China: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in China

The Chinese preserved fish fillet market was estimated at $X in 2021, with an increase of 10% against the previous year. Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +14.3% against 2017 indices. Preserved fish fillet consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Preserved Fish Fillet Production in China

In value terms, preserved fish fillet production amounted to $X in 2021 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.3% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 37%. Preserved fish fillet production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Preserved Fish Fillet Exports

Exports from China

Preserved fish fillet exports from China reduced rapidly to X tons in 2021, falling by -31.7% compared with 2020 figures. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 50%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved fish fillet exports declined dramatically to $X in 2021. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of 4.3% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), Portugal (X tons) and Brazil (X tons) were the main destinations of preserved fish fillet exports from China, with a combined 56% share of total exports. These countries were followed by Canada, Puerto Rico, Japan, Trinidad and Tobago, the UK, the Netherlands and Russia, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Trinidad and Tobago (with a CAGR of +4.0%), while the other leaders experienced a decline.

In value terms, the largest markets for preserved fish fillet exported from China were the United States ($X), Brazil ($X) and Portugal ($X), with a combined 52% share of total exports. These countries were followed by Canada, Japan, Puerto Rico, Trinidad and Tobago, Russia, the UK and the Netherlands, which together accounted for a further 33%.

Trinidad and Tobago, with a CAGR of +0.8%, recorded 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 a decline.

Export Prices by Country

In 2021, the average preserved fish fillet export price amounted to $X per ton, jumping by 18% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 30%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Puerto Rico (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports into China

In 2021, imports of fish fillets (dried, salted or in brine, but not smoked) into China skyrocketed to X tons, jumping by 31% on the previous year. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 288% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved fish fillet imports surged to $X in 2021. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 217% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Pakistan (X tons) constituted the largest supplier of preserved fish fillet to China, with a 65% share of total imports. Moreover, preserved fish fillet imports from Pakistan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sevenfold. The third position in this ranking was taken by Canada (X tons), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Pakistan amounted to -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.4% per year) and Canada (-1.0% per year).

In value terms, the largest preserved fish fillet suppliers to China were Pakistan ($X), South Korea ($X) and Norway ($X), with a combined 80% share of total imports. These countries were followed by Vietnam, the United States, Canada, Indonesia and Myanmar, which together accounted for a further 17%.

Among the main suppliers, Indonesia, with a CAGR of +35.7%, 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

The average preserved fish fillet import price stood at $X per ton in 2021, increasing by 59% against the previous year. Overall, the import price posted resilient growth. 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 supplying countries. In 2021, the country with the highest price was Norway ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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