Japan: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Japan

The Japanese battered fish fillet market shrank modestly to $X in 2021, reducing by -2.8% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% 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 +44.1% against 2013 indices. Battered fish fillet consumption peaked at $X in 2020, and then reduced slightly in the following year.

Battered Fish Fillet Production in Japan

In value terms, battered fish fillet production contracted modestly to $X in 2021 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +70.2% against 2012 indices. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced modestly in the following year.

Battered Fish Fillet Exports

Exports from Japan

In 2021, shipments abroad of fish fillets in batter or breadcrumbs decreased by -17.7% to X tons, falling for the second year in a row after two years of growth. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.5% 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 decreased by -31.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 70% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports shrank to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 19%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X tons), New Zealand (X tons) and Taiwan (Chinese) (X tons) were the main destinations of battered fish fillet exports from Japan, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +98.9%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Japan, comprising 46% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Taiwan (Chinese), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.0% per year) and Taiwan (Chinese) (-2.9% per year).

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, with an increase of 17% against the previous year. In general, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet export price increased by +26.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 31% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to New Zealand ($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 Lao People's Democratic Republic (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Japan

In 2021, the amount of fish fillets in batter or breadcrumbs imported into Japan rose modestly to X tons, surging by 3.1% compared with the previous year. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 6.1% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, battered fish fillet imports amounted to $X in 2021. Overall, imports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2018 with an increase of 12%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of battered fish fillet to Japan, accounting for a 86% share of total imports. Moreover, battered fish fillet imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was held by Vietnam (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.8% per year) and Vietnam (+7.1% per year).

In value terms, China ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Japan, comprising 80% of total imports. The second position in the ranking was held by Thailand ($X), with a 9.1% share of total imports. It was followed by Vietnam, with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+0.1% per year) and Vietnam (+5.4% per year).

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price, however, saw a perceptible contraction. The growth pace was the most rapid in 2018 when the average import price increased by 5.6% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for China ($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 (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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