Eastern Asia: Frozen Catfish Market 2022

Frozen Catfish Market Size in Eastern Asia

The East Asian frozen catfish market soared to $X in 2020, rising by X% against the previous year. In general, consumption recorded a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% y-o-y. The level of consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Frozen Catfish Production in Eastern Asia

In value terms, frozen catfish production skyrocketed to $X in 2020 estimated in export prices. The total production indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Over the period under review, production reached the peak level in 2020 and is likely to see steady growth in the immediate term.

Production By Country in Eastern Asia

China (X tons) remains the largest frozen catfish producing country in Eastern Asia, accounting for X% of total volume. Moreover, frozen catfish production in China exceeded the figures recorded by the second-largest producer, South Korea (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in China was relatively modest.

Frozen Catfish Exports

Exports in Eastern Asia

In 2020, frozen catfish exports in Eastern Asia dropped significantly to X tons, with a decrease of -X% against the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. The volume of export peaked at X tons in 2019, and then declined dramatically in the following year.

In value terms, frozen catfish exports rose markedly to $X in 2020. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. The level of export peaked in 2020 and is expected to retain growth in the immediate term.

Exports by Country

China (X tons) represented roughly X% of total exports of frozen catfish in 2020.

China experienced a relatively flat trend pattern with regard to volume of exports of frozen catfish. From 2007 to 2020, the share of China increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest frozen catfish supplier in Eastern Asia.

In China, frozen catfish exports expanded at an average annual rate of +X% over the period from 2007-2020.

Export Prices by Country

In 2020, the frozen catfish export price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2019 when the export price increased by X% year-to-year. Over the period under review, export prices reached the maximum in 2020 and is expected to retain growth in years to come.

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

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Frozen Catfish Imports

Imports in Eastern Asia

In 2020, after two years of growth, there was decline in overseas purchases of frozen catfish, when their volume decreased by -X% to X tons. In general, imports, however, showed a resilient increase. The growth pace was the most rapid in 2012 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2019, and then reduced in the following year.

In value terms, frozen catfish imports stood at $X in 2020. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) prevails in frozen catfish imports structure, together making up X% of total imports. Japan (X tons) took the next position in the ranking, followed by Hong Kong SAR (X tons). All these countries together took near X% share of total imports.

From 2007 to 2020, the biggest increases were in South Korea, while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X) were the countries with the highest levels of imports in 2020, together comprising X% of total imports.

Japan saw 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 frozen catfish import price in Eastern Asia stood at $X per ton in 2020, surging by X% against the previous year. In general, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the import price increased by X% year-to-year. The level of import peaked at $X per ton in 2007; however, from 2008 to 2020, import prices failed to regain the momentum.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :