China - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChina's Export of Preserved Sardines Declines by 5%, Reaching $205M in 2024
China Preserved Sardines Exports
After five years of growth, overseas shipments of sardines (prepared or preserved) decreased by -4% to 96K tons in 2024. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 83%. Over the period under review, the exports reached the peak figure at 100K tons in 2023, and then declined slightly in the following year.
In value terms, preserved sardines exports contracted to $205M (IndexBox estimates) in 2024. In general, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. Over the period under review, the exports hit record highs at $215M in 2023, and then dropped slightly in the following year.
| COUNTRY | Export Value of Preserved Sardines in China (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| Ghana | 1.6 | 0.9 | 0.3 | 0.2 | 0.8 | 6.9 | 30.4 | 47.0 | 43.8 | 39.9 | 33.7 |
| South Africa | 6.8 | 5.0 | 8.4 | 13.0 | 16.8 | 16.8 | 13.5 | 16.4 | 24.9 | 25.6 | 20.3 |
| Dominican Republic | 1.9 | 1.7 | 3.4 | 1.9 | 2.0 | 10.1 | 25.5 | 26.8 | 8.0 | 16.7 | 20.0 |
| Malaysia | 4.0 | 3.2 | 2.1 | 6.7 | 2.0 | 4.7 | 19.3 | 24.5 | 17.2 | 17.3 | 17.3 |
| Iraq | 1.0 | N/A | N/A | N/A | N/A | 0.4 | 2.2 | 3.6 | 6.5 | 5.5 | 9.3 |
| Nigeria | 0.5 | 0.7 | 0.1 | N/A | N/A | 1.4 | 3.5 | 12.8 | 7.4 | 14.4 | 8.4 |
| Jordan | N/A | 0.3 | N/A | N/A | N/A | 0.9 | 2.2 | 1.4 | 5.2 | 3.3 | 5.9 |
| United States | 6.2 | 6.3 | 7.5 | 7.5 | 9.0 | 4.4 | 4.7 | 2.8 | 4.5 | 7.1 | 5.5 |
| Japan | 5.6 | 4.9 | 5.4 | 7.2 | 5.8 | 7.1 | 5.2 | 4.2 | 3.3 | 2.2 | 3.4 |
| Fiji | 13.3 | 11.5 | 6.8 | 15.1 | 11.0 | 14.3 | 2.9 | 2.3 | 0.4 | 0.1 | 0.2 |
| Others | 26.0 | 21.0 | 43.7 | 39.0 | 26.0 | 36.8 | 45.5 | 46.1 | 69.0 | 83.4 | 81.0 |
| Total | 66.9 | 55.6 | 77.7 | 90.6 | 73.5 | 104 | 155 | 188 | 190 | 215 | 205 |
Exports by Country
Ghana (14K tons), Malaysia (12K tons) and the Dominican Republic (10K tons) were the main destinations of preserved sardines exports from China, with a combined 38% share of total exports.
From 2014 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ghana (with a CAGR of +39.9%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for preserved sardines exported from China were Ghana ($34M), South Africa ($20M) and the Dominican Republic ($20M), with a combined 36% share of total exports. Malaysia, Iraq, Nigeria, Jordan, the United States, Japan and Fiji lagged somewhat behind, together comprising a further 24%.
Among the main countries of destination, Jordan, with a CAGR of +39.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2024, the preserved sardines price amounted to $2,141 per ton (FOB, China), leveling off at the previous year. In general, the export price saw a pronounced descent. The growth pace was the most rapid in 2016 an increase of 18% against the previous year. As a result, the export price attained the peak level of $3,241 per ton. From 2017 to 2024, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($4,359 per ton), while the average price for exports to Fiji ($1,485 per ton) was amongst the lowest.
From 2014 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the preserved sardines market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
