South-Eastern Asia: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in South-Eastern Asia

The Southeast Asian preserved fish fillet market rose slightly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Preserved Fish Fillet Production in South-Eastern Asia

In value terms, preserved fish fillet production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Preserved Fish Fillet Exports

Exports in South-Eastern Asia

In 2022, preserved fish fillet exports in South-Eastern Asia declined notably to X tons, with a decrease of X% against the year before. Overall, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved fish fillet exports contracted dramatically to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Indonesia represented the main exporter of fish fillets (dried, salted or in brine, but not smoked) in South-Eastern Asia, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Myanmar (X tons) ranks second in terms of the total exports with an X% share, followed by Vietnam (X%), Thailand (X%) and Malaysia (X%). The Philippines (X tons) held a minor share of total exports.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Thailand (X%), Malaysia (X%) and Vietnam (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, the Philippines (X%) illustrated a downward trend over the same period. Myanmar (X p.p.), Indonesia (X p.p.), the Philippines (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved fish fillet supplying countries in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and Myanmar ($X), with a combined X% share of total exports.

Indonesia, 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 2022, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 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 the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Preserved Fish Fillet Imports

Imports in South-Eastern Asia

Preserved fish fillet imports soared to X tons in 2022, with an increase of X% compared with the year before. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, preserved fish fillet imports reduced to $X in 2022. In general, imports saw a prominent increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Timor-Leste (X tons) and Malaysia (X tons) dominates imports structure, together creating X% of total imports. It was distantly followed by Lao People's Democratic Republic (X tons), mixing up a X% share of total imports. Singapore (X tons) and Vietnam (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Timor-Leste (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Timor-Leste ($X) and Lao People's Democratic Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Singapore and Vietnam lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of 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

The import price in South-Eastern Asia stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Timor-Leste ($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 a decline in the import price figures.

Source: IndexBox Platform

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