Asia: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Asia

The Asian preserved fish fillet market amounted to $X in 2023, leveling off at the previous year. The total consumption indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. Over the period under review, the market attained the peak level in 2023 and is expected to retain growth in the immediate term.

Preserved Fish Fillet Production in Asia

In value terms, preserved fish fillet production fell slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2022, and then declined slightly in the following year.

Preserved Fish Fillet Exports

Exports in Asia

In 2023, the amount of fish fillets (dried, salted or in brine, but not smoked) exported in Asia declined sharply to X tons, waning by X% against the previous year. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, preserved fish fillet exports declined remarkably to $X in 2023. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, recording X tons, which was near X% of total exports in 2023. Indonesia (X tons), Kazakhstan (X tons) and Oman (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kazakhstan (X%), Indonesia (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. Indonesia (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest preserved fish fillet supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In China, preserved fish fillet exports shrank by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the export prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports in Asia

In 2023, approx. X tons of fish fillets (dried, salted or in brine, but not smoked) were imported in Asia; falling by X% on the previous year. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, preserved fish fillet imports declined to $X in 2023. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China (X tons) and Sri Lanka (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Japan (X tons), South Korea (X tons), Malaysia (X tons), Kazakhstan (X tons), Indonesia (X tons), Bhutan (X tons) and Taiwan (Chinese) (X tons), together generating a X% share of total imports. The following importers - Nepal (X tons), Lao People's Democratic Republic (X tons) and Saudi Arabia (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and Kazakhstan ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Sri Lanka, China, Malaysia, Taiwan (Chinese), Bhutan, Indonesia, Nepal, Saudi Arabia and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Lao People's Democratic Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2023, the import price in Asia amounted to $X per ton, reducing by X% against the previous year. In general, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bhutan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform