Asia: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Asia

The Asian preserved anchovies market amounted to $X in 2022, remaining relatively unchanged against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Preserved Anchovies Production in Asia

In value terms, preserved anchovies production rose slightly to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Preserved Anchovies Exports

Exports in Asia

In 2022, shipments abroad of anchovies (prepared or preserved) increased by X% to X tons, rising for the second year in a row after six years of decline. Over the period under review, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved anchovies exports soared to $X in 2022. In general, exports recorded buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) was the key exporter of anchovies (prepared or preserved), making up X% of total exports. Turkey (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%), Vietnam (X%), Thailand (X%) and China (X%). Indonesia (X tons) and South Korea (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the anchovies (prepared or preserved) exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Japan (X%), Turkey (X%) and South Korea (X%) displayed positive paces of growth. Thailand experienced a relatively flat trend pattern. By contrast, Indonesia (X%) and China (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Vietnam (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, Thailand, Turkey and China saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved anchovies supplying countries in Asia were Japan ($X), Vietnam ($X) and the United Arab Emirates ($X), together comprising X% of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2021, and then declined dramatically in the following year.

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 Japan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Preserved Anchovies Imports

Imports in Asia

In 2022, overseas purchases of anchovies (prepared or preserved) increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, preserved anchovies imports soared to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) represented the main importer of anchovies (prepared or preserved), generating X% of total imports. Taiwan (Chinese) (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%) and the United Arab Emirates (X%). Israel (X tons), Singapore (X tons), China (X tons), South Korea (X tons) and Kuwait (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Israel, China, the United Arab Emirates, South Korea, Singapore and Kuwait lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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