China: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in China

The Chinese market for frozen, dried and smoked fish expanded significantly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Frozen, Dried And Smoked Fish in China

In value terms, frozen, dried and smoked fish production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Frozen, dried and smoked fish production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from China

After four years of decline, shipments abroad of frozen, dried and smoked fish increased by X% to X tons in 2022. Over the period under review, exports, however, saw a perceptible reduction. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen, dried and smoked fish exports expanded notably to $X in 2022. In general, exports, however, continue to indicate a mild downturn. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of frozen, dried and smoked fish exports from China, with a combined X% share of total exports. The Philippines, Germany, Indonesia, Thailand, the UK, France, Canada, Spain, Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen, dried and smoked fish exported from China were Japan ($X), the United States ($X) and Germany ($X), together accounting for X% of total exports. South Korea, the Philippines, the UK, Canada, Hong Kong SAR, France, Spain, Thailand, Indonesia and Malaysia lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, 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

In 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Indonesia ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into China

In 2022, after two years of decline, there was significant growth in purchases abroad of frozen, dried and smoked fish, when their volume increased by X% to X tons. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen, dried and smoked fish imports surged to $X in 2022. In general, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Ecuador (X tons) and Vietnam (X tons) were the main suppliers of frozen, dried and smoked fish imports to China, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ecuador (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Russia ($X) and India ($X) constituted the largest frozen, dried and smoked fish suppliers to China, with a combined X% share of total imports.

Among the main suppliers, Ecuador, with a CAGR of X%, saw 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 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price recorded a prominent expansion. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :