Asia: Preserved Herring Market 2024

Preserved Herring Market Size in Asia

The Asian preserved herring market shrank modestly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Preserved Herring Production in Asia

In value terms, preserved herring production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Preserved Herring Exports

Exports in Asia

Preserved herring exports skyrocketed to X tons in 2022, picking up by X% compared with the previous year. In general, exports, however, recorded a slight descent. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved herring exports skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. 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

Vietnam (X tons) and China (X tons) dominates exports structure, together committing X% of total exports. It was distantly followed by Japan (X tons), achieving a X% share of total exports. Thailand (X tons), the Philippines (X tons) and Myanmar (X tons) held a little share of total exports.

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

In value terms, the largest preserved herring supplying countries in Asia were China ($X), Vietnam ($X) and Japan ($X), together accounting for X% of total exports. Thailand, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Myanmar, with a CAGR of X%, saw 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 2022, the export price in Asia amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Myanmar ($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 Herring Imports

Imports in Asia

For the fourth consecutive year, Asia recorded growth in purchases abroad of herrings (prepared or preserved), which increased by X% to X tons in 2022. Total imports indicated a temperate increase 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 2018 indices. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, preserved herring imports skyrocketed to $X in 2022. Total imports 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, imports increased by X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kazakhstan (X tons) and Japan (X tons) were the major importers of herrings (prepared or preserved) in 2022, recording near X% and X% of total imports, respectively. Israel (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (X%) and Vietnam (X%). Azerbaijan (X tons), Georgia (X tons), Kyrgyzstan (X tons), the United Arab Emirates (X tons) and Turkmenistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved herring importing markets in Asia were Japan ($X), Kazakhstan ($X) and Israel ($X), with a combined X% share of total imports. Vietnam, Uzbekistan, Azerbaijan, Georgia, Turkmenistan, Kyrgyzstan and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Uzbekistan, 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

In 2022, the import price in Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Japan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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