Asia: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in Asia

The Asian market for jellyfish, dried, salted or in brine, smoked was estimated at $X in 2022, approximately mirroring the previous year. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.4% against 2017 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Jellyfish, Dried, Salted Or In Brine, Smoked in Asia

In value terms, production of jellyfish, dried, salted or in brine, smoked expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports in Asia

Exports of jellyfish, dried, salted or in brine, smoked rose modestly to X tons in 2022, increasing by 2.3% on 2021. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 76%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of jellyfish, dried, salted or in brine, smoked reduced to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58%. As a result, the exports attained the peak of $X, and then dropped modestly in the following year.

Exports by Country

In 2022, South Korea (X tons), distantly followed by Malaysia (X tons), China (X tons), Thailand (X tons), Japan (X tons), Indonesia (X tons) and Pakistan (X tons) were the key exporters of jellyfish, dried, salted or in brine, smoked, together mixing up 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +104.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of exports in 2022, with a combined 60% share of total exports.

In terms of the main exporting countries, South Korea, with a CAGR of +77.1%, recorded the highest rates of growth with regard to 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

In 2022, the export price in Asia amounted to $X per ton, shrinking by -6.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 32%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.9%), while the other leaders experienced more modest paces of growth.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports in Asia

In 2022, imports of jellyfish, dried, salted or in brine, smoked in Asia contracted to X tons, with a decrease of -7.6% compared with 2021. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 115%. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, imports of jellyfish, dried, salted or in brine, smoked contracted slightly to $X in 2022. Overall, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 84% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) represented the main importer of jellyfish, dried, salted or in brine, smoked, committing 54% of total imports. South Korea (X tons) held a 30% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (9.9%). The following importers - Japan (X tons) and Taiwan (Chinese) (X tons) - each reached a 3.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +35.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported jellyfish, dried, salted or in brine, smoked in Asia, comprising 54% of total imports. The second position in the ranking was taken by South Korea ($X), with a 27% share of total imports. It was followed by Malaysia, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +20.9%. In the other countries, the average annual rates were as follows: South Korea (+8.1% per year) and Malaysia (+31.2% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by 4% against the previous year. Overall, the import price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2014 when the import price increased by 40% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :