South-Eastern Asia: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in South-Eastern Asia

In 2020, the Southeast Asian frozen catfish fillets market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market remained at a lower figure.

Frozen Catfish Fillets Production in South-Eastern Asia

In value terms, frozen catfish fillets production surged to $X in 2020 estimated in export prices. The total production indicated a remarkable increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by X% year-to-year. The level of production peaked in 2020 and is likely to continue growth in years to come.

Production By Country in South-Eastern Asia

Vietnam (X tons) remains the largest frozen catfish fillets producing country in South-Eastern Asia, comprising approx. X% of total volume. Moreover, frozen catfish fillets production in Vietnam exceeded the figures recorded by the second-largest producer, Indonesia (X tons), sevenfold. The third position in this ranking was occupied by Myanmar (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Vietnam stood at -X%. The remaining producing countries recorded the following average annual rates of production growth: Indonesia (+X% per year) and Myanmar (-X% per year).

Frozen Catfish Fillets Exports

Exports in South-Eastern Asia

In 2020, exports of frozen catfish fillets in South-Eastern Asia reduced rapidly to X tons, waning by -X% against 2019. In general, exports showed a slight curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

In value terms, frozen catfish fillets exports reduced notably to $X in 2020. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Vietnam prevails in frozen catfish fillets exports structure, amounting to X tons, which was near X% of total exports in 2020. Malaysia (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to frozen catfish fillets exports from Vietnam stood at -X%. At the same time, Malaysia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. Malaysia (+X p.p.) significantly strengthened its position in terms of the total exports, while Vietnam saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, Vietnam ($X) remains the largest frozen catfish fillets supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value in Vietnam amounted to -X%.

Export Prices by Country

The frozen catfish fillets export price in South-Eastern Asia stood at $X per ton in 2020, growing by X% against the previous year. In general, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2018 an increase of X% y-o-y. The level of export peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per ton), while Malaysia totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam.

Frozen Catfish Fillets Imports

Imports in South-Eastern Asia

In 2020, purchases abroad of frozen catfish fillets decreased by -X% to X tons, falling for the second consecutive year after twelve years of growth. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of X tons. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, frozen catfish fillets imports shrank dramatically to $X in 2020. Over the period under review, imports, however, continue to indicate tangible growth. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, imports reached the peak of $X. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Thailand was the major importing country with an import of about X tons, which accounted for X% of total imports. The Philippines (X tons) held the second position in the ranking, distantly followed by Singapore (X tons) and Malaysia (X tons). All these countries together occupied approx. X% share of total imports.

From 2007 to 2020, the biggest increases were in Thailand, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Philippines ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2020, together accounting for X% of total imports.

Thailand saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The frozen catfish fillets import price in South-Eastern Asia stood at $X per ton in 2020, with a decrease of -X% against the previous year. In general, the import price recorded a slight decline. The most prominent rate of growth was recorded in 2019 when the import price increased by X% y-o-y. Over the period under review, import prices reached the maximum at $X per ton in 2010; however, from 2011 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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