South-Eastern Asia: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in South-Eastern Asia

In 2020, the Southeast Asian frozen salmonoids market decreased by -X% to $X, falling for the second year in a row after five years of growth. Overall, consumption, however, continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Frozen Salmonoids Production in South-Eastern Asia

In value terms, frozen salmonoids production soared to $X in 2020 estimated in export prices. In general, production showed a remarkable increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Production By Country in South-Eastern Asia

The countries with the highest volumes of frozen salmonoids production in 2020 were Thailand (X tons), Myanmar (X tons) and the Philippines (X tons), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in the Philippines (+X% per year), while frozen salmonoids production for the other leaders experienced more modest paces of growth.

Frozen Salmonoids Exports

Exports in South-Eastern Asia

In 2020, frozen salmonoids exports in South-Eastern Asia fell slightly to X tons, waning by -X% on the previous year. Total exports indicated a notable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2019 when exports increased by X% year-to-year. Over the period under review, exports hit record highs at X tons in 2009; however, from 2010 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen salmonoids exports shrank to $X in 2020. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. The level of export peaked at $X in 2019, and then dropped in the following year.

Exports by Country

In 2020, the Philippines (X tons) represented the major exporter of frozen salmonoids in South-Eastern Asia, constituting X% of total export.

The Philippines was also the fastest-growing in terms of the frozen salmonoids exports, with a CAGR of +X% from 2007 to 2020. While the share of the Philippines (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) also remains the largest frozen salmonoids supplier in South-Eastern Asia.

In the Philippines, frozen salmonoids exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

In 2020, the frozen salmonoids export price in South-Eastern Asia amounted to $X per ton, waning by -X% against the previous year. Over the period under review, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. The level of export peaked at $X per ton in 2019, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2007 to 2020, the rate of growth in terms of prices for the Philippines amounted to -X% per year.

Frozen Salmonoids Imports

Imports in South-Eastern Asia

After three years of growth, overseas purchases of frozen salmonoids decreased by -X% to X tons in 2020. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019, and then reduced rapidly in the following year.

In value terms, frozen salmonoids imports fell significantly to $X in 2020. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2012 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Vietnam dominates frozen salmonoids imports structure, resulting at X tons, which was approx. X% of total imports in 2020. Indonesia (X tons), Singapore (X tons), Brunei Darussalam (X tons), the Philippines (X tons), Malaysia (X tons) and Myanmar (X tons) took a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen salmonoids imports into Vietnam stood at +X%. At the same time, Myanmar (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. Singapore experienced a relatively flat trend pattern. By contrast, Brunei Darussalam (-X%), the Philippines (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. While the share of Vietnam (+X p.p.), Indonesia (+X p.p.), Singapore (+X p.p.), Brunei Darussalam (+X p.p.), Myanmar (+X p.p.) and the Philippines (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported frozen salmonoids in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Singapore ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

In Vietnam, frozen salmonoids imports expanded at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+X% per year) and Myanmar (+X% per year).

Import Prices by Country

In 2020, the frozen salmonoids import price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, import prices attained the maximum at $X per ton in 2011; however, from 2012 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 Myanmar ($X per ton), while Indonesia ($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 more modest paces of growth.

Source: IndexBox Platform

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