Asia: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Asia

The Asian market for frozen, dried and smoked fish was estimated at $X in 2023, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Frozen, Dried And Smoked Fish in Asia

In value terms, frozen, dried and smoked fish production expanded to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Frozen, Dried And Smoked Fish

Exports in Asia

In 2023, overseas shipments of frozen, dried and smoked fish increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish exports contracted 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 consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then shrank in the following year.

Exports by Country

China (X tons), Vietnam (X tons) and India (X tons) represented roughly X% of total exports in 2023. It was distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons), together creating a X% share of total exports. Japan (X tons), Myanmar (X tons), Pakistan (X tons), Oman (X tons) and Thailand (X tons) held a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Oman (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and India ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Indonesia, South Korea, Taiwan (Chinese), Thailand, Japan, Pakistan, Myanmar and Oman lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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

The export price in Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Oman ($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 Asia

In 2023, the amount of frozen, dried and smoked fish imported in Asia shrank to X tons, stabilizing at 2022. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, frozen, dried and smoked fish imports reduced to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2023, China (X tons) was the main importer of frozen, dried and smoked fish, comprising X% of total imports. It was distantly followed by Thailand (X tons), Japan (X tons), South Korea (X tons) and Vietnam (X tons), together creating a X% share of total imports. The following importers - the Philippines (X tons) and Malaysia (X tons) - each reached a X% share of total imports.

China was also the fastest-growing in terms of the frozen, dried and smoked fish imports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%), Malaysia (X%) and South Korea (X%) displayed positive paces of growth. By contrast, Thailand (X%), Vietnam (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Vietnam (X p.p.), Thailand (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Thailand, Vietnam, the Philippines and Malaysia lagged somewhat behind, together accounting for a further X%.

Among 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 Asia amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Thailand ($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