Asia: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Asia

The Asian dried or smoked fish market rose modestly to $X in 2023, with an increase of X% against the previous year. Overall, consumption continues to indicate a mild increase. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in Asia

In value terms, dried or smoked fish production rose to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Dried Or Smoked Fish

Exports in Asia

In 2023, exports of dried or smoked fish in Asia dropped sharply to X tons, shrinking by X% against the previous year's figure. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, dried or smoked fish exports expanded rapidly to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Vietnam (X tons) and China (X tons) represented the key exporters of dried or smoked fish in Asia, together amounting to approx. X% of total exports. Thailand (X tons) held the next position in the ranking, followed by India (X tons) and Indonesia (X tons). All these countries together held near X% share of total exports. Myanmar (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), Turkey (X tons) and Malaysia (X tons) followed a long way behind the leaders.

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 dried or smoked fish supplying countries in Asia were China ($X), Hong Kong SAR ($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%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, surging by X% against the previous year. Export price indicated a resilient expansion 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, dried or smoked fish export price increased by X% against 2012 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Hong Kong SAR ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Imports of Dried Or Smoked Fish

Imports in Asia

Dried or smoked fish imports dropped modestly to X tons in 2023, waning by X% on 2022 figures. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, dried or smoked fish imports rose notably to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Imports by Country

In 2023, China (X tons) was the major importer of dried or smoked fish, making up X% of total imports. Sri Lanka (X tons) took the second position in the ranking, followed by Malaysia (X tons), South Korea (X tons) and Japan (X tons). All these countries together took near X% share of total imports. Hong Kong SAR (X tons), Bangladesh (X tons), Thailand (X tons) and Singapore (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the dried or smoked fish imports, with a CAGR of X% from 2012 to 2023. At the same time, Bangladesh (X%) displayed positive paces of growth. By contrast, Thailand (X%), Malaysia (X%), Sri Lanka (X%), Hong Kong SAR (X%), Japan (X%), Singapore (X%) and South Korea (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Singapore (X p.p.), Hong Kong SAR (X p.p.), Malaysia (X p.p.), Japan (X p.p.), Sri Lanka (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dried or smoked fish importing markets in Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

The import price in Asia stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Bangladesh ($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