Asia: Frozen Catfish Fillets Market 2021

Frozen Catfish Fillets Market Size in Asia

The Asian frozen catfish fillets market reduced to $X in 2020, with a decrease of -X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2019, and then reduced in the following year.

Frozen Catfish Fillets Production in Asia

In value terms, frozen catfish fillets production stood at $X in 2020 estimated in export prices. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in Asia

Vietnam (X tons) constituted the country with the largest volume of frozen catfish fillets production, comprising approx. X% of total volume. Moreover, frozen catfish fillets production in Vietnam exceeded the figures recorded by the second-largest producer, India (X tons), threefold. China (X tons) ranked third in terms of total production with a X% share.

In Vietnam, frozen catfish fillets production declined by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: India (+X% per year) and China (-X% per year).

Frozen Catfish Fillets Exports

Exports in Asia

In 2020, the amount of frozen catfish fillets exported in Asia contracted notably to X tons, which is down by -X% on 2019. Overall, exports showed a slight curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% year-to-year. The volume of export peaked at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, frozen catfish fillets exports declined significantly to $X in 2020. In general, exports recorded a perceptible setback. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Vietnam dominates frozen catfish fillets exports structure, reaching X tons, which was near X% of total exports in 2020. Malaysia (X tons) held a little share of total exports.

From 2007 to 2020, average annual rates of growth with regard to frozen catfish fillets exports from Vietnam stood at -X%. At the same time, Malaysia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Malaysia increased by +X% percentage points, while Vietnam (-X p.p.) saw their share reduced.

In value terms, Vietnam ($X) remains the largest frozen catfish fillets supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in Vietnam stood at -X%.

Export Prices by Country

In 2020, the frozen catfish fillets export price in Asia amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2018 when the export price increased by X% year-to-year. Over the period under review, export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Vietnam ($X per ton), while Malaysia totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam.

Frozen Catfish Fillets Imports

Imports in Asia

In 2020, overseas purchases of frozen catfish fillets decreased by -X% to X tons for the first time since 2015, thus ending a four-year rising trend. Overall, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019, and then contracted in the following year.

In value terms, frozen catfish fillets imports dropped notably to $X in 2020. In general, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2019, and then fell sharply in the following year.

Imports by Country

China was the largest importer of frozen catfish fillets in Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2020. It was distantly followed by Thailand (X tons) and the Philippines (X tons), together comprising a X% share of total imports. The following importers - Singapore (X tons), the United Arab Emirates (X tons), Malaysia (X tons) and Japan (X tons) - together made up X% of total imports.

China was also the fastest-growing in terms of the frozen catfish fillets imports, with a CAGR of +X% from 2007 to 2020. At the same time, Thailand (+X%), Japan (+X%), the Philippines (+X%) and Malaysia (+X%) displayed positive paces of growth. By contrast, Singapore (-X%) and the United Arab Emirates (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China and Thailand increased by +X% and +X% percentage points, while Malaysia (-X p.p.), the United Arab Emirates (-X p.p.) and Singapore (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported frozen catfish fillets in Asia, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2007 to 2020, the average annual growth rate of value in China totaled +X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and the Philippines (+X% per year).

Import Prices by Country

In 2020, the frozen catfish fillets import price in Asia amounted to $X per ton, declining by -X% against the previous year. Overall, the import price saw a slight downturn. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. from 2019 to 2020, the growth in terms of the import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the United Arab Emirates ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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