HS Code:
The category 'Sauces derived or prepared from fish' (HS Code: 2103.90.10) includes products such as fish sauce, a popular condiment in Southeast Asian cuisine, and other sauces made from fish extracts or fermented fish. These products are used to enhance flavor in a variety of dishes and are often rich in umami. The global trade of fish-derived sauces is influenced by cultural culinary preferences, production capabilities in fish-abundant regions, and export regulations related to food safety and quality standards.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 650 million
54.2% of total trade of total trade
Increasing
USD 300 million
25.0% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Stable
USD 50 million
4.2% of total trade of total trade
Increasing
Average Rate
6.5%
Highest Rate
15% (applied by certain Middle Eastern countries)
Lowest Rate
0% (under free trade agreements like ASEAN)
Growing demand for authentic Asian cuisine
Increased exports of fish sauce to Western markets as consumers seek authentic flavors in home cooking and restaurants.
2020-2022
Sustainability and ethical sourcing concerns
Consumers and importers are prioritizing sustainably sourced fish products, pressuring producers to adopt eco-friendly practices.
2021-2023
Rise of premium and organic fish sauce products
Shift towards higher-priced, artisanal, and organic fish sauces in niche markets, particularly in North America and Europe.
2019-2022
Thailand introduced new quality and sustainability certifications for fish sauce exports to meet stringent EU and US market requirements.
March 2023
Expected to boost Thailand's market share in Western countries by ensuring compliance with food safety standards.
A new trade agreement reduced tariffs on Vietnamese fish sauce exports to the US, enhancing market access.
January 2023
Likely to increase Vietnam's export volume to the US by 10-15% over the next two years.
Certain batches of fish sauce from the Philippines were temporarily banned in Australia due to non-compliance with sanitary standards.
July 2022
Short-term decline in export volume; producers are working to meet compliance requirements to regain market access.