Japan: Market for Caviar (Salmon) And Caviar Substitutes 2025

Market Size for Caviar (Salmon) And Caviar Substitutes in Japan

The Japanese market for caviar (salmon) and caviar substitutes declined to $X in 2021, falling by -14.7% against the previous year. Over the period under review, consumption continues to indicate a abrupt setback. Caviar (salmon) and caviar substitutes consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Japan

In value terms, caviar (salmon) and caviar substitutes production rose markedly to $X in 2021 estimated in export price. Overall, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Japan

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were exported from Japan; increasing by 34% compared with the year before. In general, total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine-year period. 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.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2021. Overall, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and the United States (X tons) were the main destinations of caviar (salmon) and caviar substitutes exports from Japan, together accounting for 60% of total exports. These countries were followed by Singapore, Thailand, Australia, South Korea, Canada and Malaysia, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +14.9%), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Hong Kong SAR ($X) and the United States ($X) appeared to be the largest markets for caviar (salmon) and caviar substitutes exported from Japan worldwide, with a combined 61% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +18.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, surging by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Japan

In 2021, imports of caviar (salmon) and caviar substitutes into Japan dropped significantly to X tons, with a decrease of -21.2% on the previous year. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 35% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes imports reduced notably to $X in 2021. Over the period under review, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 34% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Vietnam (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to Japan, together comprising 69% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +90.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (salmon) and caviar substitutes suppliers to Japan were China ($X), Germany ($X) and the United States ($X), together accounting for 58% of total imports. These countries were followed by Norway, Vietnam, Thailand, Canada and Denmark, which together accounted for a further 39%.

Among the main suppliers, Vietnam, with a CAGR of +77.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for caviar (salmon) and caviar substitutes amounted to $X per ton, shrinking by -2% against the previous year. In general, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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