Asia-Pacific: Frozen Eels Market 2022

Frozen Eels Market Size in Asia-Pacific

The Asia-Pacific frozen eels market declined notably to $X in 2020, shrinking by -X% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Frozen Eels Production in Asia-Pacific

In value terms, frozen eels production shrank to $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2020, production failed to regain the momentum.

Production By Country in Asia-Pacific

Indonesia (X tons) remains the largest frozen eels producing country in Asia-Pacific, accounting for X% of total volume. Moreover, frozen eels production in Indonesia exceeded the figures recorded by the second-largest producer, India (X tons), twofold. Malaysia (X tons) ranked third in terms of total production with a X% share.

In Indonesia, frozen eels production 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: India (+X% per year) and Malaysia (+X% per year).

Frozen Eels Exports

Exports in Asia-Pacific

In 2020, overseas shipments of frozen eels increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded a notable increase. The most prominent rate of growth was recorded in 2015 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is expected to retain growth in the near future.

In value terms, frozen eels exports rose to $X in 2020. Over the period under review, exports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. As a result, exports reached the peak of $X. from 2017 to 2020, the growth exports remained at a lower figure.

Exports by Country

Indonesia represented the largest exporter of frozen eels in Asia-Pacific, with the volume of exports reaching X tons, which was near X% of total exports in 2020. Malaysia (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by India (X%) and Pakistan (X%). China (X tons) occupied a relatively small share of total exports.

From 2007 to 2020, average annual rates of growth with regard to frozen eels exports from Indonesia stood at +X%. At the same time, Malaysia (+X%), China (+X%) and Pakistan (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, 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.) and Malaysia (+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 ($X) remains the largest frozen eels supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($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

In 2020, the frozen eels export price in Asia-Pacific amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; 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 Indonesia, while the other leaders experienced more modest paces of growth.

Frozen Eels Imports

Imports in Asia-Pacific

In 2020, overseas purchases of frozen eels increased by X% to X tons, rising for the third year in a row after ten years of decline. Overall, imports, however, showed a slight reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen eels imports contracted to $X in 2020. Over the period under review, imports, however, saw a pronounced slump. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China was the main importing country with an import of around X tons, which amounted to X% of total imports. It was distantly followed by Malaysia (X tons) and Hong Kong SAR (X tons), together committing a X% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +X% from 2007 to 2020. At the same time, Malaysia (+X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2020. By contrast, Taiwan (Chinese) (-X%) and Hong Kong SAR (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China and Malaysia increased by +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, China ($X), Hong Kong SAR ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2020, together accounting for X% of total imports.

Malaysia recorded the highest growth rate of the value of imports, in terms of 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

The frozen eels import price in Asia-Pacific stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price showed a slight decline. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The level of import peaked at $X per ton in 2017; however, from 2018 to 2020, 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 Hong Kong SAR, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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