South-Eastern Asia: Market for Fresh Or Chilled Salmonoids Fillets 2024

Market Size for Fresh Or Chilled Salmonoids Fillets in South-Eastern Asia

In 2023, after two years of growth, there was significant decline in the Southeast Asian market for fresh or chilled salmonoids fillets, when its value decreased by X% to $X. In general, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Salmonoids Fillets in South-Eastern Asia

In value terms, fresh or chilled salmonoids fillets production dropped remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in South-Eastern Asia

In 2023, the amount of fresh or chilled salmonoids fillets exported in South-Eastern Asia contracted to X tons, with a decrease of X% against 2022. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets exports shrank to $X in 2023. In general, exports showed a precipitous descent. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Indonesia (X tons) was the major exporter of fresh or chilled salmonoids fillets, achieving X% of total exports. It was distantly followed by Singapore (X tons), generating an X% share of total exports. Vietnam (X tons) took a minor share of total exports.

Exports from Indonesia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Singapore and Vietnam increased by X and X percentage points, respectively.

In value terms, the largest fresh or chilled salmonoids fillets supplying countries in South-Eastern Asia were Indonesia ($X), Singapore ($X) and Vietnam ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in South-Eastern Asia

In 2023, the amount of fresh or chilled salmonoids fillets imported in South-Eastern Asia amounted to X tons, growing by X% on 2022 figures. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets imports expanded to $X in 2023. Total imports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Singapore dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2023. Malaysia (X tons) ranks second in terms of the total imports with an X% share, followed by Vietnam (X%) and Brunei Darussalam (X%).

Singapore experienced a relatively flat trend pattern with regard to volume of imports of fresh or chilled salmonoids fillets. At the same time, Vietnam (X%), Malaysia (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. While the share of Vietnam (X p.p.) and Malaysia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported fresh or chilled salmonoids fillets in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with an X% share of total imports. It was followed by Brunei Darussalam, with a X% share.

In Singapore, fresh or chilled salmonoids fillets imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, waning by X% against the previous year. Import price indicated tangible growth from 2012 to 2023: its price 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, fresh or chilled salmonoids fillets import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then dropped slightly in the following year.

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

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

Source: IndexBox Platform