The analysis of the global export share for salted or in brine anchovies reveals that Vietnam stood dominant in 2023, capturing a significant share, while Argentina and Peru followed. Vietnam's share increased by 18.48%, continuing its growth trend, whereas Argentina and Peru experienced declines of 8.71% and 5.21% respectively. Indonesia saw a more significant decrease at 15.01%, while countries like the US and France also experienced slight declines. Conversely, Romania saw a notable boost, increasing their export share by 29.86%. Smaller players like South Korea and the United Kingdom experienced positive growth, contrasting with significant drops like Greece's 28.26% and Luxembourg’s 42.14% decline.
Analyzing future trends, Vietnam is likely to maintain its leading position given its rising growth rate, while the fluctuations in export shares of Argentina and Peru may indicate challenges that could persist. The positive growth in Romania and stability in countries like South Korea suggest a potential shift in market dynamics, with emerging markets likely to play a greater role in global exports. Watch for sustainability concerns and shifting consumer preferences impacting production and export strategies.
Top countries in Salted or In Brine Anchovies Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Vietnam | 52.09 | 2023 | +11.07% | +18.48% | View data |
| 2 | 2 Argentina | 27.9 | 2023 | +2.12% | -8.71% | View data |
| 3 | 3 Peru | 10.42 | 2023 | +4.58% | -5.21% | View data |
| 4 | 4 Indonesia | 7.7 | 2023 | -21.99% | -15.01% | View data |
| 5 | 5 United States | 3.03 | 2023 | +18.19% | -5.11% | View data |
| 6 | 6 France | 2.36 | 2023 | +28.12% | -5.24% | View data |
| 7 | 7 Romania | 1.23 | 2023 | +18.96% | +29.86% | View data |
| 8 | 8 South Korea | 1.12 | 2023 | +12.56% | +9.94% | View data |
| 9 | 9 Greece | 0.59 | 2023 | -60.92% | -28.26% | View data |
| 10 | 10 Bulgaria | 0.46 | 2021 | View data |
