Overview of the Global Market for Frozen, Dried And Smoked Fish

Market Size for Frozen, Dried And Smoked Fish

In 2022, the global market for frozen, dried and smoked fish increased by X% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Frozen, Dried And Smoked Fish

In value terms, frozen, dried and smoked fish production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period 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 with an increase of X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Frozen, Dried And Smoked Fish

Exports

In 2022, shipments abroad of frozen, dried and smoked fish increased by X% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, frozen, dried and smoked fish exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Russia (X tons), China (X tons), Vietnam (X tons), Ecuador (X tons), Norway (X tons), India (X tons), the Netherlands (X tons), the United States (X tons), Chile (X tons), South Korea (X tons), Indonesia (X tons) and Spain (X tons), together resulting at X% of total export. Mauritania (X tons) held a minor share of total exports.

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

In value terms, Ecuador ($X), China ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports.

In terms of the main exporting countries, Ecuador, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average export price increased by X%. The global export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other global leaders experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports

In 2022, after two years of decline, there was significant growth in overseas purchases of frozen, dried and smoked fish, when their volume increased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. Global imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, frozen, dried and smoked fish imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, global imports attained the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons), distantly followed by the United States (X tons), Thailand (X tons), Japan (X tons) and South Korea (X tons) were the major importers of frozen, dried and smoked fish, together making up X% of total imports. The following importers - the Netherlands (X tons), Spain (X tons), Cote d'Ivoire (X tons), Russia (X tons), Germany (X tons), France (X tons) and Vietnam (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen, dried and smoked fish imports into China stood at X%. At the same time, Cote d'Ivoire (X%), South Korea (X%), the United States (X%), the Netherlands (X%) and France (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Thailand and Spain experienced a relatively flat trend pattern. By contrast, Japan (X%), Vietnam (X%), Germany (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), China ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of global imports.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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