Freshwater fish Price in China - 2023
Contents:
- Price Forecast for Freshwater Fish in China till 2025
- Freshwater fish Price in China (FOB) - 2023
- Freshwater fish Price in China (CIF) - 2023
- China Freshwater fish Exports
- China Freshwater fish Imports
Price Forecast for Freshwater Fish in China till 2025
Freshwater fish Price in China (FOB) - 2023
In March 2023, the average freshwater fish export price amounted to $7,674 per ton, falling by -1.5% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 an increase of 13% month-to-month. The export price peaked at $9,246 per ton in July 2022; however, from August 2022 to March 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Japan ($22.1 per kg), while the average price for exports to Vietnam ($5,102 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.1%), while the prices for the other major destinations experienced a decline.
Freshwater fish Price in China (CIF) - 2023
The average freshwater fish import price stood at $6,450 per ton in March 2023, which is down by -41% against the previous month. Overall, the import price continues to indicate a mild slump. The pace of growth was the most pronounced in April 2022 an increase of 229% against the previous month. As a result, import price attained the peak level of $24,842 per ton. From May 2022 to March 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($9,356 per ton), while the price for Bangladesh ($3,490 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
China Freshwater fish Exports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Million USD | |||||
| Hong Kong SAR | 205 | 265 | 362 | 360 | 20.6% |
| Japan | 213 | 165 | 142 | 193 | -3.2% |
| South Korea | 134 | 134 | 134 | 165 | 7.2% |
| Vietnam | 38.7 | 55.1 | 56.0 | 69.8 | 21.7% |
| Macao SAR | 23.2 | N/A | N/A | N/A | 0% |
| Others | 5.2 | 20.2 | 20.8 | 21.0 | 59.2% |
| Total | 619 | 639 | 715 | 810 | 9.4% |
Top Export Markets for Freshwater fish from China 2022:
- Hong Kong SAR (49.3K tons)
- South Korea (24.0K tons)
- Vietnam (11.3K tons)
- Japan (9.1K tons)
In 2022, after three years of growth, there was decline in shipments abroad of freshwater fish, when their volume decreased by -0.3% to 99K tons. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 6.1% against the previous year. The exports peaked at 99K tons in 2021, and then reduced slightly in the following year.
In value terms, freshwater fish exports expanded remarkably to $810M in 2022. The total export value increased at an average annual rate of +9.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
China Freshwater fish Imports
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
|---|---|---|---|---|---|
| Million USD | |||||
| Hong Kong SAR | 11.0 | 20.8 | 46.7 | 180 | 153.9% |
| Philippines | 28.3 | 24.6 | 49.5 | 68.5 | 34.3% |
| Taiwan (Chinese) | 29.7 | 17.8 | 22.9 | 30.7 | 1.1% |
| Indonesia | 9.4 | 7.1 | 12.2 | 19.1 | 26.7% |
| Bangladesh | 23.5 | 10.3 | 2.3 | 9.4 | -26.3% |
| Thailand | 0.6 | 0.8 | 1.4 | 3.7 | 83.4% |
| Myanmar | 25.4 | 21.0 | 37.4 | N/A | 21.3% |
| Others | 5.7 | 9.7 | 11.6 | 3.8 | -12.6% |
| Total | 134 | 112 | 184 | 315 | 33.0% |
Top Suppliers of Freshwater fish to China 2022:
- Philippines (14.5K tons)
- Taiwan (Chinese) (9.4K tons)
- Indonesia (4.2K tons)
- Bangladesh (3.1K tons)
- Hong Kong SAR (2.1K tons)
- Thailand (0.6K tons)
In 2022, approx. 34K tons of freshwater fish were imported into China; picking up by 36% compared with the year before. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, freshwater fish imports surged to $315M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
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