ASEAN: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in ASEAN

The ASEAN battered fish fillet market rose rapidly to $X in 2023, growing by X% against the previous year. The total consumption indicated a prominent 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, consumption decreased by X% against 2021 indices. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Battered Fish Fillet Production in ASEAN

In value terms, battered fish fillet production stood at $X in 2023 estimated in export price. The total production indicated a temperate increase 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 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Battered Fish Fillet Exports

Exports in ASEAN

In 2023, after three years of growth, there was significant decline in overseas shipments of fish fillets in batter or breadcrumbs, when their volume decreased by X% to X tons. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then reduced remarkably in the following year.

In value terms, battered fish fillet exports dropped to $X in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) and Thailand (X tons) were the major exporters of fish fillets in batter or breadcrumbs in 2023, amounting to approx. X% and X% of total exports, respectively. It was distantly followed by Malaysia (X tons), generating a X% share of total exports. The Philippines (X tons) and Indonesia (X tons) held a minor share of total exports.

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

In value terms, the largest battered fish fillet supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Malaysia ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 ASEAN amounted to $X per ton, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a somewhat lower figure.

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 ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Battered Fish Fillet Imports

Imports in ASEAN

In 2023, imports of fish fillets in batter or breadcrumbs in ASEAN contracted notably to X tons, dropping by X% compared with the previous year's figure. In general, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, battered fish fillet imports reduced dramatically to $X in 2023. Overall, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Cambodia represented the largest importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Singapore (X tons), Malaysia (X tons), Thailand (X tons), Vietnam (X tons), Lao People's Democratic Republic (X tons) and Indonesia (X tons), together creating a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to battered fish fillet imports into Cambodia stood at X%. At the same time, Lao People's Democratic Republic (X%), Indonesia (X%), Thailand (X%), Singapore (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. Malaysia experienced a relatively flat trend pattern. From 2012 to 2023, the share of Cambodia, Thailand, Lao People's Democratic Republic and Indonesia increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cambodia ($X) constitutes the largest market for imported fish fillets in batter or breadcrumbs in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cambodia stood at X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, increasing by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the import prices failed to regain momentum.

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

Source: IndexBox Platform