China: Frozen Salmonoids Market 2022

Frozen Salmonoids Market Size in China

The Chinese frozen salmonoids market contracted markedly to $X in 2020, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Frozen salmonoids consumption peaked at $X in 2018; however, from 2019 to 2020, consumption remained at a lower figure.

Frozen Salmonoids Exports

Exports from China

In 2020, shipments abroad of frozen salmonoids was finally on the rise to reach X tons for the first time since 2017, thus ending a two-year declining trend. Overall, exports, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, frozen salmonoids exports amounted to $X in 2020. In general, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. Exports peaked at $X in 2008; however, from 2009 to 2020, exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for frozen salmonoids exports from China, accounting for a X% share of total exports. It was followed by South Korea (X tons), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Russia amounted to +X%.

In value terms, Russia ($X) remains the key foreign market for frozen salmonoids exports from China, comprising X% of total exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Russia totaled +X%.

Export Prices by Country

In 2020, the average frozen salmonoids export price amounted to $X per ton, stabilizing at the previous year. In general, the export price saw a measured expansion. The most prominent rate of growth was recorded in 2012 when the average export price increased by X% against the previous year. Over the period under review, average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Russia ($X per ton), while the average price for exports to South Korea amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia.

Frozen Salmonoids Imports

Imports into China

In 2020, purchases abroad of frozen salmonoids decreased by -X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, frozen salmonoids imports rose significantly to $X in 2020. In general, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Canada (X tons) was the main frozen salmonoids supplier to China, with a X% share of total imports. Moreover, frozen salmonoids imports from Canada exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Kazakhstan (-X% per year).

In value terms, Canada ($X) constituted the largest supplier of frozen salmonoids to China, comprising X% of total imports. The second position in the ranking was occupied by Russia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Canada totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Kazakhstan (-X% per year).

Import Prices by Country

In 2020, the average frozen salmonoids import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a mild shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Canada ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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