Asia-Pacific: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in Asia-Pacific

The Asia-Pacific fresh or chilled anchovies market reduced slightly to $X in 2022, approximately reflecting the previous year. Overall, consumption, however, recorded a strong expansion. As a result, consumption reached the peak level of $X, leveling off in the following year.

Production of Fresh Or Chilled Anchovies in Asia-Pacific

In value terms, fresh or chilled anchovies production fell modestly to $X in 2022 estimated in export price. In general, production showed a perceptible decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Fresh Or Chilled Anchovies

Exports in Asia-Pacific

In 2022, overseas shipments of fresh or chilled anchovieses were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports continue to indicate a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports surged to $X in 2022. Over the period under review, exports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Myanmar was the largest exporting country with an export of around X tons, which amounted to X% of total exports. India (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%).

Myanmar was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) and Vietnam (X%) displayed positive paces of growth. While the share of Myanmar (X p.p.), India (X p.p.) and Vietnam (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X), India ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

India, with a CAGR of X%, saw the highest growth rate of 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

The export price in Asia-Pacific stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports in Asia-Pacific

In 2022, the amount of fresh or chilled anchovieses imported in Asia-Pacific surged to X tons, jumping by X% on the year before. Overall, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fresh or chilled anchovies imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Singapore represented the key importer of fresh or chilled anchovieses in Asia-Pacific, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. New Zealand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nepal (X%) and Bangladesh (X%). Guam (X tons), the Philippines (X tons) and Australia (X tons) followed a long way behind the leaders.

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

In value terms, Singapore ($X) constitutes the largest market for imported fresh or chilled anchovieses in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with an X% share of total imports. It was followed by Nepal, with a X% share.

In Singapore, fresh or chilled anchovies imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price saw strong growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, 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

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