Japan: Market for Dried Or Salted Fish 2025

Market Size for Dried Or Salted Fish in Japan

The Japanese dried or salted fish market was estimated at $X in 2021, rising by 1.8% against the previous year. In general, consumption, however, saw a slight contraction. The growth pace was the most rapid in 2016 when the market value increased by 8.8% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Dried Or Salted Fish in Japan

In value terms, dried or salted fish production rose to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 21%. Dried or salted fish production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Dried Or Salted Fish

Exports from Japan

In 2021, the amount of dried or salted fish exported from Japan expanded sharply to X tons, surging by 14% against 2020. Overall, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 24%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, dried or salted fish exports rose notably to $X in 2021. In general, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 22% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons), Thailand (X tons) and Canada (X tons) were the main destinations of dried or salted fish exports from Japan, together accounting for 81% of total exports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +16.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for dried or salted fish exports from Japan, comprising 55% of total exports. The second position in the ranking was held by Thailand ($X), with an 18% share of total exports. It was followed by Taiwan (Chinese), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+18.7% per year) and Taiwan (Chinese) (-24.2% per year).

Export Prices by Country

The average dried or salted fish export price stood at $X per ton in 2021, shrinking by -4.8% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Thailand ($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 Hong Kong SAR (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports into Japan

After two years of growth, supplies from abroad of dried or salted fish decreased by -8.2% to X tons in 2021. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 30%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dried or salted fish imports fell to $X in 2021. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 20%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest dried or salted fish supplier to Japan, accounting for a 52% share of total imports. Moreover, dried or salted fish imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by Indonesia (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-11.3% per year) and Indonesia (-12.0% per year).

In value terms, Vietnam ($X) constituted the largest supplier of dried or salted fish to Japan, comprising 54% of total imports. The second position in the ranking was taken by Thailand ($X), with a 27% share of total imports. It was followed by Indonesia, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.3% per year) and Indonesia (-15.8% per year).

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2021, declining by -3.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15%. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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