South-Eastern Asia: Smoked Salmon Market 2024

Smoked Salmon Market Size in South-Eastern Asia

The Southeast Asian smoked salmon market declined slightly to $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Smoked Salmon Production in South-Eastern Asia

In value terms, smoked salmon production dropped slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Smoked Salmon Exports

Exports in South-Eastern Asia

Smoked salmon exports dropped modestly to X tons in 2022, therefore, remained relatively stable against 2021 figures. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, smoked salmon exports skyrocketed to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Malaysia (X tons), distantly followed by Singapore (X tons), Vietnam (X tons) and Thailand (X tons) represented the key exporters of smoked pacific, atlantic and danube salmon, together creating X% of total exports. The following exporters - Myanmar (X tons) and Indonesia (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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, picking up by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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

Smoked Salmon Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of smoked pacific, atlantic and danube salmon was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, smoked salmon imports soared to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Singapore dominates imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Malaysia (X tons), creating a X% share of total imports. The following importers - the Philippines (X tons), Brunei Darussalam (X tons), Indonesia (X tons) and Thailand (X tons) - together made up X% of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of smoked pacific, atlantic and danube salmon. At the same time, Brunei Darussalam (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Brunei Darussalam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. Singapore (X p.p.), Malaysia (X p.p.), Brunei Darussalam (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported smoked pacific, atlantic and danube salmon in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Singapore, smoked salmon imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Thailand (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Brunei Darussalam ($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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