Asia: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Asia

After two years of decline, the Asian market for caviar (salmon) and caviar substitutes increased by 6.7% to $X in 2021. Over the period under review, consumption, however, recorded a mild setback. The most prominent rate of growth was recorded in 2016 with an increase of 7.5%. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Caviar (Salmon) And Caviar Substitutes in Asia

In value terms, caviar (salmon) and caviar substitutes production rose significantly to $X in 2021 estimated in export price. Overall, production, however, saw a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of 7.4%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in Asia

In 2021, the amount of caviar (salmon) and caviar substitutes exported in Asia reached X tons, rising by 5.6% on the previous year. In general, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes exports skyrocketed to $X in 2021. Overall, exports, however, saw a noticeable contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the key exporter of caviar (salmon) and caviar substitutes in Asia, with the volume of exports accounting for X tons, which was approx. 59% of total exports in 2021. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons). All these countries together held near 34% share of total exports. The following exporters - Turkey (X tons), Armenia (X tons) and Indonesia (X tons) - each accounted for a 5% share of total exports.

Exports from China decreased at an average annual rate of -6.1% from 2012 to 2021. At the same time, Armenia (+41.7%), Turkey (+26.7%) and Japan (+8.5%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +41.7% from 2012-2021. By contrast, Indonesia (-9.5%) and South Korea (-14.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan, Turkey and Armenia increased by +19, +1.7 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, together accounting for 93% of total exports. These countries were followed by Indonesia, Armenia and Turkey, which together accounted for a further 5.3%.

Among the main exporting countries, Armenia, with a CAGR of +26.3%, saw the highest growth rate of 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

The export price in Asia stood at $X per ton in 2021, increasing by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2016 an increase of 26%. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.7%), while the other leaders experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in Asia

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were imported in Asia; surging by 8.9% compared with 2020. The total import volume increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 28%. The volume of import peaked at X tons in 2017; afterwards, it flattened through to 2021.

In value terms, caviar (salmon) and caviar substitutes imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a mild decline. The pace of growth was the most pronounced in 2017 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tons) and Japan (X tons) represented roughly 64% of total imports in 2021. Kazakhstan (X tons) held the next position in the ranking, followed by Thailand (X tons). All these countries together held approx. 13% share of total imports. Taiwan (Chinese) (X tons), Israel (X tons), Singapore (X tons), Malaysia (X tons) and China (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (salmon) and caviar substitutes importing markets in Asia were South Korea ($X), Japan ($X) and Thailand ($X), together accounting for 62% of total imports.

Among the main importing countries, South Korea, with a CAGR of +37.4%, 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.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 15% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. The pace of growth was the most pronounced in 2017 when the import price increased by 20% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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