Japan: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Japan

In 2021, after three years of growth, there was decline in the Japanese preserved fish fillet market, when its value decreased by -3.6% to $X. In general, the total consumption indicated a strong expansion 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, consumption increased by +47.2% against 2017 indices. Preserved fish fillet consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Preserved Fish Fillet Production in Japan

In value terms, preserved fish fillet production declined slightly to $X in 2021 estimated in export price. In general, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 71%. Preserved fish fillet production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Preserved Fish Fillet Exports

Exports from Japan

In 2021, shipments abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by -79.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports saw a significant decrease. The growth pace was the most rapid in 2014 with an increase of 91%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved fish fillet exports fell sharply to $X in 2021. Over the period under review, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 53%. As a result, the exports attained the peak of $X, and then reduced rapidly in the following year.

Exports by Country

Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and the United States (X tons) were the main destinations of preserved fish fillet exports from Japan, together accounting for 85% of total exports. These countries were followed by Vietnam, Singapore and the Philippines, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of 0.0%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for preserved fish fillet exported from Japan were Hong Kong SAR ($X), the United States ($X) and Taiwan (Chinese) ($X), together accounting for 85% of total exports. Vietnam, Singapore and the Philippines lagged somewhat behind, together accounting for a further 15%.

Vietnam, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average preserved fish fillet export price amounted to $X per ton, dropping by -5.4% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 104% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Singapore ($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 China (+92.3%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports into Japan

In 2021, approx. X tons of fish fillets (dried, salted or in brine, but not smoked) were imported into Japan; rising by 115% against the previous year. In general, imports, however, continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 183% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved fish fillet imports soared to $X in 2021. Overall, imports, however, recorded a precipitous slump. The most prominent rate of growth was recorded in 2018 with an increase of 193% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Russia (X tons) and China (X tons) were the main suppliers of preserved fish fillet imports to Japan, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +96.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved fish fillet suppliers to Japan were Italy ($X), Russia ($X) and China ($X), together accounting for 74% of total imports.

Italy, with a CAGR of +68.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 preserved fish fillet import price amounted to $X per ton, growing by 11% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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