South-Eastern Asia: Freshwater Fish Market 2024

Freshwater Fish Market Size in South-Eastern Asia

The Southeast Asian freshwater fish market rose sharply to $X in 2023, picking up by X% against the previous year. Overall, consumption continues to indicate a resilient expansion. Over the period under review, the market hit record highs in 2023 and is likely to continue growth in years to come.

Freshwater Fish Production in South-Eastern Asia

In value terms, freshwater fish production expanded markedly to $X in 2023 estimated in export price. The total production indicated a noticeable increase 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, production increased by X% against 2016 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. The level of production peaked in 2023 and is expected to retain growth in the immediate term.

Freshwater Fish Exports

Exports in South-Eastern Asia

Freshwater fish exports reduced rapidly to X tons in 2023, with a decrease of X% on the previous year's figure. Overall, exports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports failed to regain momentum.

In value terms, freshwater fish exports fell modestly to $X in 2023. In general, exports showed a mild descent. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Myanmar was the major exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by the Philippines (X tons), Vietnam (X tons), Indonesia (X tons), Thailand (X tons) and Malaysia (X tons), together creating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest freshwater fish supplying countries in South-Eastern Asia were the Philippines ($X), Myanmar ($X) and Indonesia ($X), with a combined X% share of total exports. Vietnam, Malaysia and Thailand lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of 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 2023, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Freshwater Fish Imports

Imports in South-Eastern Asia

In 2023, imports of freshwater fish in South-Eastern Asia dropped to X tons, reducing by X% compared with the previous year. In general, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, freshwater fish imports dropped to $X in 2023. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then declined in the following year.

Imports by Country

Vietnam was the largest importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Cambodia (X tons), Singapore (X tons), Malaysia (X tons) and Thailand (X tons), together making up a X% share of total imports. The following importers - Lao People's Democratic Republic (X tons) and Brunei Darussalam (X tons) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to freshwater fish imports into Vietnam stood at X%. At the same time, Cambodia (X%), Brunei Darussalam (X%), Lao People's Democratic Republic (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.), Cambodia (X p.p.), Lao People's Democratic Republic (X p.p.) and Brunei Darussalam (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Singapore and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Vietnam totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Cambodia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2023, remaining relatively unchanged against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, 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