Asia-Pacific: Preserved Herring Market 2024

Preserved Herring Market Size in Asia-Pacific

The Asia-Pacific preserved herring market reduced slightly to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Preserved Herring Production in Asia-Pacific

In value terms, preserved herring production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Preserved Herring Exports

Exports in Asia-Pacific

In 2022, approx. X tons of herrings (prepared or preserved) were exported in Asia-Pacific; jumping by X% compared with the previous year's figure. Overall, exports, however, continue to indicate a slight descent. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved herring exports surged to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) and China (X tons) dominates exports structure, together achieving X% of total exports. It was distantly followed by Japan (X tons), making up a X% share of total exports. Thailand (X tons), the Philippines (X tons) and Myanmar (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest preserved herring supplying countries in Asia-Pacific were China ($X), Vietnam ($X) and Japan ($X), with a combined X% share of total exports. Thailand, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Myanmar, with a CAGR of X%, recorded 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-Pacific stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Myanmar ($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 Asia-Pacific

In 2022, overseas purchases of herrings (prepared or preserved) increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, recorded a pronounced slump. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preserved herring imports surged to $X in 2022. Over the period under review, imports, however, showed a perceptible downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan was the main importer of herrings (prepared or preserved) in Asia-Pacific, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Australia (X tons) and Vietnam (X tons), together making up a X% share of total imports. The following importers - Singapore (X tons) and Taiwan (Chinese) (X tons) - each recorded a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported herrings (prepared or preserved) in Asia-Pacific, comprising X% of total imports. The second position in the ranking was taken by Australia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In Japan, preserved herring imports decreased by 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: Australia (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, rising 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 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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 Taiwan (Chinese) ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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