dried or smoked fish market expanded to $X in 2023, surging by X% against the previous year. The market 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 in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Dried Or Smoked Fish in Asia

In value terms, dried or smoked fish production reached $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports in Asia

In 2023, exports of dried or smoked fish in Asia shrank to X tons, which is down by X% against 2022. In general, exports showed a pronounced curtailment. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, dried or smoked fish exports rose rapidly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2022 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Vietnam (X tons) and China (X tons) were the major exporters of dried or smoked fish in 2023, recording near X% and X% of total exports, respectively. Thailand (X tons) took the next position in the ranking, followed by the United Arab Emirates (X tons), India (X tons) and Indonesia (X tons). All these countries together took approx. X% share of total exports. Myanmar (X tons) took a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per ton), while the United Arab Emirates ($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 Asia

In 2023, the amount of dried or smoked fish imported in Asia declined slightly to X tons, waning by X% on the year before. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, dried or smoked fish imports expanded sharply to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

China was the key importing country with an import of about X tons, which reached X% of total imports. Sri Lanka (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%), South Korea (X%) and Japan (X%). The following importers - Hong Kong SAR (X tons), Bangladesh (X tons), Thailand (X tons) and Singapore (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the dried or smoked fish imports, with a CAGR of X% from 2012 to 2023. At the same time, Bangladesh (X%) displayed positive paces of growth. By contrast, Thailand (X%), Malaysia (X%), Sri Lanka (X%), Hong Kong SAR (X%), Japan (X%), Singapore (X%) and South Korea (X%) illustrated a downward trend over the same period. China (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore, Hong Kong SAR, Malaysia, Sri Lanka, Japan and South Korea saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2023, respectively. 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 Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), together comprising X% of total imports.

In terms of the main importing countries, China, with a CAGR of X%, recorded 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 Asia stood at $X per ton in 2023, surging by X% against 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 2021 an increase of X%. Over the period under review, import prices hit record highs in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform