ASEAN: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in ASEAN

In 2022, the ASEAN market for cod, salted or in brine increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, continues to indicate a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cod, Salted or in Brine in ASEAN

In value terms, cod, salted or in brine production rose to $X in 2022 estimated in export price. In general, production, however, saw a perceptible reduction. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Cod, Salted or in Brine

Exports in ASEAN

In 2022, overseas shipments of cod, salted or in brine decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cod, salted or in brine exports amounted to $X in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Myanmar (X tons) represented the main exporter of cod, salted or in brine, creating X% of total exports. It was distantly followed by Singapore (X tons), creating a X% share of total exports.

Myanmar experienced a relatively flat trend pattern with regard to volume of exports of cod, salted or in brine. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2013-2022. Myanmar (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

From 2013 to 2022, the average annual growth rate of value in Singapore amounted to X%.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price enjoyed buoyant growth. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Myanmar totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Imports of Cod, Salted or in Brine

Imports in ASEAN

In 2022, overseas purchases of cod, salted or in brine decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, cod, salted or in brine imports reduced markedly to $X in 2022. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2019 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2022. The following importers - the Philippines (X tons) and Singapore (X tons) - together made up X% of total imports.

Vietnam was also the fastest-growing in terms of the cod, salted or in brine imports, with a CAGR of X% from 2012 to 2022. The Philippines (X%) and Singapore (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while the Philippines saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported cod, salted or in brine in ASEAN, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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