ASEAN: Preserved Herring Market 2024

Preserved Herring Market Size in ASEAN

The ASEAN preserved herring market expanded modestly to $X in 2022, increasing by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Preserved Herring Production in ASEAN

In value terms, preserved herring production reached $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Preserved Herring Exports

Exports in ASEAN

In 2022, exports of herrings (prepared or preserved) in ASEAN surged to X tons, picking up by X% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved herring exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Thailand (X tons), making up a X% share of total exports. The following exporters - the Philippines (X tons) and Myanmar (X tons) - each resulted at a X% share of total exports.

Exports from Vietnam decreased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Myanmar and the Philippines increased by X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest preserved herring supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

In Vietnam, preserved herring exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and the Philippines (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, surging by 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 2017 an increase of X%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

Preserved Herring Imports

Imports in ASEAN

In 2022, purchases abroad of herrings (prepared or preserved) increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved herring imports surged to $X in 2022. In general, imports enjoyed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Vietnam (X tons) represented the main importer of herrings (prepared or preserved), constituting X% of total imports. Singapore (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%) and the Philippines (X%). The following importers - Malaysia (X tons) and Cambodia (X tons) - each finished at a X% share of total imports.

Vietnam was also the fastest-growing in terms of the herrings (prepared or preserved) imports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%), the Philippines (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Cambodia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.), Malaysia (X p.p.), Cambodia (X p.p.) and Thailand (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) constitutes the largest market for imported herrings (prepared or preserved) in ASEAN, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Vietnam, preserved herring imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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