Japan: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Japan

In 2021, after three years of growth, there was significant decline in the Japanese seafood meals and pellets market, when its value decreased by -28.6% to $X. Over the period under review, consumption showed a noticeable contraction. Seafood meals and pellets consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Japan

In value terms, seafood meals and pellets production fell sharply to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt setback. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Japan

For the third year in a row, Japan recorded growth in shipments abroad of flours, meals and pellets of fish or of crustaceans and molluscs, which increased by 5.8% to X tons in 2021. In general, exports enjoyed a notable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 147%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, seafood meals and pellets exports expanded significantly to $X in 2021. Overall, exports showed strong growth. The growth pace was the most rapid in 2017 when exports increased by 152%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for seafood meals and pellets exports from Japan, accounting for a 98% share of total exports. It was followed by India (X tons), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Taiwan (Chinese) stood at +6.7%.

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Japan, comprising 98% of total exports. The second position in the ranking was held by India ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Taiwan (Chinese) stood at +11.5%.

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, picking up by 5.9% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 25%. The export price peaked at $X per ton in 2019; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to India totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+4.4%).

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Japan

In 2021, supplies from abroad of flours, meals and pellets of fish or of crustaceans and molluscs decreased by -27.6% to X tons, falling for the second consecutive year after three years of growth. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, seafood meals and pellets imports dropped markedly to $X in 2021. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by 19%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Peru (X tons) constituted the largest seafood meals and pellets supplier to Japan, with a 30% share of total imports. Moreover, seafood meals and pellets imports from Peru exceeded the figures recorded by the second-largest supplier, Chile (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Peru totaled -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-3.7% per year) and the United States (+3.8% per year).

In value terms, the largest seafood meals and pellets suppliers to Japan were Peru ($X), Chile ($X) and the United States ($X), together accounting for 60% of total imports. Thailand, New Zealand, Oman, Vietnam, Russia, South Korea, India, Ecuador, the Philippines and Indonesia lagged somewhat behind, together accounting for a further 31%.

Oman, with a CAGR of +114.4%, saw the highest growth rate of the value of imports, among 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 seafood meals and pellets import price amounted to $X per ton, surging by 5.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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