China: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in China

The Chinese market for jellyfish, dried, salted or in brine, smoked declined to $X in 2022, which is down by -9.6% against the previous year. Over the period under review, consumption, however, posted prominent growth. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Jellyfish, Dried, Salted Or In Brine, Smoked in China

In value terms, production of jellyfish, dried, salted or in brine, smoked totaled $X in 2022 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 225% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production of growth remained at a lower figure.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports from China

In 2022, shipments abroad of jellyfish, dried, salted or in brine, smoked was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 115% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of jellyfish, dried, salted or in brine, smoked surged to $X in 2022. In general, exports, however, recorded a slight curtailment. The growth pace was the most rapid in 2016 when exports increased by 101% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of exports of jellyfish, dried, salted or in brine, smoked from China, together accounting for 56% of total exports. Canada, Italy, Australia, Singapore, Thailand and Malaysia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +15.4%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for jellyfish, dried, salted or in brine, smoked exports from China, comprising 33% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports. It was followed by South Korea, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-6.4% per year) and South Korea (-2.2% per year).

Export Prices by Country

The average export price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 an increase of 28%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to South Korea ($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 Canada (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports into China

In 2022, the amount of jellyfish, dried, salted or in brine, smoked imported into China contracted remarkably to X tons, with a decrease of -28% compared with 2021 figures. Overall, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2019 when imports increased by 242% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, imports of jellyfish, dried, salted or in brine, smoked contracted markedly to $X in 2022. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 213% against the previous year. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

Mexico (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of imports of jellyfish, dried, salted or in brine, smoked to China, together accounting for 78% of total imports. Japan, Pakistan, India and Thailand lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +113.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Japan ($X) and Malaysia ($X) were the largest jellyfish, dried, salted or in brine, smoked suppliers to China, with a combined 79% share of total imports. Indonesia, Pakistan, India and Thailand lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, India, with a CAGR of +124.6%, 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

The average import price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 34% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Japan ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :