Asia-Pacific: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Asia-Pacific

In 2020, after two years of growth, there was significant decline in the Asia-Pacific frozen atlantic halibut market, when its value decreased by -X% to $X. In general, consumption, however, showed a temperate increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2019, and then dropped in the following year.

Frozen Atlantic Halibut Production in Asia-Pacific

In value terms, frozen atlantic halibut production soared to $X in 2020 estimated in export prices. Overall, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production failed to regain the momentum.

Production By Country in Asia-Pacific

The countries with the highest volumes of frozen atlantic halibut production in 2020 were Bangladesh (X tons), Pakistan (X tons) and Indonesia (X tons), together accounting for X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of frozen atlantic halibut production, amongst the leading producing countries, was attained by Indonesia, while frozen atlantic halibut production for the other leaders experienced more modest paces of growth.

Frozen Atlantic Halibut Exports

Exports in Asia-Pacific

In 2020, overseas shipments of frozen atlantic halibut decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, frozen atlantic halibut exports rose modestly to $X in 2020. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. The level of export peaked in 2020 and is likely to continue growth in the immediate term.

Exports by Country

China was the key exporter of frozen atlantic halibut in Asia-Pacific, with the volume of exports accounting for X tons, which was near X% of total exports in 2020. Hong Kong SAR (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%). South Korea (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Japan (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2020. By contrast, South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.) and Japan (+X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and South Korea saw its share reduced by -X% and -X% from 2007 to 2020, respectively.

In value terms, China ($X) remains the largest frozen atlantic halibut supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+X% per year) and Japan (+X% per year).

Export Prices by Country

In 2020, the frozen atlantic halibut export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Export price indicated resilient growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. The level of export peaked in 2020 and is likely to continue growth in the immediate term.

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

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

Frozen Atlantic Halibut Imports

Imports in Asia-Pacific

After two years of growth, purchases abroad of frozen atlantic halibut decreased by -X% to X tons in 2020. Total imports indicated a perceptible increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2019, and then reduced in the following year.

In value terms, frozen atlantic halibut imports reduced notably to $X in 2020. Overall, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2019, and then fell markedly in the following year.

Imports by Country

China was the main importing country with an import of around X tons, which reached X% of total imports. Japan (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together occupied approx. X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the frozen atlantic halibut imports, with a CAGR of +X% from 2007 to 2020. At the same time, Taiwan (Chinese) (+X%) and Hong Kong SAR (+X%) displayed positive paces of growth. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported frozen atlantic halibut in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In China, frozen atlantic halibut imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Japan (-X% per year) and Taiwan (Chinese) (+X% per year).

Import Prices by Country

In 2020, the frozen atlantic halibut import price in Asia-Pacific amounted to $X per ton, which is down by -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while China ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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