China: Preserved Salmon Market 2024

Preserved Salmon Market Size in China

In 2021, the Chinese preserved salmon market increased by 8.2% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Preserved Salmon Production in China

In value terms, preserved salmon production reached $X in 2021 estimated in export price. In general, production, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2016 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Preserved Salmon Exports

Exports from China

In 2021, overseas shipments of salmon (prepared or preserved) decreased by -46.7% to X tons for the first time since 2016, thus ending a four-year rising trend. Overall, exports showed a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by 33%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved salmon exports contracted rapidly to $X in 2021. In general, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by 18%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for preserved salmon exports from China, accounting for a 54% share of total exports. Moreover, preserved salmon exports to Japan exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by the United States (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.5% per year) and the United States (-7.3% per year).

In value terms, Japan ($X) remains the key foreign market for salmon (prepared or preserved) exports from China, comprising 72% of total exports. The second position in the ranking was held by Germany ($X), with a 7.8% share of total exports. It was followed by Canada, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value to Japan stood at -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.4% per year) and Canada (+73.7% per year).

Export Prices by Country

In 2021, the average preserved salmon export price amounted to $X per ton, jumping by 22% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 28%. The export price peaked at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while the average price for exports to Puerto Rico ($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 Puerto Rico (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Imports

Imports into China

In 2021, imports of salmon (prepared or preserved) into China surged to X tons, jumping by 209% compared with the year before. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 326% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, preserved salmon imports soared to $X in 2021. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2015 when imports increased by 262% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of preserved salmon to China, with a 78% share of total imports. Moreover, preserved salmon imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +90.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+37.6% per year) and the United States (+6.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of salmon (prepared or preserved) to China, comprising 89% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.3% share of total imports. It was followed by Thailand, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to +79.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.9% per year) and Thailand (-1.4% per year).

Import Prices by Country

In 2021, the average preserved salmon import price amounted to $X per ton, picking up by 1.8% against the previous year. Over the period under review, the import price posted a pronounced increase. The growth pace was the most rapid in 2020 when the average import price increased by 84% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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