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Feb 23, 2024

Japan's November 2023 Imports of Freshwater Fish Reach $23M

Japan Freshwater Fish Imports

In November 2023, overseas purchases of freshwater fish increased by 52% to 1.5K tons, rising for the second month in a row after two months of decline. In general, total imports indicated a slight increase from November 2022 to November 2023: its volume increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, imports increased by +62.7% against September 2023 indices.

In value terms, freshwater fish imports skyrocketed to $23M (IndexBox estimates) in November 2023. Over the period under review, imports, however, saw a slight decline. The most prominent rate of growth was recorded in December 2022 when imports increased by 80% m-o-m.Japan Freshwater Fish Imports By Country (Million USD)

COUNTRYImport Value of Freshwater Fish in Japan (million USD)
Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023
China16.817.613.512.315.519.222.221.435.120.912.813.218.2
South Korea3.64.72.82.63.12.83.02.52.93.63.43.53.8
Taiwan (Chinese)2.42.62.42.02.14.62.11.93.21.91.11.11.1
Others4.223.632.374.837.31.0< 0.1< 0.1< 0.1< 0.1< 0.1< 0.1< 0.1
Total27.048.551.091.758.127.727.325.841.126.517.417.823.0

Imports by Country

In November 2023, China (1.1K tons) constituted the largest freshwater fish supplier to Japan, accounting for a 74% share of total imports. Moreover, freshwater fish imports from China exceeded the figures recorded by the second-largest supplier, South Korea (331 tons), threefold.

From November 2022 to November 2023, the average monthly rate of growth in terms of volume from China amounted to +2.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+1.1% per month) and Taiwan (Chinese) (-6.8% per month).

In value terms, China ($18M) constituted the largest supplier of freshwater fish to Japan, comprising 79% of total imports. The second position in the ranking was held by South Korea ($3.8M), with a 17% share of total imports.

From November 2022 to November 2023, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+0.6% per month) and Taiwan (Chinese) (-6.7% per month).

Import Prices by Country

In November 2023, the freshwater fish price stood at $15,563 per ton (CIF, Japan), declining by -14.7% against the previous month. In general, the import price continues to indicate a pronounced descent. The growth pace was the most rapid in February 2023 when the average import price increased by 94% month-to-month. As a result, import price attained the peak level of $113K per ton. From March 2023 to November 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($22,612 per ton), while the price for South Korea ($11,511 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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    A Quick Overview of Market Performance

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  3. 3. MARKET OVERVIEW

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    1. MARKET SIZE
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    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
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  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

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  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
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    3. IMPORT PRICES BY COUNTRY

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    The Largest Destinations for Exports

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  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

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  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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