China: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in China

The Chinese market for fish fillets and other fish meat expanded slightly to $X in 2022, picking up by 1.6% against the previous year. Over the period under review, consumption continues to indicate a buoyant increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fillets and Other Fish Meat in China

In value terms, production of fish fillets and other fish meat totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a somewhat lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from China

In 2022, overseas shipments of fish fillets and other fish meat were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a noticeable contraction. The growth pace was the most rapid in 2017 with an increase of 22% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, exports of fish fillets and other fish meat soared to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the United States (X tons) and Japan (X tons) were the main destinations of exports of fish fillets and other fish meat from China, with a combined 54% share of total exports. The UK, South Korea, France, Canada, the Philippines, Spain, the Netherlands, Poland, Russia and Brazil lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fish fillets and other fish meat exported from China were the United States ($X), Japan ($X) and Germany ($X), with a combined 56% share of total exports. The UK, Canada, France, South Korea, the Philippines, the Netherlands, Spain, Poland, Russia and Brazil lagged somewhat behind, together accounting for a further 32%.

The Philippines, with a CAGR of +15.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, growing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth appeared the most rapid in 2016 an increase of 18%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into China

In 2022, supplies from abroad of fish fillets and other fish meat increased by 58% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 79%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat surged to $X in 2022. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2018 with an increase of 98% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest fish fillets and other fish meat supplier to China, with a 86% share of total imports. Moreover, imports of fish fillets and other fish meat from Vietnam exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by Russia (X tons), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam stood at +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.8% per year) and Russia (+17.3% per year).

In value terms, Vietnam ($X) constituted the largest supplier of fish fillets and other fish meat to China, comprising 75% of total imports. The second position in the ranking was taken by the United States ($X), with a 7.4% share of total imports. It was followed by Russia, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.3% per year) and Russia (+23.7% per year).

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, increasing by 20% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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