South-Eastern Asia: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in South-Eastern Asia

The Southeast Asian dried or salted fish market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a slight downturn. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Dried Or Salted Fish in South-Eastern Asia

In value terms, dried or salted fish production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight downturn. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Dried Or Salted Fish

Exports in South-Eastern Asia

In 2022, approx. X tons of dried or salted fish were exported in South-Eastern Asia; growing by X% against the year before. Overall, exports, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, dried or salted fish exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam was the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Thailand (X tons), Myanmar (X tons), Malaysia (X tons) and Indonesia (X tons), together constituting a X% share of total exports.

Vietnam was also the fastest-growing in terms of the dried or salted fish exports, with a CAGR of X% from 2012 to 2022. At the same time, Myanmar (X%) and Malaysia (X%) displayed positive paces of growth. By contrast, Thailand (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.), Myanmar (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Indonesia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest dried or salted fish supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price saw prominent growth. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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 Vietnam ($X per ton), while Thailand ($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 (X%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports in South-Eastern Asia

In 2022, overseas purchases of dried or salted fish decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated temperate growth 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 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of import peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, dried or salted fish imports dropped to $X in 2022. Total imports indicated mild growth 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 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Malaysia prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. Thailand (X tons) held the second position in the ranking, followed by Singapore (X tons). All these countries together held near X% share of total imports. Brunei Darussalam (X tons) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Brunei Darussalam increased by X and X percentage points, respectively.

In value terms, Malaysia ($X) constitutes the largest market for imported dried or salted fish in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by Brunei Darussalam, with a X% share.

In Malaysia, dried or salted fish imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

Source: IndexBox Platform

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