Japan: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in Japan

The Japanese market for jellyfish, dried, salted or in brine, smoked surged to $X in 2022, jumping by 16% against the previous year. Over the period under review, consumption saw a remarkable increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Jellyfish, Dried, Salted Or In Brine, Smoked in Japan

In value terms, production of jellyfish, dried, salted or in brine, smoked shrank rapidly to $X in 2022 estimated in export price. Overall, production recorded a deep downturn. The growth pace was the most rapid in 2019 with an increase of 503,963,100% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports from Japan

In 2022, exports of jellyfish, dried, salted or in brine, smoked from Japan reduced sharply to X tons, with a decrease of -18.7% against 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 782% against the previous year. As a result, the exports reached the peak of X tons, and then fell significantly in the following year.

In value terms, exports of jellyfish, dried, salted or in brine, smoked dropped dramatically to $X in 2022. In general, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 842%. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

China (X tons) was the main destination for exports of jellyfish, dried, salted or in brine, smoked from Japan, accounting for a 97% share of total exports. It was followed by the United States (X tons), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+37.8% per year) and Hong Kong SAR (-50.4% per year).

In value terms, China ($X) remains the key foreign market for jellyfish, dried, salted or in brine, smoked exports from Japan, comprising 96% of total exports. The second position in the ranking was taken by the United States ($X), with a 2.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+29.7% per year) and Hong Kong SAR (-47.3% per year).

Export Prices by Country

The average export price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, declining by -28.7% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 64% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($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 Vietnam (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports into Japan

In 2022, purchases abroad of jellyfish, dried, salted or in brine, smoked was finally on the rise to reach X tons after four years of decline. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of jellyfish, dried, salted or in brine, smoked soared to $X in 2022. Overall, imports, however, saw a perceptible downturn. Over the period under review, imports of reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of imports of jellyfish, dried, salted or in brine, smoked to Japan, together comprising 79% of total imports. Malaysia lagged somewhat behind, accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +17.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X), China ($X) and Malaysia ($X) were the largest jellyfish, dried, salted or in brine, smoked suppliers to Japan, together comprising 82% of total imports.

Malaysia, with a CAGR of +10.1%, 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 mixed trend patterns.

Import Prices by Country

The average import price for jellyfish, dried, salted or in brine, smoked stood at $X per ton in 2022, which is down by -2.1% against the previous year. Overall, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2019 an increase of 19%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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