China: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in China

The Chinese inedible fish products market stood at $X in 2022, approximately reflecting the previous year. Overall, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Inedible Fish Products Production in China

In value terms, inedible fish products production rose slightly to $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 49% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Inedible Fish Products Exports

Exports from China

Inedible fish products exports from China reduced dramatically to X tons in 2022, waning by -22.6% on the previous year's figure. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 75%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, inedible fish products exports rose notably to $X in 2022. The total export value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 45% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of inedible fish products exports from China, with a combined 48% share of total exports. Malaysia, Thailand, Vietnam, Germany and Poland lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +57.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inedible fish products exported from China were Vietnam ($X), the United States ($X) and Malaysia ($X), together accounting for 46% of total exports. Japan, Thailand, South Korea, Germany and Poland lagged somewhat behind, together comprising a further 32%.

Poland, with a CAGR of +59.0%, recorded the highest rates of growth with regard to 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 inedible fish products export price amounted to $X per ton, jumping by 46% against the previous year. Over the period under review, the export price saw a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to South Korea ($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 Taiwan (Chinese) (+41.5%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into China

In 2022, the amount of inedible fish products imported into China expanded slightly to X tons, rising by 3.4% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 237%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, inedible fish products imports skyrocketed to $X in 2022. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 134% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Uzbekistan (X tons) constituted the largest supplier of inedible fish products to China, with a 30% share of total imports. Moreover, inedible fish products imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Bangladesh (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Uzbekistan totaled +66.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.5% per year) and Bangladesh (+29.6% per year).

In value terms, the largest inedible fish products suppliers to China were Uzbekistan ($X), Russia ($X) and the United States ($X), together accounting for 68% of total imports.

In terms of the main suppliers, Uzbekistan, with a CAGR of +66.3%, recorded the highest rates of growth with regard to 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 inedible fish products import price amounted to $X per ton, surging by 49% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inedible fish products import price increased by +122.1% against 2019 indices. As a result, import price reached the peak level 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 Russia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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