Price for Smoked Fish, Incl. Fillets in Singapore - 2022

Contents:

1. Price for Smoked Fish, Incl. Fillets in Singapore (CIF) - 2022
2. Price for Smoked Fish, Incl. Fillets in Singapore (FOB) - 2022
3. Imports of Smoked Fish, Incl. Fillets in Singapore
4. Exports of Smoked Fish, Incl. Fillets in Singapore

Price for Smoked Fish, Incl. Fillets in Singapore (CIF) - 2022

In September 2022, the average smoked fish, incl. fillets import price amounted to $15,268 per ton, declining by -48.8% against the previous month. Over the period under review, the import price, however, recorded a moderate expansion. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 113% month-to-month. Over the period under review, average import prices reached the maximum at $41,848 per ton in February 2022; however, from March 2022 to September 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Spain ($48,715 per ton), while the price for Indonesia ($13,213 per ton) was amongst the lowest.

From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Smoked Fish, Incl. Fillets in Singapore (FOB) - 2022

The average smoked fish, incl. fillets export price stood at $23,923 per ton in 2022, surging by 6.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The export price peaked at $26,835 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($32,785 per ton), while the average price for exports to Malaysia ($17,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Smoked Fish, Incl. Fillets in Singapore

In 2022, overseas purchases of smoked fish, incl. fillets increased by 100% to 124 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, smoked fish, incl. fillets imports soared to $1.8M in 2022. Overall, imports posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Smoked Fish, Incl. Fillets to Singapore in 2022:

1. Vietnam (48.0 tons)
2. Norway (41.1 tons)
3. China (13.3 tons)
4. Indonesia (12.2 tons)
5. United Kingdom (2.5 tons)

Exports of Smoked Fish, Incl. Fillets in Singapore

In 2022, approx. 7.1 tons of smoked fish, incl. fillets were exported from Singapore; picking up by 130% on 2021. Overall, exports continue to indicate modest growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, smoked fish, incl. fillets exports skyrocketed to $171K in 2022. In general, exports, however, showed a mild descent.

Top Export Markets for Smoked Fish, Incl. Fillets from Singapore in 2022:

1. Philippines (3.8 tons)
2. Brunei Darussalam (1.6 tons)
3. Indonesia (1.0 tons)
4. Vietnam (0.6 tons)
5. Malaysia (0.1 tons)
6. South Korea (0.1 tons)

Source: IndexBox Market Intelligence Platform