Japan: Frozen Fish Fillet Market 2025

Frozen Fish Fillet Market Size in Japan

The Japanese frozen fish fillet market rose rapidly to $X in 2022, surging by 8.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

Frozen Fish Fillet Exports

Exports from Japan

In 2022, approx. X tons of frozen fish fillet were exported from Japan; waning by -4.1% on 2021. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 74% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, frozen fish fillet exports rose sharply to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons) was the main destination for frozen fish fillet exports from Japan, accounting for a 72% share of total exports. Moreover, frozen fish fillet exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), more than tenfold. China (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+10.4% per year) and China (+16.7% per year).

In value terms, the United States ($X) remains the key foreign market for frozen fish fillet exports from Japan, comprising 72% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 6.7% share of total exports. It was followed by China, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+6.8% per year) and China (+27.8% per year).

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2022, growing by 16% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Japan

In 2022, the amount of frozen fish fillet imported into Japan was estimated at X tons, surging by 4.9% against 2021. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 8.9%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, frozen fish fillet imports stood at $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 17%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Norway (X tons), Chile (X tons) and the United States (X tons) were the main suppliers of frozen fish fillet imports to Japan, together accounting for 48% of total imports. China, South Korea, New Zealand, Vietnam, Russia, Turkey, Malta, Iceland and Indonesia lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +17.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish fillet suppliers to Japan were Chile ($X), Norway ($X) and China ($X), together comprising 42% of total imports. The United States, Malta, South Korea, Turkey, New Zealand, Russia, Vietnam, Indonesia and Iceland lagged somewhat behind, together comprising a further 37%.

In terms of the main suppliers, Turkey, with a CAGR of +8.4%, 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

The average frozen fish fillet import price stood at $X per ton in 2022, rising by 3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 7.8% 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 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malta ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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