Asia: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Asia

In 2021, the Asian fish meals and pellet market increased by 8% to $X, rising for the third year in a row after six years of decline. Over the period under review, consumption, however, showed a slight contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish in Asia

In value terms, fish meals and pellet production dropped to $X in 2021 estimated in export price. Over the period under review, production showed a slight decline. The growth pace was the most rapid in 2020 when the production volume increased by 15% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports in Asia

In 2021, overseas shipments of flours, meals and pellets of fish decreased by -3.9% to X tons, falling for the third year in a row after three years of growth. Overall, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 98% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, fish meals and pellet exports contracted slightly to $X in 2021. The total export value increased at an average annual rate of +1.2% 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 2017 with an increase of 55%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons), distantly followed by Myanmar (X tons), Indonesia (X tons), Pakistan (X tons) and Vietnam (X tons) represented the major exporters of flours, meals and pellets of fish, together achieving 89% of total exports. The following exporters - Yemen (X tons) and Malaysia (X tons) - each amounted to a 5.5% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +39.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fish meals and pellet supplying countries in Asia were China ($X), Indonesia ($X) and Vietnam ($X), with a combined 88% share of total exports.

Vietnam, with a CAGR of +27.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, surging by 2.9% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fish meals and pellet export price increased by +93.6% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 63% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+13.3%), while the other leaders experienced a decline in the export price figures.

Imports of Flours, Meals And Pellets Of Fish

Imports in Asia

In 2021, overseas purchases of flours, meals and pellets of fish were finally on the rise to reach X tons after three years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 48%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fish meals and pellet imports skyrocketed to $X in 2021. Overall, imports, however, saw a slight slump. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan was the key importing country with an import of around X tons, which accounted for 62% of total imports. Democratic People's Republic of Korea (X tons) ranks second in terms of the total imports with a 12% share, followed by Malaysia (8.9%) and China (7%).

Imports into Japan decreased at an average annual rate of -2.5% from 2012 to 2021. At the same time, Democratic People's Republic of Korea (+64.9%), Malaysia (+21.7%) and China (+2.3%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Asia, with a CAGR of +64.9% from 2012-2021. Democratic People's Republic of Korea (+12 p.p.), Malaysia (+7.4 p.p.) and China (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -11.7% from 2012 to 2021, respectively.

In value terms, Japan ($X) constitutes the largest market for imported flours, meals and pellets of fish in Asia, comprising 69% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Democratic People's Republic of Korea, with a 6.7% share.

In Japan, fish meals and pellet imports contracted by an average annual rate of -3.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+17.4% per year) and Democratic People's Republic of Korea (+71.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 6.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 25% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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