China: Market for Dried Or Salted Fish 2025

Market Size for Dried Or Salted Fish in China

The Chinese dried or salted fish market reduced modestly to $X in 2021, waning by -3.7% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then declined in the following year.

Production of Dried Or Salted Fish in China

In value terms, dried or salted fish production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Dried Or Salted Fish

Exports from China

In 2021, the amount of dried or salted fish exported from China fell to X tons, remaining relatively unchanged against the year before. In general, exports showed a perceptible setback. The growth pace was the most rapid in 2015 when exports increased by 17%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, dried or salted fish exports shrank to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 15% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for dried or salted fish exports from China, with a 34% share of total exports. Moreover, dried or salted fish exports to South Korea exceeded the volume sent to the second major destination, Portugal (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+2.4% per year) and Brazil (+18.0% per year).

In value terms, South Korea ($X) remains the key foreign market for dried or salted fish exports from China, comprising 55% of total exports. The second position in the ranking was taken by Portugal ($X), with an 8.9% share of total exports. It was followed by Brazil, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+0.6% per year) and Brazil (+15.1% per year).

Export Prices by Country

The average dried or salted fish export price stood at $X per ton in 2021, shrinking by -6.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 an increase of 10%. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Puerto Rico ($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 Japan (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports into China

In 2021, overseas purchases of dried or salted fish decreased by -42.2% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, showed a significant increase. The growth pace was the most rapid in 2017 when imports increased by 285%. Over the period under review, imports reached the peak figure at X tons in 2020, and then declined remarkably in the following year.

In value terms, dried or salted fish imports fell markedly to $X in 2021. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 238% against the previous year. Imports peaked at $X in 2020, and then contracted remarkably in the following year.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of dried or salted fish to China, with a 86% share of total imports. Moreover, dried or salted fish imports from Vietnam exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam amounted to +313.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+5.4% per year) and Thailand (+35.8% per year).

In value terms, Vietnam ($X) constituted the largest supplier of dried or salted fish to China, comprising 83% of total imports. The second position in the ranking was held by Myanmar ($X), with a 10% share of total imports. It was followed by Thailand, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam totaled +276.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+5.3% per year) and Thailand (+16.8% per year).

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2021, flattening at the previous year. Overall, the import price, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2013 an increase of 8.6% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Myanmar ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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