
Japan - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJapan's Frozen Fish Imports Surge to $504M in November 2023
Japan Frozen Fish Imports
In November 2023, overseas purchases of frozen fish increased by 20% to 105K tons, rising for the fourth month in a row after three months of decline. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when imports increased by 23% month-to-month.
In value terms, frozen fish imports skyrocketed to $504M (IndexBox estimates) in November 2023. Overall, imports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in April 2023 when imports increased by 37% month-to-month.
COUNTRY | Import Value of Frozen Fish in Japan (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
United States | 155 | 109 | 66.0 | 24.2 | 49.4 | 91.4 | 99.0 | 112 | 66.9 | 71.5 | 98.0 | 89.3 | 94.6 |
Russia | 55.0 | 30.3 | 22.5 | 29.0 | 18.9 | 43.9 | 59.9 | 59.3 | 23.8 | 15.4 | 35.2 | 36.0 | 63.4 |
Chile | 139 | 157 | 163 | 140 | 140 | 81.6 | 63.1 | 80.7 | 60.9 | 38.0 | 55.2 | 43.1 | 57.5 |
Norway | 71.9 | 79.3 | 63.6 | 38.7 | 46.1 | 48.6 | 42.1 | 36.9 | 34.0 | 33.4 | 38.6 | 18.3 | 43.0 |
Taiwan (Chinese) | 33.4 | 39.7 | 31.1 | 23.7 | 28.1 | 33.9 | 30.8 | 23.5 | 15.7 | 22.2 | 22.4 | 29.9 | 18.8 |
China | 35.8 | 31.7 | 24.3 | 17.3 | 26.0 | 30.6 | 22.8 | 32.0 | 27.9 | 26.8 | 26.2 | 10.1 | 15.1 |
South Korea | 29.6 | 18.3 | 15.8 | 13.3 | 15.8 | 21.5 | 15.1 | 21.4 | 18.0 | 14.4 | 20.0 | 7.3 | 14.3 |
Others | 130 | 260 | 193 | 150 | 148 | 296 | 191 | 106 | 97.7 | 123 | 136 | 190 | 198 |
Total | 650 | 725 | 578 | 437 | 472 | 647 | 523 | 472 | 345 | 345 | 432 | 424 | 504 |
Imports by Country
The United States (24K tons), Norway (15K tons) and Chile (10K tons) were the main suppliers of frozen fish imports to Japan, together accounting for 47% of total imports.
From November 2022 to November 2023, the biggest increases were in the United States (with a CAGR of +2.0%), while purchases for the other leaders experienced mixed trend patterns.
In value terms, the largest frozen fish suppliers to Japan were the United States ($95M), Russia ($63M) and Chile ($57M), together comprising 43% of total imports.
In terms of the main suppliers, Russia, with a CAGR of +1.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Imports by Type
In November 2023, frozen whole fish (61K tons) constituted the largest type of frozen fish supplied to Japan, accounting for a 58% share of total imports. Moreover, frozen whole fish exceeded the figures recorded for the second-largest type, frozen fish meat (26K tons), twofold.
From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of import of frozen whole fish was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: frozen fish meat (+1.2% per month) and frozen fish fillet (-1.1% per month).
In value terms, the most traded types of frozen fish in Japan were frozen whole fish ($284M), frozen fish fillet ($151M) and frozen fish meat ($69M).
Import Prices by Country
In November 2023, the frozen fish price stood at $4,782 per ton (CIF, Japan), standing approximately at the previous month. In general, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 11% m-o-m. Over the period under review, average import prices attained the peak figure at $6,873 per ton in December 2022; however, from January 2023 to November 2023, import prices stood at a somewhat 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 Russia ($8,338 per ton), while the price for India ($1,770 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 Russia (+0.1%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the frozen fish market in Japan. 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
Country coverage:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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