China: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in China

In 2021, after three years of growth, there was significant decline in the Chinese frozen fish meat market, when its value decreased by -9.2% to $X. In general, consumption, however, recorded a buoyant increase. Frozen fish meat consumption peaked at $X in 2020, and then shrank in the following year.

Frozen Fish Meat Production in China

In value terms, frozen fish meat production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 59% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Frozen Fish Meat Exports

Exports from China

In 2021, shipments abroad of frozen fish meat was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -38.4% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of 60% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen fish meat exports amounted to $X in 2021. Overall, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -23.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X tons), Japan (X tons) and the UK (X tons) were the main destinations of frozen fish meat exports from China, with a combined 65% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +37.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish meat exported from China were Japan ($X), the Philippines ($X) and the UK ($X), with a combined 70% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +32.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen fish meat export price amounted to $X per ton, flattening at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to South Korea ($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 Hong Kong SAR (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Meat Imports

Imports into China

In 2021, supplies from abroad of frozen fish meat decreased by -14.2% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by 56%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen fish meat imports fell to $X in 2021. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of frozen fish meat to China, with a 61% share of total imports. Moreover, frozen fish meat imports from Vietnam exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. Indonesia (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam amounted to +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.1% per year) and Indonesia (+5.4% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen fish meat to China, comprising 50% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by Indonesia, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.9% per year) and Indonesia (+12.2% per year).

Import Prices by Country

In 2021, the average frozen fish meat import price amounted to $X per ton, increasing by 10% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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