China - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Fish And Seafood Prices in China
China Frozen Fish And Seafood Import Price in September 2022
In September 2022, the frozen fish and seafood price stood at $4,322 per ton (CIF, China), increasing by 7.1% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +2.8%. The growth pace was the most rapid in July 2022 when the average import price increased by 20% m-o-m. Over the period under review, average import prices attained the maximum in September 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($9,386 per ton), while the price for Russia ($2,600 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Canada (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
China Frozen Fish And Seafood Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In September 2022, the product with the highest price was frozen crustaceans ($7,141 per ton), while the price for frozen whole fish ($2,798 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by frozen fish meat (+3.4%), while the prices for the other products experienced more modest paces of growth.
China Frozen Fish And Seafood Imports
In September 2022, overseas purchases of frozen fish and seafood decreased by -14.9% to 293K tons, falling for the second consecutive month after five months of growth. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when imports increased by 28% month-to-month. Over the period under review, imports attained the peak figure at 352K tons in July 2022; however, from August 2022 to September 2022, imports remained at a lower figure.
In value terms, frozen fish and seafood imports reduced to $1.3B (IndexBox estimates) in September 2022. Overall, total imports indicated moderate growth from January 2022 to September 2022: its value increased at an average monthly rate of +2.2% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, imports decreased by -8.9% against August 2022 indices. The pace of growth appeared the most rapid in July 2022 with an increase of 30% m-o-m. Imports peaked at 1.4M tons in August 2022, and then reduced in the following month.
China Frozen Fish And Seafood Imports by Type
Frozen whole fish (146K tons), frozen crustaceans (96K tons) and molluscs (scallops, mussels, cuttle fish, squid and octopus) (33K tons) were the main products of frozen fish and seafood imports to China, together accounting for 94% of total imports.
From January 2022 to September 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by frozen crustaceans (with a CAGR of +3.8%), while imports for the other products experienced mixed trend patterns.
In value terms, the most traded types of frozen fish and seafood in China were frozen crustaceans ($689M), frozen whole fish ($407M) and molluscs (scallops, mussels, cuttle fish, squid and octopus) ($110M), with a combined 95% share of total imports. Frozen fish fillet and frozen fish meat lagged somewhat behind, together comprising a further 4.9%.
China Frozen Fish And Seafood Imports by Country
Russia (72K tons), Ecuador (55K tons) and India (24K tons) were the main suppliers of frozen fish and seafood imports to China, with a combined 51% share of total imports. These countries were followed by Vietnam, the United States, Norway, Japan, Indonesia, Malaysia, Greenland, Canada and Argentina, which together accounted for a further 35%.
From January 2022 to September 2022, the biggest increases were in Argentina (with a CAGR of +17.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest frozen fish and seafood suppliers to China were Ecuador ($344M), Russia ($186M) and India ($151M), with a combined 54% share of total imports. Vietnam, the United States, Norway, Canada, Indonesia, Japan, Greenland, Malaysia and Argentina lagged somewhat behind, together accounting for a further 32%.
Among the main suppliers, Argentina, with a CAGR of +11.7%, 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 more modest paces of growth.
This report provides an in-depth analysis of the market for frozen fish and seafood 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 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:
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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