Asia: Frozen Eels Market 2022

Frozen Eels Market Size in Asia

For the third year in a row, the Asian frozen eels market recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption saw a deep slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of consumption peaked at $X in 2007; however, from 2008 to 2020, consumption remained at a lower figure.

Frozen Eels Production in Asia

In value terms, frozen eels production fell to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2020, production failed to regain the momentum.

Production By Country in Asia

Indonesia (X tons) constituted the country with the largest volume of frozen eels production, comprising approx. X% of total volume. Moreover, frozen eels production in Indonesia exceeded the figures recorded by the second-largest producer, India (X tons), twofold. The third position in this ranking was occupied by Malaysia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Indonesia amounted to +X%. In the other countries, the average annual rates were as follows: India (+X% per year) and Malaysia (+X% per year).

Frozen Eels Exports

Exports in Asia

In 2020, overseas shipments of frozen eels increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, frozen eels exports rose to $X in 2020. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

In 2020, Indonesia (X tons) was the largest exporter of frozen eels, achieving X% of total exports. It was distantly followed by Malaysia (X tons), India (X tons) and Pakistan (X tons), together mixing up a X% share of total exports. Iran (X tons) and China (X tons) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to frozen eels exports from Indonesia stood at +X%. At the same time, Iran (+X%), Malaysia (+X%), China (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, India (-X%) illustrated a downward trend over the same period. While the share of Indonesia (+X p.p.), Malaysia (+X p.p.) and Iran (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Pakistan (-X p.p.) and India (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest frozen eels supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by China, with a X% share.

In Indonesia, frozen eels exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and China (+X% per year).

Export Prices by Country

The frozen eels export price in Asia stood at $X per ton in 2020, which is down by -X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, export prices hit record highs at $X per ton in 2017; however, from 2018 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Iran, while the other leaders experienced more modest paces of growth.

Frozen Eels Imports

Imports in Asia

In 2020, purchases abroad of frozen eels increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen eels imports declined to $X in 2020. Overall, imports, however, showed a perceptible reduction. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. The level of import peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

China represented the major importer of frozen eels in Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2020. Malaysia (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Qatar (X%) and Hong Kong SAR (X%). Taiwan (Chinese) (X tons) held a little share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen eels imports into China stood at +X%. At the same time, Malaysia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Taiwan (Chinese) (-X%), Hong Kong SAR (-X%) and Qatar (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China, Malaysia and Qatar increased by +X%, +X% and +X% percentage points, while Hong Kong SAR (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen eels importing markets in Asia were China ($X), Hong Kong SAR ($X) and Malaysia ($X), with a combined X% share of total imports.

Malaysia saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2020, the frozen eels import price in Asia amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2016 when the import price increased by X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2017 to 2020, the growth in terms of the import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Qatar, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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