Eastern Asia: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in Eastern Asia

The East Asian market for jellyfish, dried, salted or in brine, smoked contracted to $X in 2022, reducing by -9.9% against the previous year. Over the period under review, consumption, however, saw prominent growth. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Production of Jellyfish, Dried, Salted Or In Brine, Smoked in Eastern Asia

In value terms, production of jellyfish, dried, salted or in brine, smoked declined to $X in 2022 estimated in export price. In general, production saw a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 99%. As a result, production reached the peak level of $X. From 2016 to 2022, production of growth failed to regain momentum.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports in Eastern Asia

In 2022, shipments abroad of jellyfish, dried, salted or in brine, smoked increased by 38% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 154% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of jellyfish, dried, salted or in brine, smoked reached $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +102.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 98%. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea represented the main exporting country with an export of about X tons, which recorded 62% of total exports. It was distantly followed by China (X tons) and Japan (X tons), together achieving a 37% share of total exports.

South Korea was also the fastest-growing in terms of the jellyfish, dried, salted or in brine, smoked exports, with a CAGR of +104.5% from 2012 to 2022. Japan experienced a relatively flat trend pattern. China (-2.5%) illustrated a downward trend over the same period. South Korea (+62 p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by -14.7% and -39.8% from 2012 to 2022, respectively.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 100% of total exports.

South Korea, with a CAGR of +77.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with a decrease of -26.2% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2017 an increase of 25%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

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 China ($X per ton), while South Korea ($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 (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports in Eastern Asia

Imports of jellyfish, dried, salted or in brine, smoked declined to X tons in 2022, shrinking by -11.3% against 2021. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 116% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, imports of jellyfish, dried, salted or in brine, smoked dropped to $X in 2022. Overall, imports, however, showed buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 110%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

China was the largest importer of jellyfish, dried, salted or in brine, smoked in Eastern Asia, with the volume of imports resulting at X tons, which was approx. 61% of total imports in 2022. It was distantly followed by South Korea (X tons), creating a 34% share of total imports. Japan (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by China (with a CAGR of +20.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported jellyfish, dried, salted or in brine, smoked in Eastern Asia, comprising 60% of total imports. The second position in the ranking was held by South Korea ($X), with a 30% share of total imports. It was followed by Japan, with a 6.9% share.

In China, imports of jellyfish, dried, salted or in brine, smoked expanded at an average annual rate of +20.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+8.1% per year) and Japan (-3.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, with an increase of 4.7% against the previous year. Over the period under review, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2013 an increase of 8.3% against the previous year. Over the period under review, import prices reached the maximum 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 Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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