Asia-Pacific: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Asia-Pacific

The Asia-Pacific inedible fish products market dropped slightly to $X in 2022, with a decrease of -2.6% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +1.5% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Inedible Fish Products Production in Asia-Pacific

In value terms, inedible fish products production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 37%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Inedible Fish Products Exports

Exports in Asia-Pacific

In 2022, inedible fish products exports in Asia-Pacific dropped to X tons, declining by -6.3% compared with 2021 figures. Total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +14.3% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 51% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, inedible fish products exports rose slightly to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +6.1% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 34%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons) and South Korea (X tons) represented roughly 54% of total exports in 2022. Singapore (X tons) ranks next in terms of the total exports with a 7.4% share, followed by Taiwan (Chinese) (7%), China (5.8%), Indonesia (5.2%) and Cambodia (5.1%). Thailand (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +58.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Vietnam ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 55% share of total exports. Indonesia, South Korea, Singapore, Taiwan (Chinese) and Cambodia lagged somewhat behind, together accounting for a further 27%.

In terms of the main exporting countries, Cambodia, with a CAGR of +19.2%, saw 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-Pacific amounted to $X per ton, with an increase of 10% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 25% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the other leaders experienced more modest paces of growth.

Inedible Fish Products Imports

Imports in Asia-Pacific

In 2022, the amount of inedible fish products imported in Asia-Pacific dropped remarkably to X tons, with a decrease of -42.3% against the previous year's figure. In general, imports continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, inedible fish products imports totaled $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 27%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons), distantly followed by Thailand (X tons), China (X tons), Taiwan (Chinese) (X tons), Australia (X tons), Singapore (X tons) and South Korea (X tons) were the key importers of inedible fish products, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest inedible fish products importing markets in Asia-Pacific were Japan ($X), China ($X) and Thailand ($X), together comprising 45% of total imports. Taiwan (Chinese), South Korea, Australia and Singapore lagged somewhat behind, together accounting for a further 21%.

South Korea, with a CAGR of +7.3%, saw the highest growth rate of 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 2022, the import price in Asia-Pacific amounted to $X per ton, with an increase of 74% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :