Eastern Asia: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in Eastern Asia

The East Asian fresh or chilled anchovies market rose modestly to $X in 2023, picking up by X% against the previous year. Overall, consumption, however, showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in Eastern Asia

In value terms, fresh or chilled anchovies production totaled $X in 2023 estimated in export price. The total production indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in Eastern Asia

In 2023, approx. X tons of fresh or chilled anchovieses were exported in Eastern Asia; shrinking by X% on 2022. Over the period under review, exports saw a dramatic decrease. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports fell remarkably to $X in 2023. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

South Korea was the main exporting country with an export of about X kg, which amounted to X% of total exports. It was distantly followed by Japan (X kg), comprising a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of X%).

In value terms, South Korea ($X) remains the largest fresh or chilled anchovies supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports.

In South Korea, fresh or chilled anchovies exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined modestly in the following year.

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 South Korea ($X per ton), while Japan amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%).

Imports of Fresh Or Chilled Anchovies

Imports in Eastern Asia

After four years of growth, supplies from abroad of fresh or chilled anchovieses decreased by X% to X tons in 2023. Over the period under review, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X tons in 2022, and then fell in the following year.

In value terms, fresh or chilled anchovies imports soared to $X in 2023. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

South Korea dominates imports structure, recording X tons, which was approx. X% of total imports in 2023. Taiwan (Chinese) (X tons) and Japan (X tons) held a little share of total imports.

South Korea was also the fastest-growing in terms of the fresh or chilled anchovieses imports, with a CAGR of X% from 2012 to 2023. Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Taiwan (Chinese) (X p.p.) and Japan (X p.p.) displayed negative dynamics.

In value terms, South Korea ($X) constitutes the largest market for imported fresh or chilled anchovieses in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports.

In South Korea, fresh or chilled anchovies imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2023, 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform