Japan: Market for Prepared Dishes And Meals 2024

Market Size for Prepared Dishes And Meals in Japan

In 2021, the Japanese prepared dish and meal market decreased by -11.8% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Production of Prepared Dishes And Meals in Japan

In value terms, prepared dish and meal production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +43.8% against 2017 indices. The growth pace was the most rapid in 2014 when the production volume increased by 49%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Exports of Prepared Dishes And Meals

Exports from Japan

In 2021, prepared dish and meal exports from Japan surged to X tons, with an increase of 45% on the year before. Over the period under review, exports posted a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared dish and meal exports declined slightly to $X in 2021. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by 45%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Hong Kong SAR (X tons), China (X tons) and the United States (X tons) were the main destinations of prepared dish and meal exports from Japan, together comprising 52% of total exports. These countries were followed by Taiwan (Chinese), South Korea, Vietnam, Singapore, Thailand, the Netherlands, Germany, Australia, Malaysia and Indonesia, which together accounted for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +33.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared dish and meal exported from Japan were Hong Kong SAR ($X), China ($X) and the United States ($X), with a combined 62% share of total exports. These countries were followed by Taiwan (Chinese), Vietnam, South Korea, Indonesia, Singapore, Malaysia, Thailand, Germany, the Netherlands and Australia, which together accounted for a further 31%.

Among the main countries of destination, Vietnam, with a CAGR of +39.7%, 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

The average prepared dish and meal export price stood at $X per ton in 2021, which is down by -31.9% against the previous year. In general, the export price, however, enjoyed noticeable growth. The growth pace was the most rapid in 2020 when the average export price increased by 38%. As a result, the export price attained the peak level of $X per ton, and then fell markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Australia ($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 (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Dishes And Meals

Imports into Japan

In 2021, supplies from abroad of prepared dishes and meals was finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a slight slump. The pace of growth was the most pronounced in 2014 when imports increased by 2.9% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared dish and meal imports expanded slightly to $X in 2021. Over the period under review, imports, however, recorded a perceptible decline. The growth pace was the most rapid in 2018 when imports increased by 3.9% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Thailand (X tons) and China (X tons) were the main suppliers of prepared dish and meal imports to Japan, together accounting for 72% of total imports. These countries were followed by Singapore, New Zealand, Malaysia, Vietnam, the Netherlands, the United States and Australia, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +34.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and China ($X) appeared to be the largest prepared dish and meal suppliers to Japan, together accounting for 53% of total imports. These countries were followed by Singapore, Thailand, New Zealand, the Netherlands, Malaysia, Australia and Vietnam, which together accounted for a further 31%.

In terms of the main suppliers, Vietnam, with a CAGR of +30.4%, recorded the highest rates of growth with regard to 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

In 2021, the average prepared dish and meal import price amounted to $X per ton, growing by 2.8% against the previous year. Overall, the import price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 5.3%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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