Asia-Pacific: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Asia-Pacific

The Asia-Pacific market for herring, salted or in brine stood at $X in 2022, picking up by 1.6% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.5% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Herring, Salted Or In Brine in Asia-Pacific

In value terms, herring, salted or in brine production rose modestly to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 20%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Herring, Salted Or In Brine

Exports in Asia-Pacific

After three years of growth, shipments abroad of herring, salted or in brine decreased by -75.7% to X tons in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 282% against the previous year. The volume of export peaked at X tons in 2021, and then reduced dramatically in the following year.

In value terms, herring, salted or in brine exports reduced sharply to $X in 2022. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2016 with an increase of 237% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam dominates exports structure, reaching X tons, which was near 91% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), mixing up a 6% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to herring, salted or in brine exports from Vietnam stood at +20.9%. At the same time, Sri Lanka (+21.0%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +21.0% from 2012-2022. By contrast, Bangladesh (-55.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Sri Lanka and Bangladesh increased by +87, +5.7 and +1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest herring, salted or in brine supplier in Asia-Pacific, comprising 90% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to +25.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (+12.6% per year) and Bangladesh (+22.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by 79% against the previous year. In general, the export price, however, showed a slight downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+175.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Herring, Salted Or In Brine

Imports in Asia-Pacific

In 2022, purchases abroad of herring, salted or in brine decreased by -26.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2016 when imports increased by 108% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, herring, salted or in brine imports expanded modestly to $X in 2022. In general, imports continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2019 when imports increased by 92% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) and Australia (X tons) were the major importers of herring, salted or in brine in Asia-Pacific, together comprising 70% of total imports. It was distantly followed by Hong Kong SAR (X tons), making up a 17% share of total imports. Singapore (X kg), Taiwan (Chinese) (X kg) and Malaysia (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Hong Kong SAR ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 82% of total imports.

In terms of the main importing countries, Australia, with a CAGR of +31.2%, saw the highest rates of growth with regard to 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-Pacific amounted to $X per ton, jumping by 39% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 an increase of 72%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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