Eastern Asia: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Eastern Asia

In 2021, the East Asian market for caviar (salmon) and caviar substitutes increased by 5% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, showed a perceptible setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Eastern Asia

In value terms, caviar (salmon) and caviar substitutes production reached $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in Eastern Asia

Caviar (salmon) and caviar substitutes exports totaled X tons in 2021, surging by 4.1% against 2020. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes exports surged to $X in 2021. Overall, exports, however, showed a perceptible reduction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China was the largest exporter of caviar (salmon) and caviar substitutes in Eastern Asia, with the volume of exports resulting at X tons, which was approx. 63% of total exports in 2021. Japan (X tons) held a 28% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (8.4%).

From 2012 to 2021, average annual rates of growth with regard to caviar (salmon) and caviar substitutes exports from China stood at -6.1%. At the same time, Japan (+8.5%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.5% from 2012-2021. By contrast, South Korea (-14.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan increased by +20 percentage points.

In value terms, Japan ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 100% of total exports.

Among the main exporting countries, Japan, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, with an increase of 19% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2016 an increase of 26%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in Eastern Asia

In 2021, after three years of decline, there was significant growth in supplies from abroad of caviar (salmon) and caviar substitutes, when their volume increased by 6.7% to X tons. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 24% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes imports surged to $X in 2021. In general, imports, however, saw a deep setback. The growth pace was the most rapid in 2017 when imports increased by 37%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons) and Japan (X tons) dominates imports structure, together mixing up 90% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), creating a 6.3% share of total imports. China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +41.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2021, with a combined 94% share of total imports.

South Korea, with a CAGR of +37.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 8.3% against the previous year. Overall, the import price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2017 when the import price increased by 22%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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