Asia-Pacific: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Asia-Pacific

The Asia-Pacific frozen fish meat market rose rapidly to $X in 2021, surging by 7.4% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Frozen Fish Meat Production in Asia-Pacific

In value terms, frozen fish meat production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 16%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2021.

Frozen Fish Meat Exports

Exports in Asia-Pacific

In 2021, the amount of frozen fish meat exported in Asia-Pacific expanded significantly to X tons, growing by 9.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 11%. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, frozen fish meat exports surged to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Vietnam (X tons) represented the key exporter of frozen fish meat, committing 46% of total exports. India (X tons) ranks second in terms of the total exports with a 22% share, followed by China (13%), Thailand (6.3%) and Indonesia (5.3%). The following exporters - Pakistan (X tons) and the Philippines (X tons) - each accounted for a 4% share of total exports.

Vietnam experienced a relatively flat trend pattern with regard to volume of exports of frozen fish meat. At the same time, the Philippines (+87.4%), India (+6.8%), Pakistan (+5.1%) and China (+3.6%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +87.4% from 2012-2021. By contrast, Indonesia (-4.5%) and Thailand (-6.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, China and the Philippines increased by +8.4, +2.4 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen fish meat supplying countries in Asia-Pacific were Vietnam ($X), China ($X) and India ($X), together accounting for 78% of total exports. These countries were followed by Thailand, Indonesia, the Philippines and Pakistan, which together accounted for a further 17%.

The Philippines, with a CAGR of +96.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 when the export price increased by 7.1% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.8%), while the other leaders experienced more modest paces of growth.

Frozen Fish Meat Imports

Imports in Asia-Pacific

In 2021, purchases abroad of frozen fish meat was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 12%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen fish meat imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 15% against the previous year. Over the period under review, imports hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

Japan represented the major importing country with an import of about X tons, which amounted to 39% of total imports. It was distantly followed by South Korea (X tons), Thailand (X tons), China (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons), together committing a 54% share of total imports. The Philippines (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported frozen fish meat in Asia-Pacific, comprising 49% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Thailand, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan stood at -2.2%. In the other countries, the average annual rates were as follows: South Korea (+2.3% per year) and Thailand (+19.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, picking up by 4.4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 8.9%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+27.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :