Eastern Asia: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Eastern Asia

In 2021, the East Asian market for smoked fish other than salmon and herring decreased by -5.9% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +50.9% against 2015 indices. The level of consumption peaked at $X in 2020, and then fell in the following year.

Production of Smoked Fish Other than Salmon and Herring in Eastern Asia

In value terms, production of smoked fish other than salmon and herring fell to $X in 2021 estimated in export price. The total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.7% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 29%. The level of production peaked at $X in 2020, and then contracted in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports in Eastern Asia

Exports of smoked fish other than salmon and herring reduced to X tons in 2021, waning by -8.6% compared with the previous year. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +7.7% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 44%. The volume of export peaked at X tons in 2020, and then reduced in the following year.

In value terms, exports of smoked fish other than salmon and herring reduced to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +1.4% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 59% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2020, and then shrank in the following year.

Exports by Country

China dominates herring structure, reaching X tons, which was approx. 96% of total exports in 2021. South Korea (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +8.4% from 2012 to 2021. At the same time, South Korea (+8.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.6% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest smoked fish other than salmon and herring supplier in Eastern Asia, comprising 94% of total exports. The second position in the ranking was taken by South Korea ($X), with a 1.8% share of total exports.

In China, exports of smoked fish other than salmon and herring increased at an average annual rate of +8.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, approximately equating the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 10%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.1%).

Imports of Smoked Fish Other than Salmon and Herring

Imports in Eastern Asia

Imports of smoked fish other than salmon and herring dropped to X tons in 2021, reducing by -12.2% compared with the year before. In general, imports showed a deep reduction. The pace of growth was the most pronounced in 2019 when imports increased by 33%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of smoked fish other than salmon and herring fell to $X in 2021. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 12%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) and South Korea (X tons) represented the largest importers of smoked fish other than salmon and herring in Eastern Asia, together recording near 75% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), achieving a 20% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +16.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported smoked fish other than salmon and herring in Eastern Asia, comprising 64% of total imports. The second position in the ranking was taken by South Korea ($X), with a 24% share of total imports. It was followed by Hong Kong SAR, with a 5.7% share.

In Japan, imports of smoked fish other than salmon and herring declined by an average annual rate of -13.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+12.5% per year) and Hong Kong SAR (+13.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the import price, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2014 an increase of 27%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

Prices varied noticeably 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 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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