Asia-Pacific: Frozen Catfish Market 2022

Frozen Catfish Market Size in Asia-Pacific

The Asia-Pacific frozen catfish market expanded rapidly to $X in 2020, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Frozen Catfish Production in Asia-Pacific

In value terms, frozen catfish production declined slightly to $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2018 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Asia-Pacific

The country with the largest volume of frozen catfish production was Vietnam (X tons), accounting for X% of total volume. Moreover, frozen catfish production in Vietnam exceeded the figures recorded by the second-largest producer, China (X tons), more than tenfold. The third position in this ranking was occupied by Thailand (X tons), with a X% share.

In Vietnam, frozen catfish production expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: China (+X% per year) and Thailand (+X% per year).

Frozen Catfish Exports

Exports in Asia-Pacific

In 2020, approx. X tons of frozen catfish were exported in Asia-Pacific; waning by -X% against 2019 figures. Total exports indicated a measured expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2016 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, frozen catfish exports surged to $X in 2020. Over the period under review, exports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, exports reached the peak figure at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Vietnam prevails in frozen catfish exports structure, accounting for X tons, which was approx. X% of total exports in 2020. Indonesia (X tons) occupied the second position in the ranking, followed by China (X tons). All these countries together took near X% share of total exports. The following exporters - Thailand (X tons), Malaysia (X tons) and Pakistan (X tons) - each resulted at a X% share of total exports.

From 2007 to 2020, average annual rates of growth with regard to frozen catfish exports from Vietnam stood at +X%. At the same time, Malaysia (+X%), Indonesia (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2020. China experienced a relatively flat trend pattern. By contrast, Thailand (-X%) illustrated a downward trend over the same period. While the share of Indonesia (+X p.p.), Vietnam (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of China (-X p.p.) and Thailand (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest frozen catfish supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Vietnam, frozen catfish exports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: China (+X% per year) and Indonesia (+X% per year).

Export Prices by Country

In 2020, the frozen catfish export price in Asia-Pacific amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

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

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

Frozen Catfish Imports

Imports in Asia-Pacific

In 2020, after four years of growth, there was significant decline in overseas purchases of frozen catfish, when their volume decreased by -X% to X tons. In general, imports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. The volume of import peaked at X tons in 2019, and then contracted in the following year.

In value terms, frozen catfish imports contracted modestly to $X in 2020. Overall, imports, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then fell in the following year.

Imports by Country

The countries with the highest levels of frozen catfish imports in 2020 were Malaysia (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons), together finishing at X% of total import. Singapore (X tons) occupied the next position in the ranking, followed by Australia (X tons). All these countries together occupied near X% share of total imports. Brunei Darussalam (X tons), Thailand (X tons), Bangladesh (X tons), Japan (X tons) and Hong Kong SAR (X tons) occupied a minor share of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen catfish importing markets in Asia-Pacific were South Korea ($X), Malaysia ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. These countries were followed by Australia, Singapore, Japan, Brunei Darussalam, Hong Kong SAR, Thailand and Bangladesh, which together accounted for a further X Darussalam saw the highest rates of growth with regard to the value of imports, in terms of 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 2020, the frozen catfish import price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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