South-Eastern Asia: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in South-Eastern Asia

The Southeast Asian fresh or chilled anchovies market reached $X in 2022, increasing by X% against the previous year. Overall, consumption, however, recorded strong growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Production of Fresh Or Chilled Anchovies in South-Eastern Asia

In value terms, fresh or chilled anchovies production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in South-Eastern Asia

In 2022, exports of fresh or chilled anchovieses in South-Eastern Asia skyrocketed to X tons, surging by X% against 2021. In general, exports enjoyed a prominent increase. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled anchovies exports skyrocketed to $X in 2022. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Myanmar (X tons) was the largest exporter of fresh or chilled anchovieses, constituting X% of total exports. It was distantly followed by Vietnam (X tons), creating a X% share of total exports.

Myanmar was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) displayed positive paces of growth. While the share of Myanmar (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Myanmar ($X) emerged as the largest fresh or chilled anchovies supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports.

In Myanmar, fresh or chilled anchovies exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Myanmar amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%).

Imports of Fresh Or Chilled Anchovies

Imports in South-Eastern Asia

In 2022, supplies from abroad of fresh or chilled anchovieses increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports surged to $X in 2022. Over the period under review, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Singapore prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. It was distantly followed by the Philippines (X tons), comprising a X% share of total imports.

Singapore was also the fastest-growing in terms of the fresh or chilled anchovieses imports, with a CAGR of X% from 2012 to 2022. The Philippines (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported fresh or chilled anchovieses in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total imports.

In Singapore, fresh or chilled anchovies imports increased at an average annual rate of X% over the period from 2012-2022.

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, however, continues to indicate a noticeable slump. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :