Asia: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in Asia

The Asian fresh or chilled anchovies market contracted rapidly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, recorded a drastic downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Fresh Or Chilled Anchovies in Asia

In value terms, fresh or chilled anchovies production fell to $X in 2022 estimated in export price. The total production indicated a slight 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in Asia

In 2022, overseas shipments of fresh or chilled anchovieses decreased by X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports, however, posted a moderate expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled anchovies exports surged to $X in 2022. Overall, exports, however, recorded a perceptible expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Myanmar (X tons) and Oman (X tons) were the largest exporters of fresh or chilled anchovieses in Asia, together mixing up X% of total exports. India (X tons) ranks next in terms of the total exports with a X% share, followed by the United Arab Emirates (X%), Georgia (X%) and Vietnam (X%). Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fresh or chilled anchovies supplying countries in Asia were Myanmar ($X), India ($X) and Vietnam ($X), with a combined X% share of total exports. The United Arab Emirates, Turkey, Oman and Georgia lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, saw 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, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 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 India ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Imports of Fresh Or Chilled Anchovies

Imports in Asia

Fresh or chilled anchovies imports surged to X tons in 2022, jumping by X% compared with the year before. Overall, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports rose slightly to $X in 2022. Over the period under review, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2022. Singapore (X tons) ranks next in terms of the total imports with a X% share, followed by Qatar (X%). The following importers - Nepal (X tons) and Kuwait (X tons) - together made up X% of total imports.

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

In value terms, the United Arab Emirates ($X), Singapore ($X) and Qatar ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Nepal, Turkey and Kuwait lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Nepal, with a CAGR of X%, saw 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

The import price in Asia stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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