South-Eastern Asia: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in South-Eastern Asia

In 2022, the Southeast Asian preserved anchovies market decreased by X% to $X, falling for the second year in a row after five years of growth. Over the period under review, consumption enjoyed a moderate increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Preserved Anchovies Production in South-Eastern Asia

In value terms, preserved anchovies production expanded slightly to $X in 2022 estimated in export price. In general, production showed a pronounced expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Preserved Anchovies Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of anchovies (prepared or preserved) increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved anchovies exports skyrocketed to $X in 2022. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%) and Malaysia (X%).

From 2012 to 2022, 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, Vietnam ($X) remains the largest preserved anchovies supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In Vietnam, preserved anchovies exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price 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, preserved anchovies export price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2014 when the export price increased by 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 Vietnam ($X per ton), while Indonesia ($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 mixed trends in the export price figures.

Preserved Anchovies Imports

Imports in South-Eastern Asia

Preserved anchovies imports shrank to X tons in 2022, which is down by X% against 2021 figures. Over the period under review, imports recorded a mild decline. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, preserved anchovies imports stood at $X in 2022. Total imports indicated a notable 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Thailand was the key importing country with an import of around X tons, which accounted for X% of total imports. Singapore (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%) and Malaysia (X%). The following importers - Brunei Darussalam (X tons), Indonesia (X tons) and Vietnam (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved anchovies imports into Thailand stood at X%. At the same time, Vietnam (X%), Brunei Darussalam (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Brunei Darussalam (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Malaysia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Indonesia, the Philippines, Vietnam and Brunei Darussalam lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 South-Eastern Asia 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 pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, 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

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