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

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

In 2021, the Asia-Pacific market for caviar (salmon) and caviar substitutes was finally on the rise to reach $X after three years of decline. In general, consumption, however, showed a mild setback. The pace of growth was the most pronounced in 2016 with an increase of 7.8%. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Asia-Pacific

In value terms, caviar (salmon) and caviar substitutes production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a mild decline. The pace of growth appeared the most rapid in 2016 when the production volume increased by 7.5%. 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-Pacific

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were exported in Asia-Pacific; rising by 4.6% against the previous year. In general, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 16%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes exports surged to $X in 2021. Overall, exports, however, saw a pronounced reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the major exporting country with an export of about X tons, which finished at 61% of total exports. Japan (X tons) took the second position in the ranking, distantly followed by South Korea (X tons). All these countries together took approx. 36% share of total exports. Indonesia (X tons) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -6.1% from 2012 to 2021. At the same time, Japan (+8.5%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +8.5% from 2012-2021. By contrast, Indonesia (-9.5%) and South Korea (-14.5%) illustrated a downward trend over the same period. While the share of Japan (+20 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-3 p.p.) and South Korea (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest caviar (salmon) and caviar substitutes supplying countries in Asia-Pacific were Japan ($X), China ($X) and South Korea ($X), with a combined 96% share of total exports.

In terms of the main exporting countries, Japan, with a CAGR of +11.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, increasing by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. 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.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while China ($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-Pacific

In 2021, imports of caviar (salmon) and caviar substitutes in Asia-Pacific rose significantly to X tons, picking up by 9% against the previous year. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by 29% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2021. Overall, imports, however, showed a perceptible slump. The growth pace was the most rapid in 2017 when imports increased by 33%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons) and Japan (X tons) prevails in imports structure, together generating 75% of total imports. Thailand (X tons) ranks next in terms of the total imports with a 7% share, followed by Taiwan (Chinese) (5.2%). Singapore (X tons), Malaysia (X tons) and China (X tons) followed a long way behind the leaders.

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, South Korea ($X), Japan ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 73% share of total imports.

South Korea, with a CAGR of +37.4%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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-Pacific amounted to $X per ton, picking up by 13% against the previous year. Overall, the import price, however, recorded a abrupt decline. The growth pace was the most rapid in 2017 when the import price increased by 19%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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