Japan: Frozen Fish Market 2024

Frozen Fish Market Size in Japan

The Japanese frozen fish market rose rapidly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Frozen Fish Production in Japan

In value terms, frozen fish production stood at $X in 2022 estimated in export price. Overall, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Frozen Fish Exports

Exports from Japan

After two years of growth, shipments abroad of frozen fish decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish exports dropped to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X tons), Vietnam (X tons) and China (X tons) were the main destinations of frozen fish exports from Japan, together comprising X% of total exports. Egypt, Indonesia, the Philippines, Nigeria, the United States, Taiwan (Chinese), Malaysia, Fiji, South Korea and Ghana lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Nigeria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish exported from Japan were the United States ($X), Vietnam ($X) and Thailand ($X), with a combined X% share of total exports. China, Egypt, Taiwan (Chinese), Indonesia, the Philippines, Nigeria, South Korea, Malaysia, Fiji and Ghana lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Nigeria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fish export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Japan

In 2022, overseas purchases of frozen fish increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, saw a mild contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish imports expanded rapidly to $X in 2022. Over the period under review, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), Chile (X tons) and Norway (X tons) were the main suppliers of frozen fish imports to Japan, with a combined X% share of total imports. Russia, Taiwan (Chinese), China, India, Vietnam, South Korea, Indonesia, Thailand, New Zealand and Iceland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest frozen fish suppliers to Japan were Chile ($X), the United States ($X) and Russia ($X), with a combined X% share of total imports. Norway, Taiwan (Chinese), China, South Korea, Vietnam, India, New Zealand, Thailand, Iceland and Indonesia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for India ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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