Eastern Asia: Battered Fish Fillet Market 2025

Battered Fish Fillet Market Size in Eastern Asia

In 2021, the East Asian battered fish fillet market decreased by -7.3% to $X for the first time since 2011, thus ending a nine-year rising trend. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Battered Fish Fillet Production in Eastern Asia

In value terms, battered fish fillet production dropped modestly to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +64.6% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 11%. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Battered Fish Fillet Exports

Exports in Eastern Asia

In 2021, approx. X tons of fish fillets in batter or breadcrumbs were exported in Eastern Asia; jumping by 18% on the year before. Over the period under review, exports recorded a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 32% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, battered fish fillet exports skyrocketed to $X in 2021. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 28% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

The biggest shipments were from China (X tons), together accounting for 100% of total export.

China was also the fastest-growing in terms of the fish fillets in batter or breadcrumbs exports, with a CAGR of +13.4% from 2012 to 2021. China (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest battered fish fillet supplier in Eastern Asia.

In China, battered fish fillet exports increased at an average annual rate of +11.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 2.2% against the previous year. Over the period under review, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of 11%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -2.1% per year.

Battered Fish Fillet Imports

Imports in Eastern Asia

In 2021, purchases abroad of fish fillets in batter or breadcrumbs decreased by -0.6% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 5.7%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, battered fish fillet imports stood at $X in 2021. Overall, imports continue to indicate a slight slump. The pace of growth was the most pronounced in 2018 when imports increased by 10% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan was the main importing country with an import of around X tons, which accounted for 79% of total imports. It was distantly followed by South Korea (X tons), mixing up a 14% share of total imports. The following importers - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - together made up 7% of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of fish fillets in batter or breadcrumbs. At the same time, South Korea (+6.1%) and Taiwan (Chinese) (+5.3%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +6.1% from 2012-2021. By contrast, Hong Kong SAR (-2.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea increased by +5.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported fish fillets in batter or breadcrumbs in Eastern Asia, comprising 78% of total imports. The second position in the ranking was held by South Korea ($X), with a 15% share of total imports. It was followed by Hong Kong SAR, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled -2.3%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+4.5% per year) and Hong Kong SAR (-2.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, standing approx. at the previous year. In general, the import price, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by 5.8%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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