Asia: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in Asia

The Asian frozen salmonoids market was estimated at $X in 2020, with an increase of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. from 2012 to 2020, the growth of the market remained at a lower figure.

Frozen Salmonoids Production in Asia

In value terms, frozen salmonoids production expanded rapidly to $X in 2020 estimated in export prices. The total production indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% year-to-year. The level of production peaked in 2020 and is likely to see gradual growth in the immediate term.

Production By Country in Asia

The countries with the highest volumes of frozen salmonoids production in 2020 were India (X tons), Pakistan (X tons) and Thailand (X tons), together comprising X% of total production. These countries were followed by Myanmar, the Philippines and Bangladesh, which together accounted for a further X 2007 to 2020, the biggest increases were in the Philippines (+X% per year), while frozen salmonoids production for the other leaders experienced more modest paces of growth.

Frozen Salmonoids Exports

Exports in Asia

In 2020, frozen salmonoids exports in Asia reduced notably to X tons, dropping by -X% on the previous year's figure. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. The volume of export peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen salmonoids exports reduced dramatically to $X in 2020. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

The Philippines (X tons) and Pakistan (X tons) dominates frozen salmonoids exports structure, together creating X% of total exports. It was distantly followed by Bangladesh (X tons), creating a X% share of total exports. India (X tons), Taiwan (Chinese) (X tons), Japan (X tons) and China (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (+X% per year), while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, the Philippines ($X), Pakistan ($X) and Bangladesh ($X) were the countries with the highest levels of exports in 2020, together accounting for X% of total exports.

The Philippines (+X% per year) 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 mixed trends in the exports figures.

Export Prices by Country

In 2020, the frozen salmonoids export price in Asia amounted to $X per ton, jumping by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other leaders experienced more modest paces of growth.

Frozen Salmonoids Imports

Imports in Asia

In 2020, purchases abroad of frozen salmonoids decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, imports hit record highs at X tons in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, frozen salmonoids imports dropped remarkably to $X in 2020. Over the period under review, imports faced a abrupt contraction. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia was the key importer of frozen salmonoids in Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2020. Palestine (X tons) occupied the second position in the ranking, distantly followed by Vietnam (X tons). All these countries together took near X% share of total imports. Japan (X tons), China (X tons), Taiwan (Chinese) (X tons), Iran (X tons), Kyrgyzstan (X tons) and Maldives (X tons) occupied a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen salmonoids imports into Saudi Arabia stood at +X%. At the same time, Iran (+X%), Palestine (+X%), Kyrgyzstan (+X%), Maldives (+X%) and Vietnam (+X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Taiwan (Chinese) (-X%), China (-X%) and Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Saudi Arabia, Palestine, Vietnam, Iran, Kyrgyzstan and Taiwan (Chinese) increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while China (-X p.p.) and Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported frozen salmonoids in Asia, comprising X% of total imports. The second position in the ranking was occupied by Palestine ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Saudi Arabia amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Palestine (+X% per year) and Vietnam (+X% per year).

Import Prices by Country

In 2020, the frozen salmonoids import price in Asia amounted to $X per ton, waning by -X% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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