Asia-Pacific: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Asia-Pacific

The Asia-Pacific dried or smoked fish market reached $X in 2023, surging by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Dried Or Smoked Fish in Asia-Pacific

In value terms, dried or smoked fish production expanded slightly to $X in 2023 estimated in export price. Overall, production, however, 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. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports in Asia-Pacific

In 2023, dried or smoked fish exports in Asia-Pacific shrank notably to X tons, waning by X% compared with the previous year's figure. Overall, exports saw a noticeable reduction. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, dried or smoked fish exports expanded significantly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Exports by Country

Vietnam (X tons) and China (X tons) represented roughly X% of total exports in 2023. Thailand (X tons) took the next position in the ranking, followed by India (X tons), Indonesia (X tons) and Myanmar (X tons). All these countries together held approx. X% share of total exports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest dried or smoked fish supplying countries in Asia-Pacific were China ($X), Hong Kong SAR ($X) and Vietnam ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2023, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Export price indicated strong growth from 2012 to 2023: its price 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, dried or smoked fish export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Imports of Dried Or Smoked Fish

Imports in Asia-Pacific

In 2023, approx. X tons of dried or smoked fish were imported in Asia-Pacific; standing approx. at the previous year. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, dried or smoked fish imports reached $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2023, China (X tons) was the major importer of dried or smoked fish, achieving X% of total imports. Sri Lanka (X tons) ranks second in terms of the total imports with a X% share, followed by Malaysia (X%), South Korea (X%) and Japan (X%). The following importers - Hong Kong SAR (X tons), Bangladesh (X tons), Australia (X tons), Thailand (X tons) and Singapore (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the dried or smoked fish imports, with a CAGR of X% from 2012 to 2023. At the same time, Bangladesh (X%) displayed positive paces of growth. Australia experienced a relatively flat trend pattern. By contrast, Thailand (X%), Malaysia (X%), Sri Lanka (X%), Hong Kong SAR (X%), Japan (X%), Singapore (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Singapore (X p.p.), Hong Kong SAR (X p.p.), Malaysia (X p.p.), Japan (X p.p.), Sri Lanka (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dried or smoked fish importing markets in Asia-Pacific were Hong Kong SAR ($X), China ($X) and Japan ($X), together comprising X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to 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 2023, the import price in Asia-Pacific amounted to $X per ton, jumping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform