South-Eastern Asia: Market for Cod, Salted or in Brine 2024

Market Size for Cod, Salted or in Brine in South-Eastern Asia

In 2022, the Southeast Asian market for cod, salted or in brine increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, continues to indicate a perceptible decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cod, Salted or in Brine in South-Eastern Asia

In value terms, cod, salted or in brine production totaled $X in 2022 estimated in export price. Overall, production, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Cod, Salted or in Brine

Exports in South-Eastern Asia

In 2022, overseas shipments of cod, salted or in brine decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cod, salted or in brine exports totaled $X in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2014 with an increase of X%. 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

Myanmar was the main exporter of cod, salted or in brine in South-Eastern Asia, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Singapore (X tons), creating a X% share of total exports.

Myanmar experienced a relatively flat trend pattern with regard to volume of exports of cod, salted or in brine. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2013-2022. While the share of Myanmar (X p.p.) and Singapore (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

From 2013 to 2022, the average annual rate of growth in terms of value in Singapore totaled X%.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

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 Singapore ($X per ton), while Myanmar totaled $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Imports of Cod, Salted or in Brine

Imports in South-Eastern Asia

In 2022, purchases abroad of cod, salted or in brine decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, cod, salted or in brine imports contracted dramatically to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam dominates imports structure, recording X tons, which was near X% of total imports in 2022. The following importers - the Philippines (X tons) and Singapore (X tons) - together made up X% of total imports.

Vietnam was also the fastest-growing in terms of the cod, salted or in brine imports, with a CAGR of X% from 2012 to 2022. The Philippines (X%) and Singapore (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total imports, while the Philippines saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) constitutes the largest market for imported cod, salted or in brine in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with a X% share of total imports.

In Vietnam, cod, salted or in brine imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Singapore (X% per year).

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. In general, the import price, however, showed a abrupt setback. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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