South-Eastern Asia: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in South-Eastern Asia

The Southeast Asian fish meals and pellet market shrank to $X in 2022, declining by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish in South-Eastern Asia

In value terms, fish meals and pellet production fell modestly to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Exports of Flours, Meals And Pellets Of Fish

Exports in South-Eastern Asia

Fish meals and pellet exports shrank dramatically to X tons in 2022, dropping by X% compared with the previous year's figure. In general, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, fish meals and pellet exports rose rapidly to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons) and Indonesia (X tons) prevails in exports structure, together making up X% of total exports. It was distantly followed by Myanmar (X tons) and Thailand (X tons), together creating an X% share of total exports. The following exporters - Malaysia (X tons) and the Philippines (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

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

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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 Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Imports of Flours, Meals And Pellets Of Fish

Imports in South-Eastern Asia

In 2022, approx. X tons of flours, meals and pellets of fish were imported in South-Eastern Asia; reducing by X% against the previous year's figure. Overall, imports recorded a abrupt decline. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, fish meals and pellet imports reduced remarkably to $X in 2022. Total imports indicated a slight increase 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 decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Malaysia was the major importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Vietnam (X tons) and Brunei Darussalam (X tons), together making up a X% share of total imports. The following importers - Lao People's Democratic Republic (X tons) and Singapore (X tons) - each recorded a X% share of total imports.

Malaysia experienced a relatively flat trend pattern with regard to volume of imports of flours, meals and pellets of fish. At the same time, Vietnam (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Lao People's Democratic Republic experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. Malaysia (X p.p.), Vietnam (X p.p.), Brunei Darussalam (X p.p.) and Lao People's Democratic Republic (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

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

In Malaysia, fish meals and pellet 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: Vietnam (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, picking up by X% against the previous year. Overall, the import price showed a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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