Eastern Asia: Fish Parts Market 2024

Fish Parts Market Size in Eastern Asia

For the third year in a row, the East Asian fish parts market recorded growth in sales value, which increased by 4.5% to $X in 2022. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +34.9% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Fish Parts Production in Eastern Asia

In value terms, fish parts production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 21%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Fish Parts Exports

Exports in Eastern Asia

In 2022, shipments abroad of fish heads, tails and maws increased by 9.6% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fish parts exports skyrocketed to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Hong Kong SAR (X tons) and China (X tons) were the main exporters of fish heads, tails and maws in Eastern Asia, together making up 82% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), achieving a 15% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of +7.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Hong Kong SAR ($X) remains the largest fish parts supplier in Eastern Asia, comprising 83% of total exports. The second position in the ranking was held by China ($X), with a 7.9% share of total exports.

In Hong Kong SAR, fish parts exports increased at an average annual rate of +7.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-1.8% per year) and Taiwan (Chinese) (-1.5% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 116% against the previous year. Export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.5%), while the other leaders experienced a decline in the export price figures.

Fish Parts Imports

Imports in Eastern Asia

In 2022, the amount of fish heads, tails and maws imported in Eastern Asia totaled X tons, growing by 9.1% against 2021 figures. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +18.0% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 44%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, fish parts imports skyrocketed to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons) and Hong Kong SAR (X tons) dominates imports structure, together generating 84% of total imports. Macao SAR (X tons) took the next position in the ranking, followed by South Korea (X tons). All these countries together held approx. 14% share of total imports. Japan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported fish heads, tails and maws in Eastern Asia, comprising 66% of total imports. The second position in the ranking was taken by Macao SAR ($X), with a 17% share of total imports. It was followed by China, with a 15% share.

In Hong Kong SAR, fish parts imports increased at an average annual rate of +1.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Macao SAR (+24.9% per year) and China (+45.4% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, jumping by 16% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Macao SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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