China: Market for Caviar (Salmon) And Caviar Substitutes 2025

Market Size for Caviar (Salmon) And Caviar Substitutes in China

The Chinese market for caviar (salmon) and caviar substitutes was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in China

In value terms, caviar (salmon) and caviar substitutes production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 22%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from China

In 2021, overseas shipments of caviar (salmon) and caviar substitutes decreased by -8.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 24% against the previous year. The exports 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 declined to $X in 2021. In general, exports recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of 5.8% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from China, with a 72% share of total exports. Moreover, caviar (salmon) and caviar substitutes exports to Japan exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold. Canada (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+42.1% per year) and Canada (+57.5% per year).

In value terms, Japan ($X) remains the key foreign market for caviar (salmon) and caviar substitutes exports from China, comprising 58% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 6.3% share of total exports. It was followed by Canada, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+40.6% per year) and Canada (+70.5% per year).

Export Prices by Country

In 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, shrinking by -2.1% against the previous year. Overall, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2016 an increase of 29% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into China

Caviar (salmon) and caviar substitutes imports into China soared to X tons in 2021, with an increase of 528% compared with the year before. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2021. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Sweden (X tons) and Japan (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to China, with a combined 86% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +1,629.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (salmon) and caviar substitutes suppliers to China were Japan ($X), Sweden ($X) and Taiwan (Chinese) ($X), together accounting for 86% of total imports. These countries were followed by Russia, Denmark and South Korea, which together accounted for a further 14%.

Among the main suppliers, Russia, with a CAGR of +978.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for caviar (salmon) and caviar substitutes amounted to $X per ton, which is down by -32.8% against the previous year. In general, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 77%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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