Eastern Asia: Frozen Fish Fillet Market 2020

Frozen Fish Fillet Market Size in Eastern Asia

The revenue of the frozen fish fillet market in Eastern Asia amounted to $X in 2017, increasing by X% against the previous year. The total market indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the frozen fish fillet consumption increased by +X% against 2013 indices. The growth pace was the most rapid in 2015, when it surged by X% year-to-year. The level of frozen fish fillet consumption peaked in 2017, and is likely to continue its growth in the immediate term.

Frozen Fish Fillet Production in Eastern Asia

The frozen fish fillet production stood at X tons in 2017, therefore, remained relatively stable against the previous year. The frozen fish fillet production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. The volume of frozen fish fillet production peaked in 2017, and is expected to retain its growth in the near future.

Frozen Fish Fillet Exports in Eastern Asia

In 2017, exports of frozen fish fillets in Eastern Asia stood at X tons, approximately mirroring the previous year. The frozen fish fillet exports continue to indicate a slight descent. The growth pace was the most rapid in 2013, with an increase of X% y-o-y. The volume of exports peaked of X tons in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, frozen fish fillet exports amounted to $X in 2017. The frozen fish fillet exports continue to indicate a slight drop. Over the period under review, the frozen fish fillet exports reached its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Frozen Fish Fillet Exports by Country in Eastern Asia

China prevails in frozen fish fillet exports structure, recording X tons, which was near X% of total exports in 2017. The following exporters - South Korea (X tons), Taiwan, Chinese (X tons) and Japan (X tons) each reached a X% share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Japan (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, Japan emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, South Korea (-X%) illustrated a downward trend over the same period. While the share of China (X%) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest frozen fish fillet supplier in Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global exports. It was followed by Taiwan, Chinese, with a X% share.

In China, frozen fish fillet exports shrank by an average annual rate of -X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and Taiwan, Chinese (+X% per year).

Frozen Fish Fillet Export Prices by Country in Eastern Asia

In 2017, the frozen fish fillet export price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. The frozen fish fillet export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017, when it surged by X% against the previous year. In that year, the export prices for frozen fish fillets reached their peak level, and is likely to continue its growth in the immediate term.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was South Korea ($X per kg), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by South Korea (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Frozen Fish Fillet Imports in Eastern Asia

In 2017, approx. X tons of frozen fish fillets were imported in Eastern Asia; picking up by X% against the previous year. The frozen fish fillet imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016, when it surged by X% against the previous year. The volume of imports peaked of X tons in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, frozen fish fillet imports amounted to $X in 2017. The frozen fish fillet imports continue to indicate a slight setback. The level of imports peaked of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Frozen Fish Fillet Imports by Country in Eastern Asia

Japan was the major importer of frozen fish fillets in Eastern Asia, with the volume of imports finishing at X tons, which was near X% of total imports in 2017. It was distantly followed by South Korea (X tons), China (X tons) and China, Hong Kong SAR (X tons), together constituting X% share of total imports. Taiwan, Chinese (X tons) held the weak share of total imports.

From 2007 to 2017, average annual rates of growth with regard to frozen fish fillet imports into Japan stood at -X%. At the same time, South Korea (+X%) and Taiwan, Chinese (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing importer in Eastern Asia, with a CAGR of +X% from 2007-2017. China experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Japan (X%) and China, Hong Kong SAR (X%) increased significantly in terms of the global imports from 2007-2017, the share of South Korea (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported frozen fish fillets in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by China, with a X% share.

In Japan, frozen fish fillet imports declined by an average annual rate of -X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and China (+X% per year).

Frozen Fish Fillet Import Prices by Country in Eastern Asia

The frozen fish fillet import price in Eastern Asia stood at $X per ton in 2017, rising by X% against the previous year. The frozen fish fillet import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017, when the import prices increased by X% against the previous year. The level of import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform